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Keppel DC Reit *Official* (SGX: AJBU)

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Old 07-12-2014, 07:37 PM   #31
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quarterly dividend payouts or every 6 mths?
You obviously can't even be bothered to read the prospectus
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Old 07-12-2014, 07:41 PM   #32
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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?
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Old 07-12-2014, 08:54 PM   #33
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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.
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Old 07-12-2014, 09:01 PM   #34
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distribution frequency is half-yearly. Details can be found here.

Last edited by makeupconnect; 07-12-2014 at 09:17 PM..
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Old 07-12-2014, 09:43 PM   #35
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Huat ahhhhhhhhhhhh

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Old 07-12-2014, 11:48 PM   #36
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With the prevalence of The Cloud, that one day would be a very long time.
Food for thought:

SGX's Nov glitch stemmed from data centre at Keppel Digihub: sources, Stocks - THE BUSINESS TIMES

Whenever there is an outrage at the data centre, who compensates for the clients' damage?
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Old 08-12-2014, 12:02 AM   #37
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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 ...
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Old 08-12-2014, 09:43 AM   #38
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Keppel DC REIT | Investment Moats - Stock Market Investing
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Old 08-12-2014, 09:55 AM   #39
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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

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Old 08-12-2014, 10:24 AM   #40
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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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Old 08-12-2014, 12:05 PM   #41
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Not true.
SS private placement recently at 0.67 was already discounted price, shortly after, drop drop until now still haven't recover to private placement price.
Hence, big boys interest can also mean future drop.

Hmmmm... Isn't that how all market crash starts? Hee.
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Old 08-12-2014, 12:32 PM   #42
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Sg so exp the only reason pple want their data centres set up here is because of the stable n fast network here?
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Old 08-12-2014, 03:18 PM   #43
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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 !
Agree, cyberjaya is a cluster IT park. Unfortunately, malaysia is not a big revenue contributor at this point in time. Instead, it is the australia DC that is a bigger contributor, after Singapore.
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Old 08-12-2014, 08:30 PM   #44
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I personally think give it a miss.
Looking at dc stock oversea, not doing well.

What is the moat in the reit? Maybe only keppel in dc.
But think not difficult for company to shift to DC hosted oversea.

But if looking at return cagr, will dc keep increasing in future?
Tech hard to predict, maintainence cost will be high.
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Old 08-12-2014, 09:50 PM   #45
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I personally think give it a miss.
Looking at dc stock oversea, not doing well.

What is the moat in the reit? Maybe only keppel in dc.
But think not difficult for company to shift to DC hosted oversea.

But if looking at return cagr, will dc keep increasing in future?
Tech hard to predict, maintainence cost will be high.
digital realty since listing in 2004 have a CAGR of 20% per year if i am not wrong.

another one is equinix which is even crazier but its more of a co-lo service provider
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