Keppel Infra Trust

Keppel Infrastructure Trust to acquire another 39% stake in Jurong Island power plant for S$128.1 million

KIT’s trustee manager says the proposed acquisition will generate stable and predictable cash flows

The notes are part of the KIT's S$3 billion multicurrency debt issuance programme.

Keppel Infrastructure Trust prices S$200 million in notes due 2033 at 2.8%

Net proceeds will be used to fund acquisitions, general working capital purposes, among other things

Khor Poh Hwa is currently an independent director and a member of both the investment committee and the nominating and remuneration committee.

Keppel Infrastructure Trust appoints Khor Poh Hwa as new chairman

He previously served as the trustee-manager’s first chairman from 2010 to 2015

Key risks for the trust include contract renewal, as well as regulatory and policy uncertainty risk across Singapore concession assets.
BROKERS’ TAKE

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

The increased distributable income comes amid higher contributions from piped-gas provider City Energy, its industrial-infrastructure business Ixom and Australian bus service business Ventura Motors (pictured).

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

“This recognition by a US institutional investor reflects the growing visibility and attractiveness of SGX-listed companies on the global stage," says the bourse operator.

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

The business trust's revenue rose 11.5% on the year, driven by contributions from bus operator Ventura and revenue growth from other assets in its portfolio.

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