Keppel Infrastructure Trust (KIT)

REITs and business trusts are expected to remain promising investment options, say Maybank Kim Eng analysts

DBS Group Research is maintaining its “buy” call on Keppel Infrastructure Trust (KIT) at a revised target price of 57 cents.

The trustee-manager of Keppel Infrastructure Trust (KIT) has announced a total distribution per unit (DPU) of 0.93 cent for the 2Q20 ended June, unchanged from the DPU reported in 2Q19.

Keppel Infrastructure Trust (KIT) and Keppel Energy (KE), have secured a seven-year $700 million sustainability-linked loan from DBS Bank and OCBC Bank for its jointly owned gas-fired co-generation plant, Keppel Merlimau Cogen Plant.

SINGAPORE (Apr 22): DBS Group Research has maintained Keppel Infrastructure Trust (KIT)’s “buy” rating with a lower target price of 54 cents, from 58 cents previously.

This translates to an annualised yield of 8.8%, based on KIT’s closing price of 42.5 cents on Mar 31, 2020.

SINGAPORE (Oct 18): DBS Group Research is reiterating its “buy” recommendation on Keppel Infrastructure Trust (KIT) with a target price of 58 cents.

SINGAPORE (July 15): Keppel Infrastructure Trust (KIT) reported a DPU of 0.93 cent for 2Q19, unchanged compared to 2Q18.

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.

SINGAPORE (Apr 15): The trustee-manager of Keppel Infrastructure Trust (KIT) has announced a total distribution per unit (DPU) of 0.93 cents for the 1Q19 ended March, unchanged from a year ago.