Total Bangun Persada Set to Benefit from Construction Shift to AI Factories
Dow Jones
Yesterday
0642 GMT - Total Bangun Persada stands to benefit from the shift in construction of data centers to artificial-intelligence factories in Indonesia, Bahana Sekuritas analysts say in a research report. These factories run high-performance graphics processing units, dense networking and advanced cooling across the entire AI lifecycle, the analysts say. The factories' scale also increases from tens of megawatts to hundreds of megawatts, with the brokerage identifying a pipeline of around 2.4 gigawatts worth of such facilities for the Indonesian construction company. The brokerage initiates coverage of the stock with a buy rating and a target price of 1,930.00 rupiah. Shares are 7.2% higher at 1,495.00 rupiah.
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