0531 GMT - Keppel Infrastructure Trust's balance sheet is poised to improve on the divestment of its 24.62% stake in Australia's Ventura Motors for roughly S$109 million, CGS International analysts say in a research report. The trust's gearing could trend lower, assuming management uses the divestment proceeds to reduce debt, they say. A strengthened balance sheet for the trust with better debt headroom could pave the way for accretive acquisitions. The brokerage likes the trust for its diversified income streams and attractive returns, amid a favorable rate outlook. CGS International initiates coverage of the trust with an add rating and a target price of S$0.45. Units are 1.3% higher at S$0.40. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 30, 2025 01:31 ET (05:31 GMT)
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