Keppel DC Reit *Official* (SGX: AJBU)

sebastgt

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What are the chances of it going higher when listed?
My experience with the earlier IPO Frasers Hospitality Trust is only 2 cents up. Would this one be better?
 

havetheveryfun

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What are the chances of it going higher when listed?
My experience with the earlier IPO Frasers Hospitality Trust is only 2 cents up. Would this one be better?

no one knows unless they are fortune teller.

and 2 cents up is still better than 10 cents down
 

tiny

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The properties include:
• S25 and T25 in Singapore - Southeast Asia's data centre hub;
• Gore Hill Data Centre in Sydney, Australia - a main data centre hub in Australia
• iseek Data Centre in Brisbane, Australia - a key data centre hub in Australia
• Basis Bay Data Centre in Cyberjaya, Malaysia - multimedia internet super corridor in Malaysia;
• GV7 Data Centre in London, the United Kingdom - Europe's data centre hub;
• Almere Data Centre in Amsterdam, the Netherlands, with proximity to major European trading hubs; and
• Citadel 100 Data Centre in Dublin, Ireland - Europe's cloud computing hufb.

The data centres in Keppel DC REIT's IPO Portfolio have been designed and built to attract well established customers. The IPO Portfolio currently enjoys a high occupancy rate of 93.5% and a high customer retention rate of 97.8% from its diverse customer base that includes Fortune 500 and S&P 100 companies, government-related entities, MNCs and financial institutions.

Website: Keppel Corporation - Keppel DC REIT registers Prospectus for first data centre REIT to be listed in Asia

93% occupancy rate only...
 

w1rbelw1nd

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93% occupancy rate only...

93% compared with what? the commercial reits? The shopping mall reits?

I dont see how 93% is bad... Considering that other REITS have higher occupancy, higher gearing, but yield is around the same as DC REIT, I think DC reit has its own strength and selling point.
 

Minx99

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93% compared with what? the commercial reits? The shopping mall reits?

I dont see how 93% is bad... Considering that other REITS have higher occupancy, higher gearing, but yield is around the same as DC REIT, I think DC reit has its own strength and selling point.
I personally feel it would be better if Kep T&T had included both its logistics & data centre into this reit. It would provide some diversification. What if Data Centres become obsolete one day?
 

Bedokian

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I personally feel it would be better if Kep T&T had included both its logistics & data centre into this reit. It would provide some diversification. What if Data Centres become obsolete one day?

With the prevalence of The Cloud, that one day would be a very long time.
 

w1rbelw1nd

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I personally feel it would be better if Kep T&T had included both its logistics & data centre into this reit. It would provide some diversification. What if Data Centres become obsolete one day?

I don't know if you understand KTT business well enough. Their main logistics business is 3pl, which includes packaging, warehouse management, trucking etc. They don't do warehouse rental like reits like mlt or cambridge.

How can you REIT a logistics service? You cannot do it.

Anyway investors can diversify if they want to. No one stopping them from holding KTT shares ...
 

commie_rick

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it is true that keppel is a stable brand name.

keppel reit and and keppel DC reit are pretty much similar as they are exposed to foreign currency exposure and both have substantial amount of properties in australia and uk.

cloud data centres is on the rise. agree, but australia and uk arent known for providing such services. the malaysia DC is good. cyberjaya is a cluster IT park. however i would be more interested if majority of the data centres, they (keppel) own are at india. lots of foreign banks and mnc host their data centres there. Ascendas is leading in that area. that also explains why keppel is not competing with them in that country.

nonetheless any ipo is a gamble. price going up or down, it is anyone's guess :(

up for more advises from experts !
 

sebastgt

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SINGAPORE - The initial public offer (IPO) of Keppel DC Reit was launched on Friday.

It is Asia's first Reit with a portfolio focusing on data centres. The IPO was launched amid strong market anticipation that its eight data centres in Singapore, Malaysia, Australia, the UK, Ireland and the Netherlands will ride the global growth in demand for specialised facilities to host cloud computing and e-commerce services.

The Reit will be managed by Keppel DC Reit Management, a wholly owned subsidiary of Keppel Telecommuncations & Transportation, which owns the data centres.

The offer opens Friday night at 9pm and closes on Dec 10 at 12pm. The offer includes 53.763 million shares for the public at 93 cents per share, along with over 207 million international placement shares. The placement shares were 24.4 times subscribed by institutional investors. Trading commences Dec 12 at 2pm.
- See more at: IPO of Keppel DC Reit launched - Companies News & Top Stories - The Straits Times

Is it logical to assume that since private placement is >24 subscribed, indicating strong interest by the big boys, the IPO price has a high chance of going up in the first few days of listing?
 
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