Stocks to watch: Keppel Infrastructure Trust

THE following company saw new developments that may affect trading of its securities on Friday (Oct 21):

Keppel Infrastructure Trust (KIT): The trust reported a 12.1 per cent increase in Q3 2022 distributable income to S$50.1 million from S$44.7 million in Q3 2021. The increase was in tandem with a 15.4 per cent growth in operational cash flows to S$65.5 million in Q3 2022 from S$56.8 million in Q3 2021. KIT expects assets under management to increase to S$6.1 billion after the completion of new acquisitions in Q4 2022. Units of KIT closed unchanged at S$0.525 on Thursday, before the news.