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%. 

免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。

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