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'Dividend uplift finally!': DBS optimistic on KIT after strategic review

Lim Hui Jie
Lim Hui Jie • 3 min read
'Dividend uplift finally!': DBS optimistic on KIT after strategic review
With a strategic review and limited damage from Basslink, is KIT a promising stock?
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DBS analyst Suvro Sarkar has maintained his “buy” call and target price of 60 cents on Keppel Infrastructure Trust, after the trust announced an increased distribution per unit in FY2021.

KIT announced a full-year DPU of 3.78 cents, up 1.6% compared to the same period last year.

The group also recorded free cash flow to equity (FCFE) of $192.2 million in FY2021, down 15% y-o-y.

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