Core Viewpoint - Weisheng Holdings (03393) has seen a stock price increase of over 4% following the announcement of a total agreement between its subsidiary, Weiyuan Energy, and Renox to supply various energy storage system products, facilitating entry into the Australian market [1] Group 1: Company Developments - Weiyuan Energy will supply a range of energy storage system products to Renox, which will help in distributing these products effectively in Australia [1] - The total agreement aims to ensure stable sales of energy storage systems to Renox, providing cost predictability and growth in the target market [1] Group 2: Market Performance and Outlook - Weisheng Holdings' stock rose by 4.05%, reaching HKD 13.35, with a trading volume of HKD 20.5653 million [1] - Guozheng International reported that Weisheng Holdings has a relatively fast growth rate compared to peers, with ongoing expansion in overseas markets [1] - The company is expected to enter a rapid growth phase in overseas revenue, particularly with its ADO business securing orders from overseas data centers [1] - The firm believes there is room for valuation improvement, initiating a "Buy" rating with a target price of HKD 17.36 [1]
威胜控股午后涨超4% 公司与Renox签订总协议 加码澳大利亚储能市场