GD-HKGBA HLDGS (01396) saw its stock price decline sharply by 5.37% during intraday trading on Friday. The pullback follows a sustained multi-day rally that had been fueled by the company's transformation into an AI computing power provider and external market catalysts.

The company has repositioned itself as an intelligent computing construction and operations provider, with its AI computing power segment now accounting for 61.5% of total revenue, establishing it as the core growth pillar. The stock had previously surged approximately 56% in a single week, driven by market enthusiasm around AI computing sector momentum.

However, following the earnings briefing held the previous day, the short-term positive catalysts appear largely priced in. Combined with the substantial prior rally, market participants are locking in gains, triggering the current correction. The company's elevated valuation metrics, including a static PE of 84.62x, ROE of only 3.38%, and ROIC at 0.58%, suggest valuation risk relative to underlying profitability may have contributed to the profit-taking pressure.