- 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
- - Read this at SGinvestors.io -
9M24 distributable income for the Distribution & Storage segment was down 34.6% y-o-y
- 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/ 2024-10-23
Previous report by OCBC:
2024-09-05 Keppel Infrastructure Trust - Overhang Of Equity Fund Raising Lifted.
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
