Data Centre REITs - UOB Kay Hian 2024-07-11: Stellar Growth In The U.S.; Changing Landscape In ASEAN

• Our preferred BUYs are Digital Core REIT (target price: US$0.80) and Mapletree Industrial Trust (target price: S$2.78) due to their focus on the US market. CapitaLand Ascendas REIT’s (target price: S$3.44) exposure to data centres is smaller, but it is looking to expand.
• - Read this at SGinvestors.io -

AI propels growth of data centres.

• The launch of OpenAI’s ChatGPT in Nov 22 brought language-capable artificial intelligence (AI) into the mainstream. AI is computationally intensive.
• - Read this at SGinvestors.io -
• According to Cushman & Wakefield, worldwide AI cloud revenue is forecast to grow at CAGR of 72.5% over the next five years, compared to 13.2% for non-AI cloud revenue.

AI to permeate our daily lives.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

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