Australia's Goodman Group's latest Hong Kong data centre partnership inline with Citi's expectation

Goodman

06/07/2025 20:18

** Citi says Goodman Group's GMG.AX $2.7 billion Hong Kong

data centre partnership inline with brokerage's expectation of growth in company's data center pipeline

** Brokerage expects company to secure more capital partnerships for its 5GW (gigawatts) pipeline given its strong reputation in project delivery, strategically located data centre pipeline, others

** 10 of 11 analysts rate the stock "buy" or higher and one "hold"; their median PT is A$38.77 – LSEG data

** Stock's YTD losses at 1.7%

 (Reporting by Anjali Singh in Bengaluru; Editing by Lisa Shumaker)

 ((anjali.singh2@thomsonreuters.com))