In the ever growing field of the data center industry, we speak with Maybank’s TMT specialist Hussaini Saifee, who expects data centre demand in ASEAN to increase at 20% CAGR till 2028 with the total addressable market estimated at USD11b/yr. Structural drivers include: 1) Under penetration: ASEAN supply is 55-70% below that of US, CN, KR & JP; 2) AI: helps ASEAN companies in the global supply chain; 3) ASEAN as a global DC hub: geopolitics, conducive upstream supply & favourable unit economics. Additionally, Hussaini believes the risk of over-supply is overhyped: build commitment is just 40% of announcements. This podcast also highlights key opportunities & stock picks across entire DC value chain.

Timestamps for the podcast:

01:33 - Maturity of data center markets in developed countries vs ASEAN

03:43 - Data center capacity supply/demand dynamics

09:30 - Tiering ASEAN data center market segments

14:27 - Geopolitics and the relevance of ASEAN's positioning as data center hub

18:40 - Moore's Law and data center economics

30:32 - Renewable energy infrastructure

31:57 - Picking winners in ASEAN

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