Keppel Infrastructure Trust (KIT) - OCBC Investment 2024-08-12: By A Hair’s Breadth

• Keppel Infrastructure Trust (KIT, SGX:A7RU)'s 1H24 group revenue and distributable income were lower y-o-y on the back of timing differences as well as one-offs.
• 1H24 distribution per unit (DPU) of S$0.0195 declared, representing an annualised yield of 8.2% based on Keppel Infrastructure Trust's share price of S$0.475 as at 26 Jul 2024.

A mixed set of 1H24 results

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Keppel Infrastructure Trust has announced a 1H24 distribution per unit (DPU) of S$0.0195, which is up 1% y-o-y and constitutes 48.9% of our initial full year forecast, which we deem to be in line with our expectations. The distribution is due to be paid out on 13 Aug 2024.

KIT continued to grow its portfolio aggressively in 1H24, but contributions from new acquisitions failed to offset one-offs and timing differences

Distributable income for the Energy Transition segment was down 14.4% y-o-y

• 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:
2026-02-04 Keppel Infrastructure Trust - Potential Return To Growth In FY26.

Previous report by OCBC:
2025-10-30 Keppel Infrastructure Trust - A Mixed Report Card With DI Growth Boosted By Divestments Gain.

Price targets by 2 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