- Keppel Infrastructure Trust has announced the proposed acquisition of 50% equity interest in Keppel Marina East Desalination Plant (KMEDP) for an enterprise value of ~S$323m.
Acquisition would have resulted in 0.4% accretion to FY23 DPU on a pro forma basis
- - Read this at SGinvestors.io -
- There is an existing S$315m term loan facility attached to the asset, which has commenced amortization. Upon completion, Keppel Infrastructure Trust will extend a non-interest-bearing shareholders’ loan of S$35m to the holding company.
- - Read this at SGinvestors.io -
High quality asset that generates long-term, stable cash flows and deepens KIT’s exposure to water treatment solutions in Singapore
- 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/ 2024-11-18
Previous report by OCBC:
2024-10-23 Keppel Infrastructure Trust - Murky Figures Due To One-offs & Timing Differences.
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
