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No major impact from Johor data centres, US export ban: Keppel DC Reit manager

No major impact from Johor data centres, US export ban: Keppel DC Reit manager

By Swedan Margen

Fashion

NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on Friday (Jan 24).

The workloads in Johor are different from those in Singapore, with the data centres in the Republic doing artificial intelligence (AI) inference work rather than training, the manager said in its fourth quarter 2024 earnings call. Singapore and Johor are targeting different market segments, which would be good for the entire ecosystem.

Loh Hwee Long, chief executive of Keppel DC Reit Management, said: “This is the higher-value type of AI computing work that will continue to reside in Singapore because of the very strong connectivity features we have here, as well as the ease of doing business and stability.”

The manager posted a distribution per unit (DPU) of S$0.04902 for the second half ended December, up 13.2 per cent from S$0.04332 in the previous corresponding period.

This brings total DPU for FY2024 to S$0.09451, up 0.7 per cent on the year.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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