SINGAPORE (Jan 23): UOB Kay Hian is maintaining its “buy” call on Keppel Infrastructure Trust with a target price of 61 cents.
In a Tuesday report, analyst Foo Zhiwei says, “This is premised on the successful disposal of Basslink, with the proceeds re-invested into an asset yielding 6%.”
The trust also announced its 4Q17 earnings result on Monday, posting DPU for the quarter remained unchanged at 0.93 cents, bringing total DPU for FY17 to 3.72 cents.
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