share_log

美银证券：首予新意网(1686.HK)买入评级 目标价9港元

Bank of America Securities: First purchase of Xinyi.com (1686.HK) with a rating target price of HK$9

格隆滙 ·  Dec 9, 2021 12:45

Bank of America Securities gave Xinyi.com (1686.HK) a “buy” rating for the first time, with a target price of HK$9. According to the bank, Xinyi.com has a solid market leading position in the Hong Kong Internet data center market. The data center to be completed will meet the steady rise in demand, and its profit compound annual growth rate is expected to be 14.7% from 2020 to 2024. Because there are few data center service providers with similar attributes in Hong Kong, I think Xinyi.com has pricing power.

Bank of America Securities said that 3 new data centers will be put into use in the next 1-2 years, and the total floor area of Xinyi.com will double from the current 1.4 million feet to 2.9 million feet. This will greatly increase Xinyi.com's data service revenue.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment