- Keppel Infrastructure Trust (SGX:A7RU)’s 2H23 and FY23 distributable income (DI) rose 36.3% and 42.4% y-o-y to S$183.9m and S$316.8m, respectively.
Record FY23 results were in line with our expectations
- - Read this at SGinvestors.io -
- Distributable income from the environmental services segment grew at a slower 19.1% y-o-y to S$83.7m, supported by higher volumes for the landfill business and utilisation of full incineration capacity at Eco Management Korea (EMK).
- - Read this at SGinvestors.io -
FY23 DPU up 62% y-o-y
- Keppel Infra Trust announced a 4Q23 distribution of S$0.0096 per unit. Without taking into account the special distribution of S$0.0233, FY23's distribution per unit (DPU) would have grown ~1% y-o-y to S$0.0386.
- Including the special distribution, FY23's DPU came in at S$0.0619, up 62% y-o-y and constituting 99.8% of our full year forecast. See Keppel Infra Trust's distribution dates.
Continued portfolio expansion with management on the lookout for interesting investment opportunities
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Ada Lim OCBC Investment Research | https://www.iocbc.com/ 2024-02-01
Read also OCBC's most recent report:
2024-09-05 Keppel Infrastructure Trust - Overhang Of Equity Fund Raising Lifted.
Previous report by OCBC:
2024-08-12 Keppel Infrastructure Trust (KIT) - By A Hair’s Breadth.
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 Dividends & Corporate Actions,
Keppel Infra Trust News Articles