Keppel DC REIT - UOB Kay Hian 2024-06-11: Silver Lining For Guangdong Data Centres

• We saw green shoots of recovery for Guangdong DC1 and DC2. Keppel DC REIT has submitted proposals to requests from several potential tenants, including hyperscalers and AI start-ups. Management focuses on working with Bluesea Development to execute the recovery roadmap to bring Guangdong DC1 and DC2 back on track.
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Generative AI frenzy in China.

• Baidu, Alibaba and Tencent are technology giants developing generative artificial intelligence (AI) and large language models (LLM) in China. They have already launched their ChatGPT-like chatbot, including Baidu’s Ernie Bot, Alibaba’s Tongyi Qianwen and Tencent’s Yuanbao. China also has four newly minted generative AI unicorns in Zhipu AI, Moonshot AI, MiniMax and 01.ai.
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Grooming home-grown AI chipmakers.

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Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-04-21 Keppel DC REIT 1Q25 - Contributions From SGP7 & SGP8 Kick In.

Previous report by UOB:
2025-03-20 Keppel DC REIT - Sustainable Growth In Singapore; Green Shoots In China..

Price targets by 2 other brokers at Keppel DC REIT Target Prices.

Listing of research reports at Keppel DC REIT Analyst Reports.

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