DBS Group Research is maintaining its “buy” call on Keppel Infrastructure Trust (KIT) at a revised target price of 57 cents. This is up 3 cents or 5.6% from its previous 54-cent call, analyst Suvro Sarkar says in a July 23 note.

He believes the revised price will give the company a positive 6% upside from its 53.5-cent close on July 22.

Sarkar’s move is in response to KIT’s “steady distribution per unit (DPU)” and “better-than-expected distributable cash flows for 2Q20 ended June”. The company had on July 22 announced a DPU of 0.93 cents, unchanged from the DPU for 2Q19.

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