Keppel T&T rides Big Data, cloud computing rise

SINGAPORE (Sept 21): UOB Kay Hian has initiated coverage for Keppel Telecommunications and Transportation (Keppel T&T) with a “buy” recommendation and a target price of $2.28

According to analysts Edison Chen and Foo Zhiwei in a note on Wednesday, Keppel T&T is a proxy to the growing digital economy, which also includes Big Data and cloud computing.

They estimate that from 2014 to 2019, data centre traffic will increase threefold as data traffic grows 22%, workload in data centres will double from cloud computing, and data stored in data centres will grow 30% from Big Data.

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