金吾财讯 | 交银国际研报指，新意网集团(01686)2026上半财年收入15.08亿港元，同比增长2.6%，来自数据中心及信息科技设施的经常性收入达13.77亿港元，同比增长7.0%。期内得益于营运杠杆改善及成本控制，EBITDA同比增长4.1%至10.96亿港元，大致符合该机构预期。公司表示国际及中国超大规模客户需求上升，围绕AI推理及高密度部署的查询显著增加。上半财年在营运容量约为105兆瓦，出租率约91%。管理层透露，正就多个大型客户进行深入磋商，其潜在使用容量远超出MEGA IDC一期容量。 截至2025年12月底，集团银行结余及存款为4.49亿港元，净银行贷款为116.93亿港元，半年增加2.5%。由于贷款均以浮息计价，受益于利率下行，融资成本同比大幅减少25.4%至1.28亿港元。基于其稳固的市场地位和清晰的增长路径及健康的财务表现，该机构认为最近股价回调提供良好的买入机会，上调公司评级至买入，目标价维持8.58港元，对应约21倍2026年EV/EBITDA。
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