Keppel Infrastructure Trust - OCBC Investment 2024-10-23: Murky Figures Due To One-offs & Timing Differences

• Keppel Infrastructure Trust’s overall 9M24 distributable income (DI) plummeted 60.1% y-o-y to S$106.1m. After adjusting for one-offs (such as the special distribution of S$131.2m in 9M23 distributable income) and timing differences (such as lower fuel cost over-recovery at City Energy due to the timing of fuel cost pass-through), 9M24 distributable income would have been down 11.2% y-o-y at S$124m.

Mixed segmental results

9M24 distributable income for the Energy Transition segment grew a marginal 2.7% y-o-y

• - Read this at SGinvestors.io -

9M24 distributable income for the Environmental Services segment was down 16.4% y-o-y

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9M24 distributable income for the Distribution & Storage segment was down 34.6% y-o-y

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

Previous report by OCBC:
2025-07-30 Keppel Infrastructure Trust - Stable Overall Results Pending Foray Into Digital Infrastructure.

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