I definitely see Keppel dc reit continuing its upward moment. The demand for AI and technology remains strong and this will drive the demand for data centres in Singapore. This demand will not be met with increased supply as the Singapore government has stated not for additional data centres. This will definitely help drive Keppel dc Reit up.
I have previously evaluated other data centre reits available on the Singapore stock exchange like Mapletree industrial and Ascendas and I like all 3 though their focus and data centre properties differ.
I think now is a good time to buy even though it has hit its 52week high. Analyst put the target price at $3.40 but I think there will be more room to climb especially when rate cuts lend more momentum and I expect its DPU to continue to rise. Of the upcoming ones on 31/7, I am not bullish on them. I am bullish for Ascendas and mapletree industrial as they ride the same wave as kepple dc reit.
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