Keppel Infrastructure, the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Lim Siew Khee from CGS International reiterated a Buy rating on the stock and has a S$0.60 price target.
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Lim Siew Khee has given his Buy rating due to a combination of factors including stronger distributable income momentum, supportive concession developments, and an uplifted payout outlook.
Revenue drivers such as Ixom’s bolt-on acquisition and City Energy’s pricing and volume tailwinds are expected to keep earnings resilient through FY26F. The concession renewal for SingSpring enhances cash flow visibility, while expanding EMK’s incineration capacity offers a path out of losses as Korea tightens landfill rules. With FY26F DPU forecasts nudged higher to imply a 7.6% yield and a refreshed S$0.60 valuation derived from DDM/PFFO, Lim sees sufficient upside catalysts to sustain a Buy view despite weather and policy risks.
According to TipRanks, Siew Khee is ranked #2568 out of 11984 analysts.
In another report released yesterday, TipRanks – OpenAI also upgraded the stock to a Buy with a S$0.58 price target.