Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

Edge Inference: Profiting from AI Decentralization and Grid Constraints

NVDA’s CES 2026: Architectural Implications for Data Center Operators GDS and VNET

US Data Centers: AI-Driven Demand Outpacing Supply - BUY EQUINIX (EQIX)

LONG GDS: A High-Beta Asia Digital Infrastructure DC Operator

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>AMT is uniquely positioned to dominate edge computing, utilizing its 10.1 bn US dollars CoreSite acquisition to deploy sub-10ms latency data centers directly at its cell towers.</li>
<li>AMT identified over 1000 owned sites capable of supporting multi-megawatt facilities, leveraging pre-secured zoning and power to deploy these high-margin units in just 18 months.</li>
<li>Offering a 4.9x net leverage ratio and 50% data center operating margins, AMT represents a compelling, risk-adjusted Buy in the 200 bn US dollars edge infrastructure sector.</li>
</ul>


AMT is uniquely positioned to dominate edge computing, utilizing its 10.1 bn US dollars CoreSite acquisition to deploy sub-10ms latency data centers directly at its cell towers.
AMT identified over 1000 owned sites capable of supporting multi-megawatt facilities, leveraging pre-secured zoning and power to deploy these high-margin units in just 18 months.
Offering a 4.9x net leverage ratio and 50% data center operating margins, AMT represents a compelling, risk-adjusted Buy in the 200 bn US dollars edge infrastructure sector.


American Tower: Monetizing the AI Edge Data Center Revolution