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RHB initiates coverage on Keppel Infrastructure Trust with ‘buy’ call
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RHB has initiated coverage on Keppel Infrastructure Trust (KIT) with a 'buy' call, citing its high yield and strategic investments, including a recent stake in Global Marine Group. Analyst Shekhar Jaiswal set a target price of S$0.55, indicating a 17% upside. KIT's diversified infrastructure exposure and strong cash flow are highlighted, though risks include contract renewal and regulatory uncertainties. The trust's forward yield is noted as elevated relative to its risk profile.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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