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Dividends for Keppel Infrastructure Trust to stay stable: DBS

Lim Hui Jie
Lim Hui Jie10/26/2020 12:35 PM GMT+08  • 3 min read
Dividends for Keppel Infrastructure Trust to stay stable: DBS
DBS Group Research’s Suvro Sarkar has maintained his “buy” rating on KIT and expects stable DPUs from the Trust.
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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.

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