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.