Added to YB: 2026-02-23
Pitch date: 2026-02-19
VNET [bullish]
VNET Group, Inc.
-1.25%
current return
Author Info
Agon Investments is an independent research and investment insights platform led by a team with professional experience in the hedge fund sector. Sign up for the newsletter.
Company Info
VNET Group, Inc., an investment holding company, provides hosting and related services in China. The company offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers’ servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and standby server services.
Market Cap
$23.2B
Pitch Price
$12.00
Price Target
17.30 (+39%)
Dividend
N/A
EV/EBITDA
11.89
P/E
-39.64
EV/Sales
5.00
Sector
IT Services
Category
growth
VNET : Asymmetric AI Infrastructure Opportunity
VNET: China's AI infra supercycle play. Carrier-neutral datacenters in 3 of 8 natl computing hubs w/ 25-30% TCO advantage. ByteDance anchor client doubled capex to RMB160bn in 2025. 9-12mo delivery vs 14-18mo peers. 783MW capacity, 95% util, 98.7% pre-commit. Wholesale mix shift driving 300+bps EBITDA margin expansion to 32-33%. $17.3 PT. Key risks: mgmt execution, Blackstone exit, China-US tensions, customer concentration.
Read full article (8 min)