0732 GMT - Keppel Infrastructure Trust's plan to increase its stake in a Singapore power plant could strengthen the business trust's income resilience, say CGS International analysts in a note. The Keppel Merlimau Cogen power plant supplies around 10% of Singapore's electricity needs, which boosts its value from an energy-security perspective, the analysts say. The plant's hydrogen compatibility is also likely to extend its operational runway beyond 2040, when its current capacity tolling agreement expires, they add. The power plant was also upgraded in 2025, financed by Keppel Infrastructure Trust's sponsor Keppel Ltd., the analysts note. CGSI maintains its add rating and S$0.60 target price. Units are flat at S$0.535. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 06, 2026 03:32 ET (07:32 GMT)
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