Subject: Data Center Energy Thesis — Mapping 16 IDX-Listed Stocks Behind Southeast Asia's Data Center Boom KSI Research has just released its latest thematic report: Data Center Energy Thesis. The report maps 16 IDX-listed stocks by strength of evidence, revenue source, and investment catalysts in the data center sector. The key finding: Indonesia's real edge isn't the cheapest electricity tariff, but reliable 24/7 power supply that can scale with demand. From ISAT, DCII, TLKM to POWR and MGLV — the report breaks down who's already benefiting today, and who's still just upside potential. It also covers S&P Global's projection that Southeast Asia's data center power demand will reach 16.4 GW by 2035, with Indonesia poised to capture ~14% of that. Prepared by Liza Camelia Suryanata, Head of Research - KIWOOM SEKURITAS INDONESIA