KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia’s key index closed higher today on bargain hunting, in line with positive investor sentiment across regional markets, consolidating at its highest level in more than two months — a level last seen on Oct 2, 2025. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.42 points, or 0.76 per cent, to 1,637.81, compared with Thursday’s close of 1,625.39. The benchmark index opened 2.83 points lower at 1,622.56, thereafter edged down to an early low of 1,622.03, before staging an uptrend to an intraday high of 1,640.36 in late trading. Market breadth was positive, with gainers trouncing decliners at 743 versus 387. Another 530 counters were unchanged, 1,108 untraded, and 16 suspended. Turnover increased to 3.09 billion units worth RM2.46 billion from 2.99 billion units worth RM2.35 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended higher on continued...
Key Takeaway
Keppel DC Reit will acquire Keppel’s remaining stake in two hyperscale data centres in Singapore for S$8.4M, strengthening its portfolio amid surging AI-driven demand for computing infrastructure.
Deal Details
Acquirer: Keppel DC Reit (AJBU.SG)
Seller: Keppel (BN4.SG)
Asset: Remaining stake in Memphis 1 entity (manages two AI-ready hyperscale data centres)
Deal Value: Up to S$8.4M
Impact: Grants Keppel DC Reit full ownership of the facilities
Industry Context
AI Boom:
Hyperscale and gigawatt-scale facilities increasingly needed to handle AI workloads.
AI queries consume ~10x more power than a standard Google search.
Singapore Advantage:
Strategic hub with 26 subsea cables and 3 landing stations.
Positioned for low-latency, mission-critical applications (finance, AI inference).
Over S$10B expected investment into subsea cable infrastructure in next decade.
Market Snapshot (Sept 4, 09:03)
STI: 4,298.42 (+0.21%)
Advancers/Decliners: 83 / 46
Volume / Value: 72.06M / S$85.48M
Other Stocks to Watch
Oiltek (HQU.SG): Projects in Indonesia remain on track despite unrest.
MM2 Asia (1B0.SG): Voluntary liquidation of Cathay Cineplexes won’t impact core business; payment demands received from Disney subsidiaries.
Macro Highlight
Singapore GDP Forecast (2025): Raised to 2.4% (from 1.7%) on stronger manufacturing, exports, and AI-driven demand.
Risks: Tariff tensions and global uncertainty.
Upside: Tech demand and easing trade friction.
Investor Watch
Keppel DC Reit (AJBU.SG): Positive portfolio expansion, aligns with AI-driven growth; acquisition is relatively small (S$8.4M) but strategically valuable.
Data Centre Sector: Benefiting from AI surge; hyperscale operators likely to outpace smaller enterprise facilities.
Singapore Market: GDP upgrade supportive for equities, though external trade risks remain.
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