VNET Group: Staying A Bull On Favorable Developments And Q2 Expectations

  • I retain my Buy rating on VNET after previewing its second-quarter earnings and assessing major external events. VNET Group stands to benefit from the improved chip supply in China and the success of its peer's REIT listing. The company's Q2 results should impress, considering its recent guidance raise and data center power utilization growth in one of its key markets.