- VNET Group, Inc. is a leading Internet Data Center provider and service company in China.
- The firm offers solutions in three key verticals: Managed Hosting Services (IDC), Cloud Services and VPN Services.
- VNET Group is well-positioned to benefit from multiple strong structural tailwinds, including accelerating enterprise digitalization, increasing demand for data storage and higher cloud-computing workload.
- VNET is also poised to benefit from increasing government support for China's IDC industry.
- Based on a residual earnings valuation, I calculate a base-case target price for VNET of $10.82/share, implying 80% upside potential.
For further details see:
VNET Group: Significant Upside Based On Structural IDC Tailwinds And Government Support