“Given the earnings potential of its data centres, it should trade at about 30x forward PE like peer SUNeVision (29x forward PE) instead of current implied 13-14x forward PE,” says lead analyst Edison Chen in a Wednesday report.
SINGAPORE (April 19): UOB Kay Hian is maintaining its “buy” on Keppel Tele & Trans (Keppel T&T) with an unchanged target price of $2.51.
As the preferred vendor for cloud-enabled data centres in the region, UOB expects KPTT’s earnings to rebound in 2H17 driven by strong demand for its data centres.
