Keppel Infrastructure Trust Likely to Benefit From Concession Extensioon -- Market Talk

Dow Jones
Feb 05

0541 GMT - Keppel Infrastructure Trust is set to benefit from the successful extension of its concession with Singapore's Public Utilities Board for Sing Spring Plant, CGS International analysts say. The extension is expected to lift the plant's contribution to distributable income by around S$5 million above the the brokerage's forecasts and comes on better terms achieved than the previous extension. CGS International also expects stronger performance this year from Ixom and City Energy, two core assets that accounted for roughly 40% of the trust's distributable income last year. The brokerage lifts its 2026-2027 revenue estimates for the trust by 8%, raises the unit's target price to S$0.60 from S$0.50 and maintains its unchanged add rating. Units are flat at S$0.53. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 05, 2026 00:41 ET (05:41 GMT)

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