Maybank Initiates Coverage on Keppel DC REIT with Buy Rating and S$2.40 Target Price, Highlighting Growth Potential in AI and Cloud Technologies

Maybank Securities analyst Krishna Guha initiated coverage on Keppel DC REIT (SGX: AJBU) with a "Buy" rating and a S$2.40 target price in a research note. The analysis highlighted the REIT's strong growth potential driven by AI, cloud migration, and digitalization trends. Maybank Research forecasts high demand growth for data centers globally, with Keppel DC REIT positioned to benefit from this trend. The REIT's data centers in Europe and Asia are expected to experience significant growth. Units of the REIT are trading 1.3% higher at S$2.28.

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07-18
Maybank Initiates "Buy" on Keppel DC REIT With S$2.40 Target, Citing AI And Cloud-Driven Growth Potential​
Maybank Initiates "Buy" on Keppel DC REIT With S$2.40 Target, Citing AI And Cloud-Driven Growth Potential​

User Discussion

I think the report forgets to mention that the managers buy an asset in China and lease it back to the seller - and they default on the rent indefinitely and basically tell them they can do nothing about it because nobody else will rent it. The courts will not help and the client basically monetised their assets laughed at them and still get to use the building for free. Just a very poor reflection on management, competence and governance. I would not buy. 
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