Keppel Infrastructure Trust - OCBC Investment 2023-07-28: Steady As She Goes

• Keppel Infrastructure Trust (SGX:A7RU) has reported another strong set of results for 1H23, in line with our expectations. EBITDA (excluding one-off acquisition-related cost and fair value loss on the investment in Aramco Gas Pipeline Company (AGPC)) and distributable income (DI) grew by 42.8% and 51.8% y-o-y to S$246.3m and S$132.9m respectively.
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Energy Transition & Environmental Services segments registered positive growth

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• Distributable income from the environmental services segment grew at a slower 3.7% y-o-y from S$37.5 in 1H22 to S$38.9m in 1H23.

Distribution & Storage segment weighed down by currency fluctuations

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-10-30 Keppel Infrastructure Trust - A Mixed Report Card With DI Growth Boosted By Divestments Gain.

Previous report by OCBC:
2025-07-30 Keppel Infrastructure Trust - Stable Overall Results Pending Foray Into Digital Infrastructure.

Price targets by other brokers at Keppel Infra Trust Target Prices.

Listing of research reports at Keppel Infra Trust Analyst Reports.

Relevant links:
Keppel Infra Trust Share Price History,
Keppel Infra Trust Announcements,
Keppel Infra Trust Dividend Payout Dates & Corporate Actions,
Keppel Infra Trust News