ST Engineering - Maybank Research 2024-06-26: Deepening Data Centre Footprint; Building New 7.5MW DC

• ST Engineering is constructing its 4th data centre (DC) in Singapore with installed IT capacity of 7.5MW. The green, secure, AI-ready DC will boost ST Engineering’s DC footprint to > 30MW with a cumulative investment of S$400m.
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Breaking ground for new data centre

• ST Engineering (SGX:S63) held a groundbreaking ceremony for its fourth data centre yesterday. The installed IT capacity is 7.5MW with a Power Usage Effectiveness (PUE) of 1.25. It is designed to accommodate high power density AI and GPU- based workloads in excess of 20KW per rack. It will also have advanced security features.
• - Read this at SGinvestors.io -
• The new DC can also go beyond a Tier 3 rating and meet BCA-IMDA Green Mark Platinum standards.

Strategic & financial merits

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Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-03-20 ST Engineering - Plotting Efficient Growth; Raise Target Price To S$7.10.

Previous report by Maybank:
2025-02-28 ST Engineering - Strong Finish; Upgrade To BUY.

Price targets by 6 other brokers at ST Engineering Target Prices.

Listing of research reports at ST Engineering Analyst Reports.

Relevant links:
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ST Engineering Dividend Payout Dates & Corporate Actions,
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