Equity Analysis /
Singapore

SG : Keppel DC REIT - Deepens footprint in China

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    20 June 2022
    Published byCGS-CIMB

    KDC REIT is acquiring two data centres in Guangdong for S$297.1m Deal to be DPU accretive, acquisition to be funded by debt and equity Reiterate Add with a slightly higher DDM-based TP of S$2.63