KeppelT&T

KeppelT&T: CIMB upgrades from Hold to Add, adjusts TP up from $1.87 to $1.93. Listing of KPTT’s data centres monetizing the assets and proceeds can be used to invest in new data centres assets, and the recycling process repeats. Though there will be earnings loss, new contributions from Keppel Datahub 2, Tampines Logisticss Park and three new logistics parks in China will make up the earnings shortfall.