KIT : 1H21 Results

KinKat
2021-07-29

$KEPPEL INFRA TRUST WEF 2015(A7RU.SI)$

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%. 

SGX Stocks Opportunities
Share SGX companies' analysis and opportunities with Tigers!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
1