0420 GMT - Keppel stands to benefit from assets including data centers, UOB Kay Hian's Adrian Loh says in a research report. The main attraction of data centers for Keppel is its ability to garner multiple revenue streams from this asset as an owner and operator through various fees and gains from the disposal of assets. The Singaporean company has flagged that it'll seek to expand gross power capacity at data centers by 500 megawatts to nearly 1.2 gigawatts in the near term, the analyst notes. Keppel also has a 'Bifrost' asset, a trans-Pacific cable system which is likely to be a long-term revenue generator. The brokerage raises its target price for the stock to S$9.25 from S$8.86 with an unchanged buy rating. Shares are unchanged at S$6.40.(ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 01, 2024 00:20 ET (04:20 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。