KKR and Singtel Acquire 82% Stake in STT GDC for $5.1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy KKR?
Source: CNBC
KKR's stock fell 5.21% and hit a 20-day low amid broader market declines, with the Nasdaq-100 down 1.16% and the S&P 500 down 0.79%.
KKR and Singapore Telecommunications have signed agreements to acquire an 82% stake in ST Telemedia Global Data Centres for S$6.6 billion (approximately US$5.1 billion), reflecting strong confidence in the data center market. This acquisition marks KKR's largest infrastructure investment in the Asia Pacific, highlighting the surge in global demand for data centers driven by cloud computing needs, particularly from artificial intelligence, which is expected to further propel company growth.
The acquisition is expected to close in the second half of 2026, and KKR's investment in STT GDC is anticipated to enhance its capabilities in institutional investment and asset management solutions, solidifying its market position and driving future growth potential.
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Analyst Views on KKR
Wall Street analysts forecast KKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KKR is 159.67 USD with a low forecast of 145.00 USD and a high forecast of 176.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 99.170
Low
145.00
Averages
159.67
High
176.00
Current: 99.170
Low
145.00
Averages
159.67
High
176.00
About KKR
KKR & Co. Inc. is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The Company’s segments include Asset Management, Insurance and Strategic Holdings. Asset Management segment offers a range of investment management services to investment funds, vehicles and accounts and provides capital markets services to portfolio companies and third parties. Asset Management segment includes five business lines: Private Equity, Real Assets, Credit and Liquid Strategies, Capital Markets and Principal Activities. Insurance segment is operated by Global Atlantic, which is a United States retirement and life insurance company that provides a suite of protection, legacy and savings products and reinsurance solutions to clients across individual and institutional markets. Global Atlantic offers individuals fixed-rate annuities and others. Strategic Holdings segment represents its participation in its core private equity strategy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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