According to analysts John Cheong and Heidi Mo, Valuetronics will invest HK$7.7 million ($1.34 million) in cash for a 55% interest in the joint venture Trio AI, to provide GPU and AI related value added cloud services.
UOB Kay Hian (UOBKH) analysts have kept their “buy” call with a target price of 78 cents for Valuetronics (SGX:BN2
) , on the back of the group’s foray into the artificial intelligence (AI) industry with goals on further expansion in the near term.
On June 24, the original equipment manufacturing company announced a partnership with SinnetCloud Group, an experienced graphics processing unit (GPU) and AI solutions provider affiliated to Shenzhen-listed Beijing Sinnet Technology Co.
