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 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,
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