Keppel DC REIT - CGS-CIMB Research 2023-08-29: KL Non-Deal Roadshow Highlights

• Investors at our 21-22 Aug 23 KL non-deal roadshow were concerned about the impact of volatile energy prices on Keppel DC REIT (SGX:AJBU)’s profitability, given the high power needs of data centres (DCs).
• - Read this at SGinvestors.io -
• Keppel DC REIT has entered into fixed rate electricity contracts in Singapore and Australia, which will run to end-2024F and end-2023F.

Competition from Johor data centers

• - Read this at SGinvestors.io -
• Singapore data centres will remain in demand given the country’s connectivity and neutrality, Keppel DC REIT said. However, Singapore data centre tenants may employ a hub-and-spoke strategy, offshoring less latency-sensitive functions, making data centres in Johor complementary rather than cannibalistic.

Near-term acquisitions likely to be Japan, Korea third-party assets

• Read more at SGinvestors.io.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.

Read also CGS-CIMB's most recent report:
2024-01-27 Keppel DC REIT - Turning Bearish On Missed Rental Payments.

Previous report by CGS-CIMB:
2023-12-18 Keppel DC REIT - Too Soon To Speculate On Bluesea Fall Out.

Price targets by 3 other brokers at Keppel DC REIT Target Prices.

Listing of research reports at Keppel DC REIT Analyst Reports.

Relevant links:
Keppel DC REIT Share Price History,
Keppel DC REIT Announcements,
Keppel DC REIT Dividend Payout Dates & Corporate Actions,
Keppel DC REIT News