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‘Stronger growth pipeline’ for KIT, Basslink troubles behind it: DBS

Lim Hui Jie
Lim Hui Jie8/3/2022 06:36 PM GMT+08  • 3 min read
‘Stronger growth pipeline’ for KIT, Basslink troubles behind it: DBS
Photo Credit: Keppel Corp
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DBS Group Research’s Suvro Sakar has maintained his “buy” call and raised his target price on Keppel Infrastructure Trust (KIT) from 60 cents to 63 cents.

Sarkar notes that KIT has completed or announced a significant line-up of deals so far in 2022, which, in his view “should be DPU accretive unlike in the past.”

He points at projects that include entry into the renewable energy space as well, which should boost KIT’s environmental, social and governance (ESG) credentials.

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