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. 

See also: Keppel Infrastructure Trust 1Q DPU remains flat at 0.93 cent

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