The 7.5 megawatt (MW) data centre will be ST Engineering’s fourth, taking the company’s data centre footprint to over 30MW with a cumulative investment of $400 million.
Maybank Securities analyst Krishna Guha and JP Morgan analyst Shawn Ng have both kept their respective “buy” and "overweight" calls on Singapore Technologies Engineering (SGX:S63
) (ST Engineering) at raised target prices of $4.60 from $4.30 previously and $4.60 from $4.14 previously.
On June 25, the group held the groundbreaking of its new, artificial intelligence (AI)-ready green data centre.
