Day: September 13, 2024

Unbelievably high valuation of data center has led to the entry of other major business groups into the sector. Pretty much like mining, plantation, renewable or nickel, as of today, almost all major business groups have ventured into data center.

Shares of DCI Indonesia (DCII), a data center service provider or data center, jumped 20% to Rp52,200 on Thursday (Sept 12). At this price, DCI Indonesia was worth Rp124.4 trillion (US$8.7 billion) or 50 times equity, one of the most expensive stocks in the market.