Keppel Infrastructure Trust - OCBC Investment 2024-02-01: Running Up That Hill

Keppel Infrastructure Trust - Running Up That Hill

Keppel Infra Trust (SGX:A7RU) | SGinvestors.ioKeppel Infra Trust (SGX:A7RU)

Record FY23 results were in line with our expectations

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  • 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).
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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

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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 @

Ada Lim OCBC Investment Research | 2024-02-01

Read also OCBC's most recent report:
2024-02-05 Keppel Infrastructure Trust - All Aboard The Melbourne Express.

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


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