Keppel Infrastructure Trust - OCBC Investment 2024-02-05: All Aboard The Melbourne Express

Keppel Infrastructure Trust - All Aboard The Melbourne Express

Published:
Keppel Infra Trust (SGX:A7RU) | SGinvestors.ioKeppel Infra Trust (SGX:A7RU)
  • Keppel Infrastructure Trust has announced the proposed acquisition of a 98.6% stake in Ventura Motors Pty. Ltd. at an enterprise value of AUD600m (~S$540m). The acquisition will likely be funded through a combination of internal resources, debt, and equity.

Proposed acquisition of largest bus service business in Melbourne, Australia

  • - Read this at SGinvestors.io -
  • Ventura operates a fleet of ~900 buses and 12 strategically located depots servicing more than 42m passengers per annum. It holds a market share of ~32% of public buses in Victoria, covering ~530 routes out of 1,200.
  • Based on Ventura’s revenue for the financial year ended 30 Jun 2023 (FY23), ~90% was derived from long-term, inflation-protected government route services.
  • - Read this at SGinvestors.io -

Total acquisition cost of ~S$570.6m.

  • 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/ 2024-02-05



Previous report by OCBC:
2024-02-01 Keppel Infrastructure Trust - Running Up That Hill.

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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