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:
2025-04-22 Keppel Infrastructure Trust - Distributable Income Boosted By One-off Divestment Gain.

Previous report by OCBC:
2025-04-01 Keppel Infrastructure Trust - Under The Sea.

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