Basslink

Basslink is the Australian subsidiary of Keppel Infrastructure Trust (KIT).

According to the filing, APA Group is now in discussions with Basslink to “seek to agree [to] a binding transaction”.

KIT had already recognised $76.2 million in arbitration provisions in FY20.

The update is not expected to have a material impact on KIT's finances for the FY2021.

Units in KIT closed 0.5 cent lower or 0.9% down at 55 cents on Dec 3.

DBS Group Research’s Suvro Sarkar has maintained his “buy” rating on KIT and expects stable DPUs from the Trust.

For the nine-month period, group EBITDA surged 38% y-o-y to $283.7 million.

SINGAPORE (Apr 17): DBS Group Research is keeping its “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 58 cents, following its results announcement on Monday.

SINGAPORE (Jan 23): DBS Vickers Securities continues to rate Keppel Infrastructure Trust (KIT) at “buy” at an unchanged target price of 58 cents post the release of KIT’s 4Q18 results where DPU came in flat at 93 cents, in line with expectations.

SINGAPORE (Oct 18): DBS Vickers Securities is maintaining its “buy” call on Keppel Infrastructure Trust (KIT) with a 58-cent price target after the trust’s latest reported DPU of 0.93 cent for 3Q came in line with expectations.