Keppel Telecommunications & Transportation

[egghead]

Thanks all for the clarification about data center business.

[KopiKat]

Hey! Interestingly, I stumbled on an announcement from HLFin that'd awarded a Data Centre contract to ST Electronics (part of STEng), 3 threads I'd posted on recently!

Extracts,

Hong Leong Finance’s new data centre will be designed and built according to stringent specific requirements and will be housed at The Fort, where ST Electronics provides data centre facilities. This data centre infrastructure will meet Tier 3 requirements of the TIA 942 classification standard and will support the finance company’s daily operations. Work on the data centre will commence immediately and is expected to be completed by the end of 2011.
.
.
ST Electronics ventured into providing large scale data centre co-location in 2008. Its current facility, The Fort, provides some 132,000 sq ft of gross floor area which is tailored to exceed Tier 3 standard, and can be customised to meet the needs of its clients. The Fort also offers full support ranging from an array of power supply, carrier neutral communications systems, multiple levels of security and 24x7 monitoring by onsite trained engineers.


What I learnt,

1) STEng (thro' ST Electronics) is also in the Data Centre biz
2) High CAPEX for Data Centre, perhaps a large part of CAPEX comes from the initial setup for Tier XX compliance.

[Musicwhiz]

Business Times - 29 Mar 2012

Keppel T&T unit in China logistics park venture

The park is a joint venture with the Jilin City government

By JOYCE HOOI

A UNIT of Keppel Telecommunications & Transportation (Keppel T&T) will develop and operate the Sino-Singapore Jilin Food Zone International Logistics Park as part of a joint venture with the Jilin City government.

The joint venture agreement, which was announced yesterday, will see the setting up of a joint-venture company - Jilin Sino-Singapore Food Zone International Logistics Co Ltd.

Keppel T&T, through wholly owned subsidiary Keppel Jilin Food Logistics Park Pte Limited, will own 70 per cent of the joint-venture company, with Jilin Sino-Singapore Food Zone Development Co Ltd owning the other 30 per cent. The latter was registered by the Jilin City government for the development of the Sino-Singapore Jilin Food Zone project.

The joint venture firm will have a registered capital of 200 million yuan in cash, which will be contributed by both parties in proportion to their stake.

The logistics park will be developed in phases, the first of which will cost an estimated 598 million yuan. This first phase will span about 40 hectares and have about 44,000 square metres of warehouse space fitted with cold room facilities, a modern cross-docking hub and a centralised transportation hub.

It will also have space for offices and more than 1,000 units of wholesale shops. Operations are expected to start in 2014.

Once completed, the whole park will take up 114 hectares of land.

It will be accessible through major expressways and there are plans for a railway line that services the park, as well.

'The Sino-Singapore Jilin Food Zone Logistics Park is a key component of our strategy in strengthening Keppel T&T's foothold and presence in the northern regions of China,' said Pang Hee Hon, Keppel T&T's CEO.

'By leveraging Keppel T&T's expertise in third party logistics and cold chain services, the (joint venture firm) will not only be the operator of the logistics park, but also provide integrated logistics services.'

This joint venture company will enjoy the distinction of being the only food logistics park operator within the Food Zone, Keppel said yesterday.

This project is not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for this financial year.

[Louhan]

Keppel T&T has just reported a drop of 30% net profit, and declared a dividend of 3.5 cents (same as last year).

Business Times - 29 Mar 2012

Keppel T&T unit in China logistics park venture

The park is a joint venture with the Jilin City government

By JOYCE HOOI

A UNIT of Keppel Telecommunications & Transportation (Keppel T&T) will develop and operate the Sino-Singapore Jilin Food Zone International Logistics Park as part of a joint venture with the Jilin City government.

The joint venture agreement, which was announced yesterday, will see the setting up of a joint-venture company - Jilin Sino-Singapore Food Zone International Logistics Co Ltd.

Keppel T&T, through wholly owned subsidiary Keppel Jilin Food Logistics Park Pte Limited, will own 70 per cent of the joint-venture company, with Jilin Sino-Singapore Food Zone Development Co Ltd owning the other 30 per cent. The latter was registered by the Jilin City government for the development of the Sino-Singapore Jilin Food Zone project.

The joint venture firm will have a registered capital of 200 million yuan in cash, which will be contributed by both parties in proportion to their stake.

The logistics park will be developed in phases, the first of which will cost an estimated 598 million yuan. This first phase will span about 40 hectares and have about 44,000 square metres of warehouse space fitted with cold room facilities, a modern cross-docking hub and a centralised transportation hub.

It will also have space for offices and more than 1,000 units of wholesale shops. Operations are expected to start in 2014.

Once completed, the whole park will take up 114 hectares of land.

It will be accessible through major expressways and there are plans for a railway line that services the park, as well.

'The Sino-Singapore Jilin Food Zone Logistics Park is a key component of our strategy in strengthening Keppel T&T's foothold and presence in the northern regions of China,' said Pang Hee Hon, Keppel T&T's CEO.

'By leveraging Keppel T&T's expertise in third party logistics and cold chain services, the (joint venture firm) will not only be the operator of the logistics park, but also provide integrated logistics services.'

This joint venture company will enjoy the distinction of being the only food logistics park operator within the Food Zone, Keppel said yesterday.

This project is not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for this financial year.

[CityFarmer]

Keppel T&T has just reported a drop of 30% net profit, and declared a dividend of 3.5 cents (same as last year).

The drop is mostly due to other income, which is attributed to a disposal of asset.

We should exclude other income for detail analysis. There are growth in both revenue and NP

[CityFarmer]

Keppel T&T expands in China with 3rd port project

SINGAPORE – A unit of Keppel Telecommunications and Transportation (Keppel T&T) has acquired a 60 per cent stake in a river port in China’s Foshan City.

The remaining 40 per cent stake in the project - Foshan Sanshui Port Development Co - will be held by the Sanshui local government.

http://www.todayonline.com/business/kepp...rt-project

[CityFarmer]

CIMB report, TP $1.64, and rating OUTPERFORM

Strong data centre delivery
KPTT delivered a strong set of results in 2Q13, with earnings driven by
higher occupancy in its data centres. Its subsidiary acquired a second
port in Foshan, China, and we believe this new acquisition and the
current logistics projects in China will help to build its core earnings.

http://remisiers.org/cms_images/research..._KeptT.pdf

[mkmk]

http://infopub.sgx.com/FileOpen/KTTAnnx_...eID=259855

FY13Q3 Highlights
1. Revenue increased 14% to $117.0 million.
2. Net profit attributable to shareholders improved 8% to $45.5 million.
3. Earnings per share improved 8% to 8.2 cents.
4. Net asset value per ordinary share increased 7% to 82.0 cents per share.

(not vested)

[AlphaQuant]

The issue was raised during AGM last year - rather surprised the board acted so soon!
******************

Keppel Telecommunications & Transportation Ltd (the “Company”) wishes to announce that it is
currently exploring the establishment of a data centre real estate investment trust (“REIT”) to be
listed on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”).
The properties forming the portfolio of the REIT, the terms at which the properties will be injected
into the REIT and the other details of the proposed transaction (including the size of any offering to
be made in respect of units in the REIT, the timeframe of any such offering as well as the terms of
any such offering) are currently still under review. The establishment of the REIT and the listing of
the REIT on the SGX-ST will be subject to, among other things, market conditions, the relevant
regulatory and other approvals being obtained and the execution of definitive agreements by the
relevant parties.

[opmi]

Very sticky tenants.