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RHB, CGSI raise TP on KIT on ‘resilient’ cashflows and ‘dry powder support’ for DPU

Douglas Toh
Douglas Toh • 5 min read
RHB, CGSI raise TP on KIT on ‘resilient’ cashflows and ‘dry powder support’ for DPU
On DPU outlook, Jaiswal is retaining his forecast for FY2026, which is aligned with the trust’s focus on DI and DPU continuity. Photo: KIT
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Analyst Shekhar Jaiswal of RHB Singapore is keeping his “buy” call on Keppel Infrastructure Trust (KIT) at an upgraded target price of 58 cents from 55 cents previously on the trust’s FY2025 ended December 2025 results.

Jaiswal’s notes that KIT’s results in the period “reinforced” its “steady distribution profile”, with dividend per unit (DPU) coming in-line thanks to “resilient” portfolio cashflows and recycling efforts which translated into a higher distributable income (DI).

“In 2026, DI should edge higher on City Energy growth, Ixom uplift, and a full-year Global Marine Group (GMG) contribution, with upside from Eco Management Korea (EMK) and Ventura. With $180 million divestment proceeds and $239 million committed debt headroom, KIT can undertake accretive investments,” notes the analyst in his Feb 4 report.

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