Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
BOCOM International Expects Continued Growth in Data Center Rents and Revenue This Year, Raises GDS-SW (09698.HK) TP to HKD56.65
Recommend 6 Positive 7 Negative 0 |
||||
|
||||
|
BOCOM International issued a research report stating that global data centers are undergoing an unprecedented expansion phase, with the AI super investment cycle accelerating this growth. According to JLL, between 2026 and 2030, the global data center industry capacity may double to 200GW, and total spending on data centers could approach USD3 trillion. On the policy front, the 15th Five-Year Plan Outline for the first time dedicates a separate chapter to "digital intelligence," elevating computing power infrastructure to a new strategic level. In recent years, rents and asset values of various types of data centers have grown rapidly, while strong demand for cloud services has firmly supported sector fundamentals. The broker believes that momentum for rent growth and revenue growth is expected to continue this year. Pricing power and high occupancy rates are driving rapid growth in net operating income and EBITDA for data center operators. The broker noted that GDS-SW (09698.HK) and SUNEVISION (01686.HK) are its top picks in Mainland China and Hong Kong, respectively, both rated Buy. Among them, the TP for GDS-SW has been raised from HKD47.64 to HKD56.65, while the TP for SUNEVISION is maintained at HKD8.58. In addition, the broker initiated coverage on VNET Group, Inc. (VNET.US) with a Buy rating and a TP of USD15.76. (sl/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
