Brokers' take
Keppel Infrastructure Trust | Buy Target price: S$0.60 Oct 17 close: S$0.555 DBS Group Research, Oct 17
City Gas' cash generation tends to fluctuate from quarter to quarter, owing to time lag between adjustments of gas tariffs and changes in underlying fuel costs, but smoothens out over time. Cash flows from other key assets remained stable and the trust's newest asset, Data Centre One, contributed higher positive cash flows, as rental rates were renewed in line with existing agreements.
While discussions are still ongoing with Hydro Tasmania and the banking syndicate on matters arising from the undersea cable outage that occurred through most of H116, Hydro Tasmania finally resumed the contractual payment of full facility fees to Basslink from la…
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