Monday, June 12, 2023

Keppel DC Reit


Chart wise,  bearish mode!

Likely to see further weakness!

Short term wise,  I think likely to go down to test 2.00 then 1.90 with further extensions to 1.75-1.80.

Pls dyodd.

Quote: Keppel DC Reit will be removed from the index, following the index operator’s June 2023 review.

The exact date is on 19th June 2023.

Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia.

Keppel DC REIT’s investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate and assets necessary to support the digital economy.

Keppel DC REIT’s investments comprise an optimal mix of colocation, fully-fitted and shell and core assets, as well as debt securities issued by NetCo which holds network assets1, thereby reinforcing the diversity and resiliency of its portfolio.

Keppel DC REIT is sponsored by Keppel Telecommunications & Transportation Ltd (Keppel T&T),  a wholly-owned subsidiary of Keppel Corporation Limited. It is managed by Keppel DC REIT Management Pte. Ltd. (the Manager)., a wholly-owned subsidiary of Keppel Capital Holdings Pte. Ltd. (Keppel Capital). Keppel Capital is the asset management arm of Keppel Corporation, and has a diversified portfolio of real estate, infrastructure, data centres and alternative assets in key global markets through its listed REITs and Trust, as well as private funds. The Keppel Group, through Keppel T&T and the private data centre funds has currently over $2 billion worth of data centre assets under development.

The Manager’s key objectives are to provide Keppel DC REIT’s Unitholders with regular and stable distributions, as well as achieve long-term growth through at least 90% of its AUM in data centre investments, while maintaining an optimal capital structure.

1Bonds issued by M1 Network Private Limited (NetCo).

First quarter 2023 DPU rose 3 per cent to 2.541 Singapore cents versus 2.466 cents the year before.

No comments:

Post a Comment