Market Position And SynergyStronger synergy with its largest shareholder SDHG in the area of exploration of new business opportunities, collaboration on renewable energy and computing power projects.
Valuation And Financial PerformanceVNET is currently trading at approximately 6x FY25E EV/EBITDA, more than a 40% discount to peer average, which looks undemanding.
Wholesale Business GrowthVNET announced 2Q24 results with revenue up 9% year-over-year, primarily driven by an 81% increase in wholesale business revenue.