SUNeVision (1686.HK) Robust growth of Cloud services lead to new demand to the high tier data centers May 29, 2019

PSR Recommendation: NEUTRAL Status: Maintained
Target Price: HKDHKD 6.12

Investment Summary
SUNeVision is one of the leading carrier-neutral data center operators in Hong Kong,
owned 74.04% by Sun Hung Kai Properties (16.HK). Robust growth of Cloud services
lead to new demand to the high tier data centers, and the Group has a clear plan on
supply for short, medium and long term. Therefore, we believe it will benefit from the
rising popularity in cloud services. We derive a TP of HK$6.12. Due to the recent rally
on stock price, we downgraded the rating to “Hold”. (Closing price at 27 May 2019)

About the author

Profile photo of Terry Li

Terry Li
Investment Analyst

Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.

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