Data centre operator Sunevision's FY revenue rises 6% on AI demand

SUNeVision Holdings

01/09/2026 10:11

Overview
Hong Kong data centre operator's FY revenue rose 6% on strong demand for AI workloads
Profit attributable to shareholders increased 17%, aided by lower borrowing costs
Company accelerated MEGA IDC expansion to meet high occupancy and customer commitments

Outlook
Company expects robust demand for high-density, AI-related data centre capacity in Hong Kong
Sunevision is accelerating MEGA IDC Phase Two build-out, targeting completion in 2028
Company says it will maintain disciplined capital allocation and prioritize long-term value creation

Result Drivers
AI-DRIVEN DEMAND - Co said strong demand for premium data centre infrastructure was fuelled by hyperscale customers seeking large-scale AI deployments
NEW FACILITIES & ORGANIC GROWTH - Recurring revenue grew due to contributions from newly commissioned facilities and sustained organic growth from established portfolio
LOWER BORROWING COSTS - Earnings growth was aided by reduced finance costs from a more favourable interest rate environment

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
HK$3.12 bln
 
FY Net Income Attributable
 
HK$1.15 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Sunevision Holdings Ltd is HK$8.59, about 75.1% above its August 31 closing price of HK$4.91
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-09-01/33b74213-d675-4f87-8fd0-25a950bc55ff.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)