KKR Bets on Southeast Asia's Booming Data Center Market with $800M Stake in Singtel Business

KKR is acquiring a 20% stake in Singtel's regional data center business for $800M to capitalize on Southeast Asia's growing data center market.
KKR expects demand to outpace supply amid adoption of AI and cloud migration. Forecasts 17% growth in SEA's data center market over 5 years.
Acquisition is part of KKR's Asia infrastructure strategy. Previously invested in digital infrastructure and renewable energy assets.
KKR aims to generate returns by focusing on high-growth sectors and regions like data centers.
Wall Street analysts are bullish on KKR stock with 12 Buys and 1 Hold rating. Average price target implies 14.91% upside potential.

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Posted 9/18/2023, 5:56:40 AM