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Keppel Infrastructure Trust (KIT)
M&A
KIT completes acquisition of Australian bus service provider Ventura Motors
Units in KIT closed flat at 45.5 cents on June 3.
June 03, 2024
Broker's Calls
OCBC Investment Research lowers KIT’s DPU estimates and TP on higher gearing and weighted average cost of debt
Analyst Ada Lim has kept her "buy" call with a lower target price of 57 cents, down from 59.5 cents previously.
May 10, 2024
Results
KIT’s 1QFY2024 distributable income down by 29.1% to $50.9 mil
Adjusted ebitda grew by 3.8% to $130.7 mil for the quarter.
May 03, 2024
Company in the news
Keppel and KIT’s proposed amended agreement for Merlimau Cogen plant to generate up to $1.08 bil
As at 9.30am, shares in Keppel are trading at $7.39 while units in KIT are trading at 49.5 cents.
April 01, 2024
Company in the news
KIT completes second closing of investment in German solar portfolio
Units in KIT closed at 49.5 cents on March 15.
March 18, 2024
Broker's Calls
ComfortDelGro, Keppel Infrastructure Trust ride on Singapore's EV push: OCBC Investment Research
Electric vehicles (EVs) face a chicken-and-egg problem, says OCBC Investment Research.
March 13, 2024
Broker's Calls
Budget 2024 schemes will aid these energy, industrial stocks: OCBC Investment Research
OCBC names eight stocks that are contributing to Singapore’s transition to a low-carbon economy.
March 13, 2024
Broker's Calls
KIT’s Ventura acquisition expected to be accretive despite impact of dilution: OCBC
Lim leaves her estimates unchanged pending further details to the transaction timeline, quantum and composition of funding.
February 06, 2024
M&A
Keppel Infrastructure Trust to acquire majority stake in Australia’s Ventura for A$600 mil
The transaction is expected to be completed in 2Q2024.
February 05, 2024
Results
Keppel Infrastructure Trust achieves record Ebitda and DPU in FY2023
KIT reports record Ebitda and DPU in FY2023.
January 31, 2024