Materials(IN30241.SG)

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Keppel Infrastructure Trust locks $100m loan agreement

Keppel Infrastructure Trust (KIT) has secured a $100 million loan facility and $75.4 million in uncommitted revolving credit and bank guarantee facilities. The loan terms stipulate that if Keppel Infrastructure Fund Management (KIFM) loses its ownership by Keppel Capital Holdings or Keppel Ltd, or if it resigns or is removed without a replacement, it could trigger cross-default provisions on other borrowings totaling approximately $1.56 billion. The announcement highlights the financial strategies and risks associated with the trust's management.

Singapore Business Review·
SG
A7RU
+1.94%
Singapore Business Review·
SG
A7RU
+1.94%

Street View: UltraTech Cement's quarterly results runaway hit, outlook bright

UltraTech Cement reported a 27% year-on-year increase in third-quarter net profit and a 23% rise in net sales, driven by a 15% increase in sales volumes. Following the results, the stock received multiple price target hikes and rating upgrades from various research firms, highlighting its strong operating performance and market position. Analysts from PhillipCapital, Emkay, Systematix, and Elara Securities expressed confidence in the company's growth prospects, citing its capacity, cost-saving abilities, and expansion plans as key strengths.

Reuters·
SG
KUO
0.00%
Reuters·
SG
KUO
0.00%

Stocks to watch: ST Engineering, MLT, KIT, OUE Reit, Low Keng Huat

On January 27, several companies in Singapore reported significant developments affecting their stock trading. ST Engineering announced a contract for next-gen Infantry Fighting Vehicles, with shares rising 0.4% to S$9.40. Mapletree Logistics Trust's DPU fell 9.3%, leading to a 0.7% drop in units to S$1.35. Keppel Infrastructure Trust secured a S$100 million loan, with units closing flat at S$0.515. OUE Reit reported a 10.6% increase in DPU, but units fell 1.4% to S$0.365. Low Keng Huat is set for privatization after securing 93.84% of shares, ending flat at S$0.78.

Businesstimes News·
SG
M44U
0.00%
SG
S63
+1.37%
SG
A7RU
+1.94%
Businesstimes News·
SG
M44U
0.00%
SG
S63
+1.37%
SG
A7RU
+1.94%

Keppel Infrastructure Trust obtains a credit line of 100 million yuan | Lianhe Zaobao

Keppel Infrastructure Trust has obtained a SGD 100 million credit facility and a EUR 50 million uncommitted revolving credit and bank guarantee credit facility. The financing arrangement requires the trust management company to be wholly owned by Keppel Capital or Keppel Corporation. If there is a change in control or the management company resigns without appointing a qualified successor, the outstanding loans may become immediately due, which could trigger cross-defaults. The management company stated that no such events have occurred to date. The stock price remains at SGD 0.515

Zaobao·
SG
BN4
-0.27%
SG
A7RU
+1.94%
Zaobao·
SG
BN4
-0.27%
SG
A7RU
+1.94%

Infinity Development Holdings Declares Final Cash Dividend of HKD 0.103 per Share

Infinity Development Holdings Company Ltd. has declared a final cash dividend of HKD 0.103 per share for the financial year ending September 30, 2025. The SGD equivalent will be announced later. This distribution is applicable to depositors with securities accounts at The Central Depository (Pte) Limited, with relevant date changes detailed in the company's announcement.

Reuters·
SG
ZBA
0.00%
Reuters·
SG
ZBA
0.00%
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