GMG closed up +2.2% on Wednesday, taking its recovery from this week’s low to +7% and counting. We believe GMG’s expansion into data centres is an excellent strategic move, with demand for such facilities outstripping supply, as this new growth trend appears to be only in its infancy, i.e. the surge in development of e-commerce and artificial intelligence, to name but two generates the demand for data storage which translates directly into the demand for data centres.
- We are initially targeting the $25 area for GMG or another 15-20% higher.
MM remains long and bullish toward GMG
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