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

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

Betting on the Future: Buy Equinix, the Leading Data Center Operator

Asia Data Center REITs: The AI-Driven Generational Investment Opportunity

Keppel DC REIT: An Interesting Play on AI Boom

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>Equinix circumvents seven-year utility grid delays by deploying primary on-site fuel cells, securing crucial power capacity for hyperscale artificial intelligence deployments in constrained Tier-1 markets.</li>
<li>The company boasts an unassailable moat of over 500,000 interconnections, granting immense pricing power and driving 2025 annualized gross bookings to a record 1.6 bn USD.</li>
<li>Management guidance projects 2026 revenue of 10.2 bn USD with EBITDA margins expanding to 51%, presenting a highly compelling long position despite elevated capital expenditures.</li>
</ul>


Equinix circumvents seven-year utility grid delays by deploying primary on-site fuel cells, securing crucial power capacity for hyperscale artificial intelligence deployments in constrained Tier-1 markets.
The company boasts an unassailable moat of over 500,000 interconnections, granting immense pricing power and driving 2025 annualized gross bookings to a record 1.6 bn USD.
Management guidance projects 2026 revenue of 10.2 bn USD with EBITDA margins expanding to 51%, presenting a highly compelling long position despite elevated capital expenditures.


EQIX: AI Power Play and Fuel Cell Moat Drive 51% Margins

Equinix Inc

EQIX: AI Power Play and Fuel Cell Moat Drive 51% Margins