Keppel DC REIT started at "outperform", $1.10 target by Credit Suisse

Stock Name: Keppel DC Reit
Company Name: KEPPEL DC REIT

Research House: Credit Suisse

Price Call: BUY

Target Price: 1.10

SINGAPORE (Jan 13): Credit Suisse has started coverage on Keppel DC REIT with an "outperform" rating and a price target of $1.10.

The REIT, which owns eight data centres in Singapore, Australia, Malaysia, the UK, the Netherlands and Ireland, is a proxy to growing data usage worldwide and will benefit from rising demand for data centres, Credit Suisse analysts Yvonne Voon and Daniel Lim wrote in a note today.