CROSBY Research – Wasion Holdings (3393 HK/BUY): In the sweet spot

16 May 2024

In recent years, Wasion has been aggressively pushing forward its export business to gain more traction from the international market. Through capitalizing on the China’s “One belt, One road” plan to step up the infrastructure development of developing countries actually open up more opportunities for Wasion. The company has been actively participating in economic development and energy internet construction projects in the countries and regions along the Belt and Road. With “IoT + digitalization + chips” as its core competitiveness, the company has successfully provided a complete set of AMI system solutions for Southeast Asian countries such as Laos and Myanmar.