Kep Infra Tr    Last:0.52    +0.01

KIT

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.

 

When is the subscription date for the public rights issue?  I could not find the dates on KIT announcements. 

 

KIT is a business trust and not a REIT.  Thus the standard regulations governing REIT might not apply to a business trust. 

ehclim      ( Date: 26-Apr-2023 06:42) Posted: Thanks for correcting the mistake, iCR=(23.5+111.7)/111.7= 1.21 which is still relatively low.  MAS had proposed to require S-REITs to have a minimum ICR of 2.5 times.   awhoward      ( Date: 22-Apr-2023 15:44) Posted: You need to add back the $111.7m to calculate EBIT.

 

Basically, S-REIT average ICR is about 3.5x which gives them higher headroom to take more debts.

ehclim      ( Date: 26-Apr-2023 09:23) Posted: High ICR is better which gives the company higher moat. actan99      ( Date: 26-Apr-2023 09:13) Posted: So its good or bad ? Thank

 

High ICR is better which gives the company higher moat.

actan99      ( Date: 26-Apr-2023 09:13) Posted: So its good or bad ? Thanks ehclim      ( Date: 26-Apr-2023 06:42) Posted: Thanks for correcting the mistake, iCR=(23.5+111.7)/111.7= 1.21 which is still relatively low.  MAS had proposed to require S-REITs to have a minimum ICR of 2.5 times.

 

So its good or bad ? Thanks

ehclim      ( Date: 26-Apr-2023 06:42) Posted: Thanks for correcting the mistake, iCR=(23.5+111.7)/111.7= 1.21 which is still relatively low.  MAS had proposed to require S-REITs to have a minimum ICR of 2.5 times.   awhoward      ( Date: 22-Apr-2023 15:44) Posted: You need to add back the $111.7m to calculate EBIT.

 

Thanks for correcting the mistake, iCR=(23.5+111.7)/111.7= 1.21 which is still relatively low.  MAS had proposed to require S-REITs to have a minimum ICR of 2.5 times.

awhoward      ( Date: 22-Apr-2023 15:44) Posted: You need to add back the $111.7m to calculate EBIT.  ehclim      ( Date: 16-Apr-2023 13:45) Posted: From their AR22 report, EBIT was $23.5m whereas their finance costs were $111.7m. Interest Coverage Ratio, ICR = EBIT/ Interest Expense which is 23.5m/111.7 equals to 0.2x which is way below the recommended ICR of 5 times. DYODD

 

Good info

 

You need to add back the $111.7m to calculate EBIT. 

ehclim      ( Date: 16-Apr-2023 13:45) Posted: From their AR22 report, EBIT was $23.5m whereas their finance costs were $111.7m. Interest Coverage Ratio, ICR = EBIT/ Interest Expense which is 23.5m/111.7 equals to 0.2x which is way below the recommended ICR of 5 times. DYODD. vicloo      ( Date: 16-Apr-2023 12:51) Posted: 👍 👍 👍

 

Good point. One needs to ensure one has the amount of uninvested money in your SRS and if not one can still transfer if contribution for this year has not been max out. Another is selling another SRS equity to raise the required amount assuming KIT is deemed preferred over other equity. Personal investment planning thought required. 

investshare      ( Date: 21-Apr-2023 12:35) Posted: Srs is really a problem, if not enough money in srs account will be a problem. paul1688      ( Date: 21-Apr-2023 11:51) Posted: SRS application for rights do not go through ATM (which is based on your cash accounts). Your SRS bank will send you a mail to reply how much Rights you wish to apply. In the past you can only return the Reply portion by return mail or fax. Note by the time you receive the mail, you may have literally just a few days to reply to meet the due date time so you need to factor in days to get back to them if you use postal submission. Some banks today has a more instant and swift digital reply method. Example DBS offer the use of their Digibot for SRS investors to reply digitally and acknowledgment is immediate and fast - I recommend this mode if you are subscribing.

 

Srs is really a problem, if not enough money in srs account will be a problem.

paul1688      ( Date: 21-Apr-2023 11:51) Posted: SRS application for rights do not go through ATM (which is based on your cash accounts). Your SRS bank will send you a mail to reply how much Rights you wish to apply. In the past you can only return the Reply portion by return mail or fax. Note by the time you receive the mail, you may have literally just a few days to reply to meet the due date time so you need to factor in days to get back to them if you use postal submission. Some banks today has a more instant and swift digital reply method. Example DBS offer the use of their Digibot for SRS investors to reply digitally and acknowledgment is immediate and fast - I recommend this mode if you are subscribing.

 

SRS application for rights do not go through ATM (which is based on your cash accounts). Your SRS bank will send you a mail to reply how much Rights you wish to apply. In the past you can only return the Reply portion by return mail or fax. Note by the time you receive the mail, you may have literally just a few days to reply to meet the due date time so you need to factor in days to get back to them if you use postal submission. Some banks today has a more instant and swift digital reply method. Example DBS offer the use of their Digibot for SRS investors to reply digitally and acknowledgment is immediate and fast - I recommend this mode if you are subscribing.

 

How about buying rights from SRS? also ATM?

Tanahkow      ( Date: 20-Apr-2023 19:58) Posted: The company will send you notice on the dates, go to bank ATM (Normally DBS, OCBC and UOB), apply under rights offer for your entitlement which will be listed on the screen. You may also apply excess and they will usually gave you the round up nunber of units if you application is small newbeesss      ( Date: 20-Apr-2023 18:58) Posted: Hi All, I am new to stock trading. Just nice, i have some holdings. Tried to read, but then dont know how to buy the rights. Can someone guide me please.

 

When will receive the dates?

 

If first time applying via ATM, you may asked to enter your CDP number.

Tanahkow      ( Date: 20-Apr-2023 19:58) Posted: The company will send you notice on the dates, go to bank ATM (Normally DBS, OCBC and UOB), apply under rights offer for your entitlement which will be listed on the screen. You may also apply excess and they will usually gave you the round up nunber of units if you application is small newbeesss      ( Date: 20-Apr-2023 18:58) Posted: Hi All, I am new to stock trading. Just nice, i have some holdings. Tried to read, but then dont know how to buy the rights. Can someone guide me please.

 

The company will send you notice on the dates, go to bank ATM (Normally DBS, OCBC and UOB), apply under rights offer for your entitlement which will be listed on the screen.

You may also apply excess and they will usually gave you the round up nunber of units if you application is small

newbeesss      ( Date: 20-Apr-2023 18:58) Posted: Hi All, I am new to stock trading. Just nice, i have some holdings. Tried to read, but then dont know how to buy the rights. Can someone guide me please.

 

Hi All,

I am new to stock trading.

Just nice, i have some holdings.

Tried to read, but then dont know how to buy the rights.

Can someone guide me please.

 

Price go up Ki leh. no drop after starting trading again ? 

 

 

Ok 15 years to 2038.
One thing good is that Germany just announced to shut down all nuclear plants, so demand from other energy source shld increase.

ehclim      ( Date: 19-Apr-2023 11:49) Posted: BKR2 operates under the German EEG 2014 market premium mechanism, which has an attractive Feed-in-Tariff and guaranteed floor price till 2038, providing strong cash flow visibility for the project. This arrangement de-risks the asset. The project also holds a 20-year power purchase agreement and a 20-year operations and maintenance agreement (OMA), until 2038, with Ø rsted. The long-term OMA has a largely fixed operational cost base which provides significant cost certainty and cash flow visibility. As the 50% shareholder of BKR2, Ø rsted will continue to operate BKR2 with a strong alignment of interest. investshare      ( Date: 19-Apr-2023 08:31) Posted: Did KIT disclose any agreement with Germany government? Example when end of subsidy? End of electricity price or purchase obligation?

 

SPVs were typically used only by financial institutions and those in the real estate market. The concept allowed a parent company to make highly leveraged or speculative investments via their Special Purpose Vehicles without endangering the entire company.

ehclim      ( Date: 19-Apr-2023 11:50) Posted: Keppel Corporation Limited (Keppel Corporation or together with its subsidiary, the Group) and Keppel Infrastructure Fund Management Pte Ltd (KIFM), the Trustee-Manager of Keppel Infrastructure Trust (KIT), are pleased to announce that they are jointly investing &euro 305.0 million (approximately S$445.3 million[2]) to acquire a 50.01%[3]  stake in a special purpose vehicle (SPV) that holds 50% of Borkum Riffgrund 2 (BKR2), an offshore wind farm in Germany. The SPV is currently wholly owned by Gulf International Holding Pte. Ltd., a subsidiary of Gulf Energy Development Public Company Limited (Gulf), one of Thailand&rsquo s largest private power producers.