- New data centre announcements continue to accelerate in ASEAN with more potential power demand being underwritten as these data centres ramp up.
Growth opportunities from AI
- For instance, Google has announced a US$2b investment in Selangor, Malaysia to develop a data centre and cloud hub, while Singapore has announced a Green Data Centre Roadmap to provide at least 300MW of additional capacity in the near term, with much more through green energy deployments. This is to support the country’s ambitions for the digital economy as demand for AI and computing grows.
- - Read this at SGinvestors.io -
Growing its Vietnam Singapore Industrial Parks portfolio
- Meanwhile, Sembcorp also announced recently the addition of three Vietnam Singapore Industrial Parks (VSIP) to its portfolio. These new projects build on the group’s extensive presence in the northern, central, and southern regions of Vietnam, where each region presents unique locational advantages for the manufacturing industry.
- - Read this at SGinvestors.io -
- Including the new projects, Sembcorp Industries has participated in the development of 18 VSIPs with total licensed land area of 11,588 hectares.
Monitoring capital recycling efforts
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-06-03
Previous report by OCBC:
2023-12-06 Sembcorp Industries - In The Midst Of Transformation.
Price targets by other brokers at Sembcorp Target Prices.
Listing of research reports at Sembcorp Analyst Reports.
Relevant links:
Sembcorp Share Price History,
Sembcorp Announcements,
Sembcorp Dividends & Corporate Actions,
Sembcorp News Articles
