Keppel Infrastructure Trust (KIT)

Results

Keppel Infrastructure Trust reports 1% y-o-y increase in 1HFY2023 DPU of 1.93 cents

This growth is supported by higher distributable income, which increased by 51.8% y-o-y to $132.9 million.
OCBC Investment Research initiates 'buy' on Keppel Infrastructure Trust with target price of 60.5 cents - THE EDGE SINGAPORE

Broker's Calls

OCBC Investment Research initiates 'buy' on Keppel Infrastructure Trust with target price of 60.5 cents

In analyst Ada Lim's view, acquisitions remain a key growth driver for the trust, which it is well supported to do so.
Keppel Infrastructure Trust appoints Kevin Neo as deputy CEO - THE EDGE SINGAPORE

New appointments

Keppel Infrastructure Trust appoints Kevin Neo as deputy CEO

Neo will take over the role of CEO on Oct 1. Chiang will go on to become the CIO (Infrastructure) at Keppel Corp.
Do investors prefer corporates to trusts when investing in infrastructure? - THE EDGE SINGAPORE

Right Timing

Do investors prefer corporates to trusts when investing in infrastructure?

Based on market action, investors prefer to invest in corporates such as Sembcorp Industries to an infrastructure trust
Keppel Corp and Keppel Infra Trust jointly acquire 16.3% stake in Swedish wind farm for €4.7 mil - THE EDGE SINGAPORE

Sustainability

Keppel Corp and Keppel Infra Trust jointly acquire 16.3% stake in Swedish wind farm for €4.7 mil

Keppel and KIT’s stakes are 2.9% and 13.4% of Fäbodliden II, a 17 megawatt (MW) Swedish onshore wind farm respectively.

Company in the news

KIT raises $299.6 mil from equity fund raising with issue prices fixed at the highest end of the range

KIT's placement offering was fixed at 47.7 cents per unit while its preferential offering was fixed at 46.7 cents per unit.

Results

KIT posts 65.5% increase in 1QFY2023 distributable income to $73.9 mil

Keppel Infrastructure Trust posts higher distributable income and Ebitda for 1QFY2023.

Results

Keppel Infra Trust sees 15.8% higher distributable income of $222.5 mil in FY2022

The higher y-o-y distributable income was due to new acquisitions, steady portfolio performance and another record year at Ixom.
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