- On 24 Jun 24, Valuetronics announced that it was entering the AI industry via a partnership with the SinnetCloud Group, which is an experienced graphics processing unit (GPU) and AI solutions provider and affiliated to Shenzhen-listed Beijing Sinnet Technology Co (300383.SZ).
Foray into AI industry with established JV partner.
- - Read this at SGinvestors.io -
- Valuetronics will acquire the GPU-enabled servers and ancillary hardware required for the JV and lease them back to Trio AI for a term of 60 months at a rent calculated to principally cover the preliminary equipment acquisition cost not exceeding HK$60m.
Plans to invest further to grow the JV if it gains traction.
- - Read this at SGinvestors.io -
- We understand that SinnetCloud Group has already started pre-selling the GPU and AI related value-added cloud services even before the formation of this JV. It is targeting Hong Kong-based customers including start-up, fintech, health tech and media tech.
Positive industry dynamics in the GPU and AI related value-added cloud services in Hong Kong.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
John Cheong UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-06-28
Previous report by UOB:
2024-06-05 Valuetronics - FY24 Within Expectations; New Customers To Start The Next Chapter Of Growth.
Price targets by other brokers at Valuetronics Target Prices.
Listing of research reports at Valuetronics Analyst Reports.
Relevant links:
Valuetronics Share Price History,
Valuetronics Announcements,
Valuetronics Dividends & Corporate Actions,
Valuetronics News Articles
