Bought 17,500 shares of Keppel DC REIT at $2.28 on 20 Jan.
Reason for buying:
1) 52w low
Past 1 year, KDC share price is ugly (1 way down).
In term of fundamental, I don't think there is much different except on 28 Apr, KDC announced that they will not be pure DC play anymore (Expansion of Investment Mandate).
However, KDC had state that at least 90% of AUM will continue to be data centres.
This is similar to you would like to allocate max 10% of your portfolio to cryptocurrency. Sounds fine and good with me.
2) Premium to NAV dropped to +85% as compare to +101.6% 3 months ago
3) >$2b potential DC asset from sponsor pipeline
This is important to ensure there will be growth in AUM & dividend payout.
4) M1 NetCo Bonds and Preference shares
I am not sure why some shareholders doesn't like this M1 opportunity. I think it is alot better than the Mapletree merger (My thoughts on MCT (Ketchup) x MNACT (Chili) = MPACT (Nacho cheese))....
