BUZZ-Citi spots upswing in Australia's Goodman Group's global data centre expansion

Reuters

Jan 03, 2025

** Citi says Real estate group Goodman is building technical teams worldwide, hinting at an uptick in data centre development

** Brokerage maintains "buy" rating at a price target of A$40/share

** Notes GMG's recent job postings for data centres in Melbourne, Dusseldorf, France, others, with live roles also in the Netherlands, Luxembourg, and Milan, indicating a global expansion

** Sees co's ongoing 400MW development to see significant kick-offs in 2025 across Europe, Japan, Hong Kong, and Australia, with detailed updates and positive outcomes expected at 1HY results

** 7 of 10 analysts rate the stock "buy" or higher with 3 as "hold" or lower; their median PT is A$37.85 – LSEG data

** Stock last year gained ~41%

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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their median PT is A$37.85 – LSEG data</p><p>   ** Stock last year gained ~41%</p><p> (Reporting by Kumar Tanishk in Bengaluru)</p><p>((Tanishk.Kumar@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2500590255","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500590255","pubTimestamp":1735852884,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Citi says Real estate group Goodman    is building technical teams worldwide, hinting at an uptick in data centre development   ** Brokerage maintains \"buy\" rating at a price target of A$40/share   ** Notes GMG's recent job postings for data centres in Melbourne, Dusseldorf, France, others, with live roles also in the Netherlands, Luxembourg, and Milan, indicating a global expansion   ** Sees co's ongoing 400MW development to see significant kick-offs in 2025 across Europe, Japan, Hong Kong, and Australia, with detailed updates and positive outcomes expected at 1HY results   ** 7 of 10 analysts rate the stock \"buy\" or higher with 3 as \"hold\" or lower; 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their median PT is A$37.85 – LSEG data   ** Stock last year gained ~41% (Reporting by Kumar Tanishk in Bengaluru)((Tanishk.Kumar@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}