SUNeVision (1686.HK) Satisfactory results with excellent development of data center business September 20, 2019 22

PSR Recommendation: ACCUMULATE Status: Maintained
Target Price: HKDHKD 6.46

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). The annual results was
satisfactory, which revenue increased by 19% to HK$1.63 billion, and profit attributable
to shareholders of the company increased by 11% to HK$870 million. We update the
rating to “Accumulate”. (Closing price at 27 Sep 2019)

About the author

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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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