The AGM statement points to a new fiscal period that has started well. The momentum seen in the second half of the year is continuing with strong growth opportunities in Smart Machines underpinned by new long term contract wins. Given this growth profile we reiterate our view that this recurring revenue stock is undervalued. Buy.
26 Jun 2019
Cenkos: Vianet Group Plc - Good start to the new year
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Cenkos: Vianet Group Plc - Good start to the new year
Vianet Group plc (VNET:LON) | 104 2.6 2.5% | Mkt Cap: 30.4m
- Published:
26 Jun 2019 -
Author:
Cavendish Research -
Pages:
5
The AGM statement points to a new fiscal period that has started well. The momentum seen in the second half of the year is continuing with strong growth opportunities in Smart Machines underpinned by new long term contract wins. Given this growth profile we reiterate our view that this recurring revenue stock is undervalued. Buy.