Keppel Infra Trust
RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
The analyst sets a target price of S$0.55 and says the trust should have a ‘modestly growing’ distribution profile
Keppel Infrastructure Trust expands into digital infrastructure with proposed S$119 million Global Marine Group stake
An extraordinary general meeting for the proposed deal will be held on Nov 11
Keppel Infrastructure Trust 9M distributable income up 59.2% at S$168.9 million on divestment gains
Its divestment gains of S$49 million come from the sale of its stake in Philippine Coastal and the partial sale of its stake in Ventura Motors
US ETF outperforming S&P 500 becomes substantial shareholder in Rex, has stakes in 30 Singapore stocks
Yangzijiang Financial ranks top in stock weight among SGX-listed companies in the fund
Keppel Infrastructure Trust H1 DPU up 1% at S$0.0197
Distributable income for first half-year rose 31.2% on the year to S$119.4 million, from S$91 million
Keppel Infrastructure Trust to divest 24.6% stake in Australian bus service business for A$130 million
This is a 19% premium from its acquisition price for the relevant stake last year; KIT will still hold a 73.1% share in the company
Keppel Infrastructure Trust posts 27.7% higher Q1 distributable income of S$65 million ahead of GMG acquisition
Net gearing was at 40.8%, with an interest coverage ratio of 6.8 times
Keppel Infrastructure Trust to buy 46.7% stake in subsea cable firm Global Marine for US$90.6 million
The acquisition is expected to raise distribution per unit by an accretive 3.5%
Director at KIT trustee-manager to step down on Apr 15
It says the move will facilitate succession planning
Keppel Core Infrastructure Fund acquires 39% stake in the Keppel Merlimau Cogen Plant
This reduces Keppel’s stake in the plant to 10%
