UBS report on datacenter

Cannot upload cos file too big. 

But here's summary: 

The data centre (DC) story has been a strong driver for Malaysia, with Microsoft, Google, Amazon and ByteDance collectively announcing investments of around US $12bn (about RM60bn). To attempt to  answer key investor questions we have looked at the implications of these investments across the entire Malaysian market. While we think investor concerns about oversupply are partly warranted in the short term, long-term trends are robust (15% supply and demand CAGRs for 2024E-50E) with AI demand set to balance the market, in our view. Our analysis of global cloud regions suggests land demand in Malaysia of 32-249  acres pa over H224-2028, positive for developers. DC-related sectors including construction, utilities and property, as well as Telekom Malaysia (TM), are up 22-37% YTD and  we expect further upside for TNB, TM, Mah Sing and global DC operator GDS.

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UBS report on datacenter

Cannot upload cos file too big. 

But here's summary: 

The data centre (DC) story has been a strong driver for Malaysia, with Microsoft, Google, Amazon and ByteDance collectively announcing investments of around US $12bn (about RM60bn). To attempt to  answer key investor questions we have looked at the implications of these investments across the entire Malaysian market. While we think investor concerns about oversupply are partly warranted in the short term, long-term trends are robust (15% supply and demand CAGRs for 2024E-50E) with AI demand set to balance the market, in our view. Our analysis of global cloud regions suggests land demand in Malaysia of 32-249  acres pa over H224-2028, positive for developers. DC-related sectors including construction, utilities and property, as well as Telekom Malaysia (TM), are up 22-37% YTD and  we expect further upside for TNB, TM, Mah Sing and global DC operator GDS.

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