0250 GMT - Keppel Infrastructure Trust's acquisition of a 50% equity interest in Marina East Water looks positive, OCBC Investment Research's Ada Lim says in a note. The bank maintains the trust's buy rating. The acquisition entitles the trust to full economic benefit from MEW, which owns Keppel Marina East Desalination Plant. The acquisition is expected to be accretive to unitholders, as the plant is a high-quality asset that will generate long-term stable cash flows, Lim says. The nature of this asset is also aligned with the trust's portfolio and deepens exposure to water treatment in Singapore, she adds. However, OCBC trims the trust's fair value estimate to S$0.500 from S$0.510 to reflect factors including a higher risk-free rate. Units are unchanged at S$0.450. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 21:50 ET (02:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。