0323 GMT - Kep Infra Tr gains a new bull in RHB Research's Shekhar Jaiswal, who cites the business trust's high forward yield of 8.6%. Keppel Infrastructure's yield appears to be backed by inflation-linked, contract-based cash flow from essential infrastructure across sectors such as energy transition and distribution and storage, he says in a note. The analyst thinks the Singapore-listed trust is well-placed for accretive growth given its visible deal pipeline and support from its parent company, Keppel. He projects Keppel Infrastructure to have an around 1.2% CAGR in funds from operations over 2024-2027. RHB Research initiates coverage with a buy rating and a S$0.55 target price. Units fall 1.1% to S$0.465. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
November 25, 2025 22:23 ET (03:23 GMT)
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