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Following the determination of the number of Placement Units and the Placement Issue Price, it has been determined that the Preferential Offering will be made to Entitled Unitholders on a non-renounceable pro rata basis of 5 Preferential Offering Units for every 100 existing Units held as at 5.00 p.m. on 26 April 2023 (the & ldquo Preferential Offering Record Date& rdquo ), fractional entitlements to be disregarded.
The Preferential Offering is expected to open at 9.00 a.m. on 2 May 2023. Eligible Unitholders may, until 5.30 p.m. (or 9.30 p.m. for electronic applications through an automated teller machine of DBS Bank Ltd. (including POSB), Oversea-Chinese Banking Corporation Limited or United Overseas Bank Limited (& ldquo Electronic Applications through an ATM of a Participating Bank& rdquo )) on 10 May 2023, accept their provisional allotments of Preferential Offering Units and if applicable, apply for Excess Preferential Offering Units, under the Preferential Offering.
The Preferential Offering is expected to open at 9.00 a.m. on 2 May 2023. Eligible Unitholders may, until 5.30 p.m. (or 9.30 p.m. for electronic applications through an automated teller machine of DBS Bank Ltd. (including POSB), Oversea-Chinese Banking Corporation Limited or United Overseas Bank Limited (& ldquo Electronic Applications through an ATM of a Participating Bank& rdquo )) on 10 May 2023, accept their provisional allotments of Preferential Offering Units and if applicable, apply for Excess Preferential Offering Units, under the Preferential Offering.
Hi All,
I am new and i hold their stocks, what do i have to do the buy the rights?
thank you in advance
I am new and i hold their stocks, what do i have to do the buy the rights?
thank you in advance
THE manager of Keppel Infrastructure Trust (KIT) Kep Infra Tr : A7RU 0% on Thursday (Mar 24) said it is undertaking a strategic review of KIT' s wholly-owned Ixom business, with a view to potentially unlock value from the asset.
Ixom is the sole manufacturer of liquefied chlorine, as well as the leading manufacturer of caustic soda in Australia, the trustee-manager said in a bourse filing.
It was acquired by KIT in 2019 and is among the leading industrial infrastructure businesses in Australia and New Zealand, supplying and distributing critical water treatment chemicals and industrial and specialty chemicals key to fundamental industries.
These include the water treatment, dairy, agriculture, mining and construction sectors. Ixom' s chemical manufacturing and supplies were classified as essential services during the Covid-19 pandemic.
Through the strategic review, the trustee-manager is looking to further KIT' s growth and maximise long-term unitholder returns. The exercise is part of the diversified business trust' s regular asset review process.
The trustee-manager will appoint a financial adviser in connection with the strategic review. It may, through the financial adviser, enter preliminary discussions with various parties to evaluate the viability of any options.
" There is no assurance that any transaction will materialise from such a strategic review or that any definitive or binding agreement will be reached," it added.
Units of KIT closed 0.9 per cent or S$0.005 higher at S$0.555 on Wednesday.
08 Feb 2022
Keppel Infrastructure Trust to invest in Aramco Gas Pipelines Company
As part of a consortium, the Trust will invest in this world-class infrastructure business, which is expected to generate long-term stable cash flows with potential for growth.
Keppel Infrastructure Fund Management Pte Ltd (KIFM), the Trustee-Manager of Keppel Infrastructure Trust (KIT), has entered into a subscription agreement, a limited partnership agreement and related documentation to invest in Aramco Gas Pipelines Company, an entity with cash flows derived from the gas pipelines network of Saudi Arabian Oil Company (Aramco).
It is intended that KIT will invest US$250 million, alongside investors including BlackRock Real Assets and Hassana Investment Company (the investment arm of the General Organization for Social Insurance of the Kingdom of Saudi Arabia), for an indirect minority and non-controlling stake into a special purpose vehicle (SPV), which has entered into a conditional share sale and purchase agreement with Aramco. The SPV will acquire a 49% stake in Aramco Gas Pipelines Company, which will lease usage rights in Aramco&rsquo s gas pipeline network in Saudi Arabia for a 20-year period. Concurrently, Aramco Gas Pipelines Company will grant back to Aramco the exclusive right to use, transport through, operate and maintain the gas pipeline network during the 20-year period in exchange for a quarterly volume-based tariff, which will be backed by minimum volume commitments. Aramco will retain the legal title to, and the sole operational control of, the pipeline assets.
The acquisition is expected to provide long term, predictable cash flows to KIT through investing into a strong and growing business that is underpinned by one of the world&rsquo s largest reserves of natural gas. Driven by domestic consumption, gas demand in Saudi Arabia is expected to increase at a CAGR of 3.7% from 2021 to 2030[1], primarily due to an increase in demand from the power generation and the refining and industrial sectors. Favorable governmental policies will also support the strong outlook for gas demand.
Aramco, the counterparty for the lease and leaseback transaction, is one of the largest listed companies globally, with a market capitalisation of approximately US$2.0 trillion as at 7 February 2022.
Mr. Jopy Chiang, CEO of the Trustee-Manager, said, &ldquo As the world pivots towards a more sustainable energy future, gas is expected to continue to play a key role in the global energy transition. The strategic addition of this gas pipeline business will allow KIT to diversify its income base geographically, as well as provide greater stability in the long term by replenishing the portfolio through the addition of another resilient business.
&ldquo Given the strong fundamentals and the partnership with a top-tier counterparty with a world class operational record, the investment in Aramco Gas Pipelines Company is in line with the KIT&rsquo s strategy of acquiring and investing in good quality infrastructure businesses that generate long-term stable cash flows with potential for growth.&rdquo
Following the completion of the acquisition (which is subject to satisfaction of certain customary closing conditions, including any required merger control and related approvals), KIT' s total assets under management from S$4.5 billion as at 31 December 2021, to approximately S$4.6 billion.
The KIT Trustee-Manager intends to fund the acquisition with internal sources of funds and existing debt facilities, including a two-year bridge facility taken up by KIT.
' Dividend uplift finally!' : DBS optimistic on KIT after strategic review
DBS analyst Suvro Sarkar has maintained his &ldquo buy&rdquo call and target price of 60 cents on Keppel Infrastructure Trust, after the trust announced an increased distribution per unit in FY2021.KIT announced a full-year DPU of 3.78 cents, up 1.6% compared to the same period last year. The group also recorded free cash flow to equity (FCFE) of $192.2 million in FY2021, down 15% y-o-y.
Despite the lower FCFE, management wanted to reward its unitholders with a higher DPU &ndash the first time in years &ndash as its underlying businesses were performing well during the period, notes Sarkar.
The analyst adds that KIT&rsquo s &ldquo attractive&rdquo DPU yield of close to 7% at the current price is higher than most top-tier peers in the Singapore market, and carries little downside risk in the near term.Furthermore, he believes that KIT&rsquo s distributions are not affected by economic cycles, which is a rarity in the S-REITs space.
This is because KIT&rsquo s portfolio comprises critical infrastructure assets, which are not impacted by the pandemic. He notes that high fuel prices may affect the timing of cash flows at City Energy (formerly known as City Gas) but otherwise, cash flows are highly predictable.
Investors who have been keeping up with the news on KIT would have known about its asset, Basslink, entering insolvency in November 2021. Basslink was unable to settle penalty payments and refinance its debts. However, Sarkar believes that KIT is &ldquo sufficiently protected&rdquo from the troubles at Basslink as any claims against Basslink are ring-fenced at the Basslink level, adding that Basslink has been de-consolidated from KIT&rsquo s financials and management believes there are no contingent liabilities outstanding related to Basslink.
Moving forward, he is anticipating more mergers and acquisitions (M& A) on the trust&rsquo s end, as well as potential DPU accretion after its strategic review.
&ldquo [The] strategic review under new CEO points towards bigger M& A ambitions, and this time, should be DPU accretive unlike in the past,&rdquo Sarkar says.
Elaborating, he highlights that under new CEO Jopy Chiang, there are three strategic growth pillars for KIT. The trust will work its existing assets harder, like City Energy having new and upcoming business lines including EV charging stations, leverage the Keppel ecosystem for opportunities and access to funding, and actively pursue inorganic growth opportunities that will be yield-accretive.
Sarkar writes that the &ldquo inorganic story&rdquo will focus on traditional asset classes like utilities, transmission & distribution assets.
This is in addition to assets that will benefit from energy transition story like renewables, digital and communications assets like towers that support the digital economy, and socio-economic infrastructure assets like roads and other transport infrastructure &ldquo The decision to increase DPUs in 2HFY2021 also signals that unlike in the past (read: Ixom and Philippine Coastal), KIT will be open to increasing distributions on the back of accretive acquisitions, in line with investor feedback.&rdquo
Despite this optimistic view, he does warn of some key risks, including KIT&rsquo s plants not meeting availability thresholds owing to operational issues, increasing debt refinancing risks for the asset portfolio, and exposure to rising inflation and interest rates.
Totally agreed this counter is for LT. I had been holding it for > 5years by now. Keep enjoying the high dividend yield. Huat ah to all LT SH.
Lobster ( Date: 04-Feb-2022 10:25) Posted:
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They are probably doing so because of Ex-Div. Typical of SGX retail investors who sell down more than Div collected. Probably one of my most solid, sustainable trust for more than 10 years. Hope price stays down for a while more so I can move more funds into. :).
Disclaimer : Very vested. Sharing my own action. Not suggesting anyone buys without DYODD.
Disclaimer : Very vested. Sharing my own action. Not suggesting anyone buys without DYODD.
whisng ( Date: 04-Feb-2022 09:26) Posted:
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Agreed totally. Yet yesterday still got those idiot shortists short sold 1 mil plus of KIT. Really brainless, cause they had to pay back the div to the real investors or those contra idiots who bought in at the last day. Don' t understand why so many stupid idiots in the stock market. Hope they lose all their money and then exit the market forever....then the market will be more stable.
Huat to the real investors of KIT!!
Huat to the real investors of KIT!!
Lobster ( Date: 04-Feb-2022 10:25) Posted:
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This stock is NOT a trading stock. This is a LT dividends stock.
Grab when it' s low, but remember if you want to sell, the queue is super long.
but once in a while, the magic may move it suddenly.
best is don' t monitor it for a while.
Grab when it' s low, but remember if you want to sell, the queue is super long.
but once in a while, the magic may move it suddenly.
best is don' t monitor it for a while.
The idiots are selling again. Time to stock up on KIT gems!
Huat to real investors of KIT!!
Huat to real investors of KIT!!
One point of DBS analysis report also mentioned
Just like a lot of nay sayers are saying the yield so high and unable to sustain (but yield was even higher at 10.6% that time in Mar 2020 when price was $0.35 and yet idiots still selling?) ...likely we will see more increase in the future. Likely these nay sayers were short sellers or maybe they sold off at the bottom and became sour grapes.
Huat to all real investors of KIT!!
- Despite the lower than expected FCFE, management team decided to up DPU for the first time in years, from 1.86Scts in 1H21 to 1.92Scts in 2H21, to reward unitholders, as underlying businesses are performing well and City Energy earnings will smoothen out over time
Just like a lot of nay sayers are saying the yield so high and unable to sustain (but yield was even higher at 10.6% that time in Mar 2020 when price was $0.35 and yet idiots still selling?) ...likely we will see more increase in the future. Likely these nay sayers were short sellers or maybe they sold off at the bottom and became sour grapes.
Huat to all real investors of KIT!!
YSY369 ( Date: 01-Feb-2022 09:20) Posted:
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I am not a financial expert, but if you refer to page 11 of this report from SGX
https://links.sgx.com/FileOpen/KIT%202H%20and%20FY2021%20-%20Financial%20Highlights%20and%20Unaudited%20Results_MREL.ashx?App=Announcement& FileID=698978
it showed that KIT had a net cash positive position of 809.7 million after deducting the div, operating cost etc. Thus KIT still had a lot of room to increase it' s DPU.
Furthermore, the free cash will be invested and there will be more cash coming. If you all had noticed, KIT' s free cash had been increasing every year.
https://links.sgx.com/FileOpen/KIT%202H%20and%20FY2021%20-%20Financial%20Highlights%20and%20Unaudited%20Results_MREL.ashx?App=Announcement& FileID=698978
it showed that KIT had a net cash positive position of 809.7 million after deducting the div, operating cost etc. Thus KIT still had a lot of room to increase it' s DPU.
Furthermore, the free cash will be invested and there will be more cash coming. If you all had noticed, KIT' s free cash had been increasing every year.
Yes I noticed that too, but was not worried about it as the free cash this time actually became 800 plus million which could easily cover any increase or the whole dividend payout for 4 years plus. Also KIT had been repeatedly saying that " Keppel Infrastructure Trust (KIT) delivered Group EBITDA and FCFE2 of $317.6 million1 and $192.2 million respectively in FY 2021, lower as compared to FY 2020 due mainly to the under recovery of fuel cost as a result of the timing difference inherent in the fuel price pass through gas tariff mechanism of City Energy."
Remember there was a time the DPU was only 82%? Yet all the nay sayers were focusing on the bad news on Brasslink, now brasslink had been dumped, the gearing had dropped to low of 20% and KIT business going to expand further, there is no wrong in increasing the dividend as it had not increase the div since 2016. Furthermore, even when the KIT was not making much revenue, it had been maintaining the Div of 0.0093 a quarter for years. Remember also for IXOM purchase, there was a share issue of 0.441 cause that time KIT' s balance sheet was very weak...now with the extra free cash of 800 million plus, KIT did not issue any shares since 2019 to purchase companies like phillipine coastal, 30% of hyflux etc. The CEO' s decision on increasing the div now is very timely as there were many new things that he is going to implement e.g expanding biz to europe, middle east, city energy' s EV charging (could be more initiatives coming as an ESG had been setup), bolt on acquisation from IXOM etc
Thus, don' t be overly worried and nit pick on the not so good things, every company also got it' s good and bad, if we continue to just see the negative part, then we might as well don' t buy any stock. And not forgetting Temasek is the major shareholder of KIT, owning 1/3 of KIT...Those nay sayers must be cursing and swearing now, cause these nay sayers could be the same idiots who short sold KIT for around 88% and 76% of it' s total traded vol for 2 days. If these idiots had not covered KIT, they will have to pay the increased div.
Huat to all real investors of KIT!!
Remember there was a time the DPU was only 82%? Yet all the nay sayers were focusing on the bad news on Brasslink, now brasslink had been dumped, the gearing had dropped to low of 20% and KIT business going to expand further, there is no wrong in increasing the dividend as it had not increase the div since 2016. Furthermore, even when the KIT was not making much revenue, it had been maintaining the Div of 0.0093 a quarter for years. Remember also for IXOM purchase, there was a share issue of 0.441 cause that time KIT' s balance sheet was very weak...now with the extra free cash of 800 million plus, KIT did not issue any shares since 2019 to purchase companies like phillipine coastal, 30% of hyflux etc. The CEO' s decision on increasing the div now is very timely as there were many new things that he is going to implement e.g expanding biz to europe, middle east, city energy' s EV charging (could be more initiatives coming as an ESG had been setup), bolt on acquisation from IXOM etc
Thus, don' t be overly worried and nit pick on the not so good things, every company also got it' s good and bad, if we continue to just see the negative part, then we might as well don' t buy any stock. And not forgetting Temasek is the major shareholder of KIT, owning 1/3 of KIT...Those nay sayers must be cursing and swearing now, cause these nay sayers could be the same idiots who short sold KIT for around 88% and 76% of it' s total traded vol for 2 days. If these idiots had not covered KIT, they will have to pay the increased div.
Huat to all real investors of KIT!!
YSY369 ( Date: 01-Feb-2022 09:20) Posted:
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Yes..... I do welcome the DPU increase, and DBS research give it a TP of 60cents. While enjoying the positive side, we should be watchful on the negative side as well. 2 items I had notice. 1) FCFE decrease by 18.5% for H2 2021 against H2 2020 to 91.5Mil (page 2 of 44 in unaudited result published in SGX) 2) 92.8Mil was paid to unit holders for dividend (page 17 of 44), which mean payout ratio is more than 100%. Coming H1 2022 will be > 92.8mil, due to increase in DPU. Unless KIT do "magic" to increase the FCFE, else the payout ratio will be a negative point. Anyway..... happy cny 2022 to those that follow this threat.
From the article...Given the DPU increase signal, Basslink story mostly behind us, and chances of further DPU accretion in the near future on the back of inorganic growth, KIT, with yield of 6.9% at current prices, promises to be a more exciting story in the times to come. Maintain BUY with TP of S$0.60.
https://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/012022/KIT_SP_01272022.xml
https://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/012022/KIT_SP_01272022.xml
Keppel Infrastructure Trust: Dividend uplift finally!
- Keppel Infrastructure Trust: Dividend uplift finally!
- For the first time since listing in its current avatar, KIT management increases DPU (albeit marginally) in 2H21 FY21 DPU of 3.78Scts up 1.6% over usual annual DPU of 3.72Scts
- Basslink under insolvency, deconsolidated from financials, frees up balance sheet for further debt-funded growth
- Strategic review under new CEO points towards bigger M& A ambitions, and this time, should be DPU accretive unlike in the past
- Maintain BUY TP US$0.60, currently trades at c.7% yield
FCFE (distributable cash flows) lower than expected in 2H21/ FY21, but management decides to reward unitholders with slightly higher DPU
- KIT recorded FCFE of S$192.2m in FY21, down 15% y-o-y, and adjusted EBITDA of S$317.6m, down 3% y-o-y
- 2H21 FCFE was S$91.6m, down 18.5% y-o-y and 9% q-o-q, largely impacted by City Energy (previously City Gas) numbers as a result of the timing differences in the fuel price pass through gas tariff mechanism
- 4Q21 FCFE was S$46.9m, -30% y-o-y but +5% q-o-q, as the drag from City Energy was more than offset by good performance at Ixom
- Despite the lower than expected FCFE, management team decided to up DPU for the first time in years, from 1.86Scts in 1H21 to 1.92Scts in 2H21, to reward unitholders, as underlying businesses are performing well and City Energy earnings will smoothen out over time
- Full year DPU amounts to 3.78Scts for FY21, up 1.6% over FY20, and required DPU payout of S$188.7m is still well within the FCFE for FY21
Deconsolidation of Basslink following insolvency proceedings frees up balance sheet
- To recap, KIT&rsquo s problem asset Basslink entered voluntary administration on 12 Nov 2021 and operations are currently under control by the receiver and manager
- KIT thus deconsolidated Basslink related revenues, earnings, assets and liabilities from financial statements as discontinued operations
- Given that Basslink had net negative equity on balance sheet (liabilities > assets), this has helped lower Group level gearing (debt/ assets) from 32.1% as of end-FY20 to 20.3% as of end-FY21, and net debt/ adjusted EBITDA has similarly fallen from 4.2x to 2.9x
- Given that KIT can choose to lever up to at least 40% if not 50% (benchmarking with S-REITS), this frees up balance sheet for more than S$1bn+ of debt-funded acquisitions in future
- Management maintained that there are no further contingent liabilities related to Basslink at KIT level
Strategic review provides clearer acquisition roadmap
- Under new CEO, Mr. Jopy Chiang, KIT undertaken a strategic review of its portfolio and future plans
- Three key strategic growth pillars &ndash i) sweat existing assets harder (City Energy has new and upcoming business lines including EV charging stations), chase operating efficiencies, make bolt on acquisitions like the ones seen at Ixom in recent past, ii) leverage Keppel ecosystem for opportunities and access to funding, and iii) actively pursue inorganic growth opportunities that will be yield-accretive
- The inorganic story will focus on traditional asset classes like utilities, transmission & distribution assets, assets that benefit from energy transition story like renewables, digital and communications assets like towers that support the digital economy (not data centres, outside purview) and socio-economic infrastructure assets like roads and other transport infrastructure
- In terms of geography, KIT will focus on opportunities in developed markets in Asia-Pacific &ndash adding Japan and S. Korea to the purview apart from its existing markets of Singapore, Australia and NZ &ndash and select EMEA markets including UK, EU and UAE
- The decision to increase DPUs in 2H21 also signals that unlike in the past (read: Ixom and Philippine Coastal), KIT will be open to increasing distributions on the back of accretive acquisitions, in line with investor feedback
- KIT has recently increased its firepower by issuing S$200m MTN at 3% interest rate in December 2021 under its S$2bn Multicurrency Debt Issuance Programme
Last but not the least, sharpens ESG focus to stay in tune with the times
- In the past, KIT has been quite reticent about its sustainability plans, which was worrying, especially given its exposure to gas-fired power plants, petroleum storage tanks etc. among the asset portfolio, but things are changing now
- KIT has established a dedicated Board ESG committee to oversee long-term carbon and non-carbon targets and the implementation of KIT&rsquo s sustainability strategy, in line with global best practices
- Aligning itself to UN SDGs with 9 out of 17 goals identified as material &ndash among other targets, KIT will implement the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations to disclose climate-related risks and opportunities over the next 2 years, will look to achieve 30% carbon intensity reduction by 2030 based on 2019 levels, and increase exposure to renewable energy by up to 25% of equity-adjusted AUM by 2030
- While KIT had so far shied away from making investments in renewables related projects, current goals seem to indicate there will be more action on this front in the foreseeable future, though management will need to ensure adequate returns on capital by identifying the right pockets of opportunity in an otherwise crowded renewables market
- KIT currently has a MSCI ESG rating of &ldquo A&rdquo , 1 notch above &ldquo BBB&rdquo , which is typically considered investment grade ESG rating, and will be looking to improve its rating further
Given the DPU increase signal, Basslink story mostly behind us, and chances of further DPU accretion in the near future on the back of inorganic growth, KIT, with yield of 6.9% at current prices, promises to be a more exciting story in the times to come. Maintain BUY with TP of S$0.60.
Mother company KC doing very well...Huat to their shareholders too!!
Keppel FY21 profit hits 6-year high of S$1b, unveils S$500m share buyback programme
htps://www.businesstimes.com.sg/companies-markets/wealth-investing/keppel-fy21-profit-hits-6-year-high-of-s1b-unveils-s500m-shareLobster ( Date: 27-Jan-2022 08:56) Posted:
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Correct. I think the current CEO ambition very big, cause he is now talking about expanding to other Tier 1 (other APAC: Japan, Korea), Tier 2 (EMEA: Europe, UK and middle east) and oppurtuntistic (US and the rest of the world).
In the slides it was also mentioned that : Build a well-diversified portfolio of infrastructure businesses and assets that generate long-term growth in distributions and contribute to a sustainable future. Thus we could expect more increase in the dividends in the coming years.
Furthermore, KIT had braved the financial crisis and also this pandemic and now is emerging stronger, thus I feel that this KIT is somewhat protected from all the crisis and thus is a worthwhile share to hold like...forever.
In the slides it was also mentioned that : Build a well-diversified portfolio of infrastructure businesses and assets that generate long-term growth in distributions and contribute to a sustainable future. Thus we could expect more increase in the dividends in the coming years.
Furthermore, KIT had braved the financial crisis and also this pandemic and now is emerging stronger, thus I feel that this KIT is somewhat protected from all the crisis and thus is a worthwhile share to hold like...forever.
HVRRVH ( Date: 27-Jan-2022 15:01) Posted:
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And the gearing is incredibly low at 20%. May be good if want to buy assets for growth even though suitable assets may not be easy to find. Regardless, I think this is a keeper with such good yield.
whisng ( Date: 27-Jan-2022 09:48) Posted:
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Free cash now is 809.8 million, meaning it can substain it' s currect div for 4.22 years. Huat ah!!
Keppel Infrastructure Trust posts 1.6% growth in FY2021 DPU to 3.78 cents
https://www.theedgesingapore.com/capital/results/keppel-infrastructure-trust-posts-16-growth-fy2021-dpu-378-cents
Keppel Infrastructure Trust (KIT) announced that its DPU for FY2021 ended December 2021 came in at 3.78 cents, a first-time increase of 1.6% from the annual payout of 3.73 cents since 2016.On the back of this, the group achieved a 5.1% y-o-y increase in revenue to $1.6 billion, compared to $1.5 billion in the previous year, largely driven by higher contribution from City Energy and Ixom.
Overall, the group saw an increase in costs and expenses, which includes a 33.9% y-o-y increase in fuel and electricity cost to $135.6 million, a 15.7% increase in staff costs to $165.2 million and a 10.6% increase in other operating expenses to $108.6 million.
Profit for the year from continuing operations however declined by 36.7% to $23.8 million from $37.6 million a year ago.
As at end December 2021, the trust&rsquo s cash and cash equivalents stood at $809.8 million.
Looking ahead, the trust intends to build a well-diversified portfolio of infrastructure businesses and assets that generate long-term growth in distributions and contribute to a sustainable future. It plans to drive growth organically and inorganically, while leveraging the Keppel ecosystem for opportunities.
It has a &ldquo renewed focus towards growth&rdquo , as it plans to push its focus on evergreen, yield accretive assets and businesses that will benefit from secular growth trends. Some of the key asset classes that the trust is looking into include traditional asset classes with long-term utility-like contracted cash flows asset classes that benefit from the low-carbon economy asset classes that support the digital economy and socio-economic infrastructure that furthers economic growth and enhances social well-being.
Units in KIT closed at 55 cents on Jan 26.
Including an 80.3% increase in losses from discontinued operations of $161.9 million, the group recorded a loss of $128.8 million, significantly higher than $34.5 million in the previous year, due mainly to derecognition of Basslink net of higher contribution from Ixom.
Bought in somemore at 0.555. Don' t know why now still got idiots selling, they don' t want the increased div meh?? Why got so many brainless F people ah??