$KEPPEL INFRA TRUST WEF 2015(A7RU.SI)$
Most Important Announcement
° DPU = 1.86ct maintained (Semi-Annual)
Distributable Cash Flow Still Healthy
° DCF / Unit = 2.02ct > DPU = 1.86ct
° Very important matrix as it shows the ability to pay DPU are coming from available DCF
Additional Info
° Acquisition of 30% SingSpring (Already owns 70%)
Last Comments
° Very happy to see DPU = 1.86ct maintained & not reduced or stopped (like what happened to REITs or other listcos).
° Having issued Preps (Perpetual Securities), it looks unlikely KIT will issue Rights to fund their acquisition of PCSPC (Phillipine Coastal).
° Note that Preps is recognized not as debts but rather, securities in accounting. This explains why Gearing is now healthier at 30.1%.
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