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Basslink
M&A
Australia's APA Group confirms potential acquisition of Basslink for $683.1 mil
Basslink is the Australian subsidiary of Keppel Infrastructure Trust (KIT).
October 17, 2022
Company in the news
KIT subsidiary Basslink selects Australia's APA Group as preferred bidder
According to the filing, APA Group is now in discussions with Basslink to “seek to agree [to] a binding transaction”.
September 07, 2022
Company in the news
Keppel Infrastructure Trust to make further arbitration provisions of $23.8 mil for Basslink legal costs
KIT had already recognised $76.2 million in arbitration provisions in FY20.
June 10, 2021
Company in the news
Basslink extends financing for Basslink Interconnector
The update is not expected to have a material impact on KIT's finances for the FY2021.
May 27, 2021
Company in the news
KIT's Basslink to fork out A$38.5 mil in damages; A$31 mil in unpaid fees not recoverable
Units in KIT closed 0.5 cent lower or 0.9% down at 55 cents on Dec 3.
December 03, 2020
Broker's Calls
Dividends for Keppel Infrastructure Trust to stay stable: DBS
DBS Group Research’s Suvro Sarkar has maintained his “buy” rating on KIT and expects stable DPUs from the Trust.
October 26, 2020
Results
Keppel Infra Trust reports 'resilient' EBITDA of $83.0 mil for 3Q2020
For the nine-month period, group EBITDA surged 38% y-o-y to $283.7 million.
October 21, 2020
Broker's Calls
Keppel Infrastructure Trust kept at 'buy' by DBS on successful fund raising exercise, Ixom acquisition
SINGAPORE (Apr 17): DBS Group Research is keeping its “buy” call on Keppel Infrastructure Trust (KIT) with a target price of 58 cents, following its results announcement on Monday.
April 17, 2019
Broker's Calls
Basslink troubles pose zero threat to Keppel Infrastructure Trust, says DBS
SINGAPORE (Jan 23): DBS Vickers Securities continues to rate Keppel Infrastructure Trust (KIT) at “buy” at an unchanged target price of 58 cents post the release of KIT’s 4Q18 results where DPU came in flat at 93 cents, in line with expectations.
January 23, 2019
Broker's Calls
Now's good time to invest in Keppel Infrastructure Trust despite Basslink dispute: DBS
SINGAPORE (Oct 18): DBS Vickers Securities is maintaining its “buy” call on Keppel Infrastructure Trust (KIT) with a 58-cent price target after the trust’s latest reported DPU of 0.93 cent for 3Q came in line with expectations.
October 18, 2018