As of July 2020, Australian data centre operator NextDC has 11 data centres around Australia, with facilities in Melbourne, Sydney, Brisbane, Perth, and Canberra. This company is the largest independent Data Centre operator in Australia. NextDC offers a single national data centre and connectivity solution in Australia across a number of facilities. Raymond Chan says he likes NXT.
“NXT has a strong first half of 2021 result and upgraded guidance for the year ahead. Structural demand for Cloud and colocation remains incredibly robust and NXT should continue to benefit from this,” Raymond says.
“We also think a significant portion of options will get exercised in the next 12 months.
“NXT looks comfortably on-track to generate $200-$300 million of EBITDA in the next five years and confidence in this trajectory should drive its share price higher.
“A key risk relates primarily to overall equity market volatility and valuation implications, should interest rate rise,” he concludes.
Source: Google
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