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Home / Capital / Brokers Calls

Dividends for Keppel Infrastructure Trust to stay stable: DBS

Broker's Calls

Dividends for Keppel Infrastructure Trust to stay stable: DBS

Lim Hui Jie Published on Mon, Oct 26, 2020 / 12:35 PM GMT+8

DBS Group Research’s Suvro Sarkar has maintained his “buy” rating on Keppel Infrastructure Trust (KIT), along with a raised target price of 58 cents, higher than the previous figure of 57 cents.

Sarkar said KIT should be able to maintain its record of steady distributions per unit (DPUs) in 2HFY2020, as distributable cash flows for the first nine months have provided a sufficient buffer.