FINWIRES · TerminalLIVE
FINWIRES

Infratil's Mega Data Centre Deal Exceeds Expectations, Says Jarden

By

-- Infratil's (ASX:IFT) mega data center deal with an unnamed US investment-grade client is materially larger than expected, and underpins a strong buy thesis on the stock, Jarden said in a note on Wednesday.

The company's CDC Data Centres business signed a 30-year agreement with the client for 555 megawatts of capacity. CDC expects EBITDAF to exceed AU$1 billion by fiscal 2028, and reach around AU$2 billion annually once the contract is fully deployed.

The deal, the largest data center contract in Australia, could involve major US hyperscale cloud providers such as Microsoft, Amazon Web Services, or Google. Jarden said the agreement supports a growth premium in CDC's rolled-forward valuation

The risks to the deal include adverse changes in the US energy policy impacting Longroad, higher bond yields, and EBITDA falling short of forecasts, it added.

Jarden provided a buy rating and kept the price target unchanged at NZ$14.56.

Related Articles

Asia

Iress Enters Strategic Partnership With Technology Consultancy

Iress (ASX:IRE) entered a strategic partnership with technology consultancy Thoughtworks to modernize its core platforms and use artificial intelligence to boost growth across its Wealth businesses, according to a Thursday Australian bourse filing.The partnership will focus on data-driven features that complement Iress' technology operating model to increase quality, improve delivery speed, and reduce complexity. It will take a staged, modular approach to application modernization.

$ASX:IRE
Asia

Orica Posts Higher Fiscal H1 Adjusted Earnings, Lower Revenue

Orica (ASX:ORI) reported Thursday fiscal first-half adjusted earnings of AU$0.60 per share, compared with AU$0.533 a year earlier.Analysts polled by FactSet expected earnings of AU$0.58 per share, excluding extraordinary items.Sales revenue for the six months ended March 31 was AU$3.88 billion, compared with AU$3.94 million a year earlier. Analysts surveyed by FactSet expected AU$4.06 billion.The company said it expects fiscal 2026 underlying earnings before interest and taxes to increase across all segments and all regions versus the prior period.The board declared an interim dividend of AU$0.285 per share, up from AU$0.25 a year earlier, payable July 3 to shareholders on record as of May 22.

$ASX:ORI
Asia

Generation Development Group Completes Migration of Managed Discretionary Account Investment Portfolios

Generation Development Group (ASX:GDG) completed the migration of the Xplore Wealth managed discretionary account investment portfolios to Evidentia Group's Implemented Portfolios on the HUB24 platform, according to a Thursday filing with the Australian bourse.The migration of AU$1.8 billion in funds under management (FUM) increases Implemented Portfolios' total FUM to over AU$4 billion, the filing said.

$ASX:GDG