Keppel Telecommunications & Transportation

[KopiKat]

For a data center stock, it trades at an extremely low PE of 10 and Forward PE of 8.x. Compared to other listed peers like Digital Realty Trust which trades at a PE of 55, valuations are undemanding.

A quick check to see if KTT is indeed a Data Center stock by looking at the latest Q311 financials, Segment Analysis (Pg 18 of 22), extracts,

[wrap]
[table=KTT]
Revenue
Income [/table]
[table=Logistics]
65,683
30,931[/table]
[table=Data Center]
20,361
10,690[/table]
[table=Investments]
3,737
32,398[/table]
[table=Consolidated Total]
86,693
74,019[/table] [/wrap]

Whether it's measured in terms of Revenue or Income, it still doesn't account for a large part of their biz. In fact, only 10-20+%. So, I doubt it's going to be going for the same kind of PE. But a subsequent SGX announcement (after Q311 results) of another Data Center investment does suggest they may be moving towards that direction.