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Ixom boosts Keppel Infra Trust's 3Q; Basslink drama not likely to have any financial effect, says DBS

Samantha Chiew
Samantha Chiew • 3 min read
Ixom boosts Keppel Infra Trust's 3Q; Basslink drama not likely to have any financial effect, says DBS
SINGAPORE (Oct 18): DBS Group Research is reiterating its “buy” recommendation on Keppel Infrastructure Trust (KIT) with a target price of 58 cents.
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SINGAPORE (Oct 18): DBS Group Research is reiterating its “buy” recommendation on Keppel Infrastructure Trust (KIT) with a target price of 58 cents.

This came on the back of the trust announcing that its 3Q19 DPU has remained flat y-o-y at 93 cents.

Distributable cash flow for the quarter came in at $55.7 million, a 61% y-o-y increase over the corresponding period.

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