AI DemandSunevision is a key beneficiary of rising AI inferencing demand in Hong Kong, justifying a higher target multiple of 28x 12m EV/EBITDA compared to global peers trading at 23x.
Dividend GrowthExpect dividends to rise with a 14% CAGR from FY6/24 to FY6/27F, supported by an improving growth profile and a declining CAPEX trend, generating sufficient free cash flow to pay dividends.
Market ShareSuneVision's market share in Hong Kong is expected to rise from around 22% to approximately 26% in terms of available IT capacity.