Steady wins the race for Keppel Infrastructure Trust

SINGAPORE (Oct 18): DBS Vickers Securities is keeping its “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 56 cents, given that the trust has maintained a steady distribution per unit (DPU) of 0.93 cents over the last three quarters, including 3Q.

(See also: Keppel Infrastructure Trust declares 3Q DPU of 0.93 cent )

In a Tuesday report, analysts Suvro Sarkar and Pei Hwa Ho dub the utility asset owner an “infrastructure platform with steady cash earnings” as its FY16 distributable cash flow of $117.5 million for September ensures there is “enough buffer” in terms of liquidity.  

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