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Keppel DC Reit
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Keppel DC Reit
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huattuatua
Elite |
15-Dec-2023 16:53
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yup agreed
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halleluyah
Supreme |
15-Dec-2023 16:23
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almost sin $9 million wor...its a vry huge amt....4mth rental boh lui settle....
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huattuatua
Elite |
15-Dec-2023 15:55
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walau, tenants in rental arrear will cause this reit to plunge by 20 cts, siong man | ||||
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PiRPiR
Master |
15-Dec-2023 14:47
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ANNOUNCEMENT
ISSUE OF LETTER OF DEMAND FOR DEFAULT ON RENT AND COUPON PAYMENTS IN RELATION TO GUANGDONG DATA CENTRES 1, 2 & 3 Keppel DC REIT Management Pte. Ltd., in its capacity as manager of Keppel DC REIT (the ?Manager?), wishes to announce that its indirect wholly-owned subsidiary in the PRC, KDCR Guangdong Co., Ltd. (the ?Landlord?), has today issued a letter of demand (the ?Letter of Demand?) to its tenant, Guangdong Bluesea Data Development Co., Ltd (the ?Tenant?), under the lease agreements (the ?Lease Agreements?) in relation to Guangdong Data Centres 1, 2 & 3 (including all of its premises, facilities and equipment as well as auxiliary and supporting facilities) (the ?Properties?) and the framework agreement (the ?Framework Agreement?) in relation to Guangdong Data Centre 31, (a) to recover sums in arrears to-date of RMB 48.3 million (equivalent to approximately S$9.1 million)2, comprising (i) rental arrears of four months and coupon due as at 15 December 2023 of RMB 45.0 million (equivalent to approximately S$8.5 million) and (ii) recoveries including late payment interests and real estate taxes of RMB 3.3 million (equivalent to approximately S$0.6 million (collectively, the ?Sums In-Arrears?) and (b) to request for a top up of security deposits of RMB 32.2 million (equivalent to approximately S$6.0 million) (?Security Deposits?)3. The Landlord is and has been in close discussion with the Tenant and had at the request of the Tenant agreed to instalment payments and top up of security deposits. The Tenant performed its obligations in relation to such instalment payments up to October 2023, but the latest payment that was due in end November 2023 was not duly paid. Accordingly, the Letter of Demand has been issued today requiring the Tenant to, among others, make timely payment of the Sums In-Arrears and top up the Security Deposits, failing which Keppel DC REIT, through the Landlord, can take such actions as it may deem fit. Keppel DC REIT has also, through the Landlord, served a letter on the Tenant reserving all and any rights and remedies that the Landlord may be entitled to in connection with the Framework Agreement, including but not limited to the right to terminate the Framework 1 Please refer to the announcements made by Keppel DC REIT on 26 July 2021 and 20 June 2022 for further details of the Lease Agreements and the Framework Agreement. 2 Unless otherwise stated, certain RMB dollar amounts in this announcement have been translated into Singapore dollar on the illustrative exchange rate of RMB1.00 to S$0.1873. Where applicable, figures and percentages are rounded to one decimal place, and any discrepancies between the listed amounts and totals thereof are due to rounding. 3 As certain amounts from the security deposits provided by the Tenant under the Lease Agreements were deducted by the Landlord to satisfy a part of the unpaid rent, a top up of the security deposit is required to be furnished by the Tenant under the Lease Agreements. 1Agreement and related transaction documents relating to the acquisition of Guangdong Data Centre 31. The Manager continues to explore all options to seek full recourse against the Tenant for its breach of the Lease Agreements and Framework Agreement. The Properties contributed approximately 8.5% of Keppel DC REIT?s Gross Revenue for the third quarter ended 30 September 2023. On a full year basis, if the rent, coupon, and recoveries in relation to the Properties as at 31 December 2023 cannot be recovered, it is estimated that there will be a negative impact on Keppel DC REIT?s FY2023 distribution per unit (?DPU?) of approximately 0.655 cents, an amount representing 6.4% of Keppel DC REIT?s FY2022 DPU. The Manager will make the relevant announcements on SGXNET in accordance with the Listing Manual of the SGX‐ ST as and when there are material developments in this matter. In the meantime, unitholders of Keppel DC REIT are advised to exercise caution when dealing in the units of Keppel DC REIT. By Order of the Board Keppel DC REIT Management Pte. Ltd. (Company Registration No. 199508930C) as manager of Keppel DC REIT Chiam Yee Sheng / Darren Tan Company Secretaries 15 December 2023 |
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erhaier
Senior |
13-Dec-2023 16:47
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Thanks for the tip Master Squirrel.!
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Secret_Squirrel
Elite |
12-Dec-2023 10:45
Yells: "Stay curious but skeptical" |
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Already taken profit in the morning. This counter usually chiong about 2 to 3 cents in the early morning and then price gostan a bit after that. But today seems to chiong more than 3 cents before price gostan to 2.00. Want to take profit must be early in the morning. Better to queue the day before at 17.21pm to be at the top of the queue.
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erhaier
Senior |
12-Dec-2023 10:32
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big f buy high sell low funds now fomo into this ... take profit be a road runner now. | ||||
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lowcp1988
Member |
11-Dec-2023 23:40
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The Edge Singapore | Global trade to drop 5% this year amid geopolitical headwinds
https://www.theedgesingapore.com/news/global-economy/global-trade-drop-5-year-amid-geopolitical-headwinds I think we have to be wary of the economy next year
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lowcp1988
Member |
11-Dec-2023 23:36
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but given the uncertain economic and political climate, the price may drop and it may take a long time for dividends to cover the losses. I think its not the time to enter yet
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lowcp1988
Member |
11-Dec-2023 23:34
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but the rally to $2 is made on decreasing volume, so it may not last. I think with the current uncertain economic and political climate, it may drop back to $1.70
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Secret_Squirrel
Elite |
11-Dec-2023 16:45
Yells: "Stay curious but skeptical" |
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This counter seems to have this pattern of up more in the morning then retrace a bit in the afternoon. 
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mav1ryan
Veteran |
11-Dec-2023 13:25
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As long they issue dividends, I really don' t care much about their fluctuating share values. :-)
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Secret_Squirrel
Elite |
11-Dec-2023 11:53
Yells: "Stay curious but skeptical" |
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Now price already $2.
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PiRPiR
Master |
08-Dec-2023 22:19
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Keppel DC Reit issues S$90 million floating rate notes
Published Fri, Dec 08, 2023 · 6:26 pm https://www.businesstimes.com.sg/companies-markets/reits-property/keppel-dc-reit-issues-s90-million-floating-rate-notes |
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Secret_Squirrel
Elite |
07-Dec-2023 12:52
Yells: "Stay curious but skeptical" |
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If you bought below $1.90, then now huat a bit. Else if you bought above $1.90 but below $1.99, you smile a bit. Else if you bought $2.00, then good luck to you for the coming year. end.
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kiseki_2818
Master |
07-Dec-2023 11:18
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so happy back to $2, huat huat to the banks. 😄 😄
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jpts66
Member |
06-Dec-2023 20:59
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Assess these 2 risks for Keppel DC REIT to avoid regret https://youtu.be/Vzb6Rp8xWHg?si=Ol4FCzqpGZubu-X3 | ||||
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lowcp1988
Member |
06-Dec-2023 20:41
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I read the article. it highlights the possible downsides for keppel dc reit, with the existing instabilities and high interest rates, I think keppel dc reit will drop over the long run
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PiRPiR
Master |
05-Dec-2023 19:53
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Data centre dilemma: Is Keppel DC REIT a buy or sell?
9 hours ago0 4 minute read https://fifthperson.com/keppel-dc-reit-buy-or-sell/ |
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lowcp1988
Member |
03-Dec-2023 10:38
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I dont think so. given the political unrest around the world, high interest rates and bad property market in China, I think it may drop further to $1.50 next year
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