
14 Jun 2022
Cenkos: Vianet Group Plc -- Rebound and path to sustained growth
Smart Machines is trading above FY20A levels, as investment in technology and sales resource has driven material new contract wins. Smart Zones has rebounded as the rate of site closures has faded and new sales opportunities grow. Vianet is on track for shortly reaching pre-pandemic levels of profitability on a run-rate basis and surpassing it in FY24E. The share price should be trading close to 2019 levels implying 100%+ upside.

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Cenkos: Vianet Group Plc -- Rebound and path to sustained growth
Vianet Group plc (VNET:LON) | 94.0 0 0.0% | Mkt Cap: 27.0m
- Published:
14 Jun 2022 -
Author:
Cavendish Research -
Pages:
6 -
Smart Machines is trading above FY20A levels, as investment in technology and sales resource has driven material new contract wins. Smart Zones has rebounded as the rate of site closures has faded and new sales opportunities grow. Vianet is on track for shortly reaching pre-pandemic levels of profitability on a run-rate basis and surpassing it in FY24E. The share price should be trading close to 2019 levels implying 100%+ upside.