Stock Analysis: Kep Infra Tr
Keppel Infrastructure Trust recommends increasing holdings, with a target price of SGD 0.45 and a closing price of SGD 0.42 (+1.20%). The trust has an asset management scale of SGD 9 billion, with diversified revenue sources, and 60% of infrastructure contracts exceeding 15 years. The dividend yield is expected to stabilize at 10% from the fiscal year 2025 to 2027. After asset disposals, the balance sheet will strengthen, paving the way for future acquisition plans. Historically, during economic cycles, dividends have been stable, maintaining a 1% increase in dividends per unit
- Recommendation: Increase holdings
- Target price: 0.45 CNY
- Closing price: 0.42 CNY (+1.20%)
Keppel Infrastructure Trust
Keppel Infrastructure Trust has an asset management scale of 9 billion CNY, and its revenue sources are diverse, including chemicals, energy, public transportation, and renewable energy facilities. We expect that after divesting assets for cash, Keppel Infrastructure Trust's balance sheet will strengthen, paving the way for future value-enhancing acquisition plans.
Since 60% of Keppel Infrastructure Trust's infrastructure contracts are long-term contracts exceeding 15 years, the dividend yield is expected to remain stable at 10% for the fiscal years 2025 to 2027.
Keppel Infrastructure Trust has maintained a 1% increase in distribution per unit during past economic cycles, indicating stable distribution. (China Galaxy Securities Research)
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