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Showing posts with label K-Green. Show all posts
Showing posts with label K-Green. Show all posts

Friday, April 15, 2011

K-Green Trust Q1 2011 Quarterly Earnings Report

K-Green Trust Q1 2011 Quarterly Earnings Report:
Key Points
  • The profit after tax achieved for the first quarter of 2011 was $3.5 million,
    5.4% higher than projection.
  • Earnings per unit (EPU) for the first quarter of 2011 was 0.56 cents.
  • Net asset value per unit as at 31 March 2011 was $1.12.
  • Free cash flow for the quarter was $9.5 million.
Author's Note
There will be no distribution this quarter as the business trust has a semi-annual distribution policy. The previous semi-annual distribution in Mar 2011 was 4.31 cents. The next distribution is expected in the Jul-Aug 2011 period.


The projected distribution can be found in the Listing Prospectus.

Based on the prospectus, following are the projected DPU for 2010/2011:
  • For the period from the Listing Date up to and including 31 December 2010, the Forecast DPU is 3.91 cents.
  • For the first half of 2011, the Forecast DPU is 3.13 cents.
  • For the second half of 2011, the Forecast DPU is 4.69 cents.
The closing price before the announcement of results on 14 Apr 2011 was S$1.14, which is below the NAV of S$1.12. To date, the trust has not announced any acquisition plans and is currently at zero debt.

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Thursday, March 31, 2011

Date of Result Release for Q1 2011 for K-Reit, K-Green, Kepland, Keppel Corp

Updated date of Result Release for Q1 2011:

Company Date of Result Release
K-Green 14/04/11
K-Reit 14/04/11
Keppel Land 19/04/11
Keppel Corp 20/04/11

Latest Update at Results Release.

Tuesday, January 18, 2011

K-Green Trust Q4 2010 Quarterly Earnings Report

K-Green Trust Q4 2010 Quarterly Earnings Report:
Key Points
  • Profit after tax for the period from date of listing on 29 June to 31 December 2010 was $8.7 million, 22.1% higher than forecast.
  • Earnings per unit (EPU) for the period from date of listing to 31 December 2010 were 1.39 cents.
  • Net asset value per unit as at 31 December 2010 was $1.16.
  • Distribution per unit (DPU) of 4.31 cents was higher than forecast by 10.2%.
  • Annualised distribution yield was 7.9% based on unit closing price of $1.07 on 31 December 2010.
  • Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with Units at 5.00 pm on 24 February 2011 will be entitled to the distribution.
  • The distribution that will be paid on 10 Mar 2011. 
Author's Note
K-Green has announced its first distribution for the period from the Listing Date (29 Jun 2010) up to and including 31 December 2010. The DPU declared is 4.31 cents, which is above the 3.91 cents projected in the Listing Prospectus.

Based on the prospectus, following are the projected DPU for 2010/2011:
  • For the period from the Listing Date up to and including 31 December 2010, the Forecast DPU is 3.91 cents.
  • For the first half of 2011, the Forecast DPU is 3.13 cents.
  • For the second half of 2011, the Forecast DPU is 4.69 cents.
The closing price before the announcement of results on 18 Jan 2011 was S$1.10, which is below the NAV of S$1.16. To date, the trust has not announced any acquisition plans and is currently at zero debt.

Related Posts

Tuesday, January 4, 2011

Date of Result Release for Q4 2010 for K-Reit, K-Green, Kepland, Keppel Corp

Updated date of Result Release for Q4 2010:

Company Date of Result Release
K-Green 18/01/11
K-Reit 20/01/11
Keppel Land 24/01/11
Keppel Corp 25/01/11

Latest Update at Results Release.

Monday, October 18, 2010

K-Green Trust Q3 2010 Quarterly Earnings Report

Q3 2010 results for K-Green Trust:
Key Points
  • The profit after tax achieved for the period from date of listing on 29 June to 30 September 2010 was $4.6 million, 26.5% higher than forecast.
  • Profit after tax for the third quarter was $4.4 million.
  • EPS for the period from date of listing to 30 September 2010 was 0.73 cents.
  • Free cash flow for the third quarter was $19.2 million.
  • Net asset value per unit as at 30 September 2010 was $1.15.
  • As at 30 September 2010, the Group does not have any borrowing.
Author's Note
This is the first quarterly earnings report by the trust since its listing on 29 Jun 2010. There is no dividend recommended for the current financial period reported on. As indicated in the IPO Prospectus, the first distribution after listing date will be for the period from the listing date up to and including 31 December 2010. Subsequent distributions will take place on a semi-annual basis. So we shall expect the first distribution to be around Jan-Feb 2011 period.

Monday, October 4, 2010

Date of Result Release for Q3 2010 for K-Reit, K-Green, Kepland, Keppel Corp

Updated date of Result Release for Q3 2010:

Company Date of Result Release
K-Reit 18/10/10
K-Green 18/10/10
Keppel Land 20/10/10
Keppel Corp 21/10/10


Latest Update at Results Release.

Tuesday, June 29, 2010

Financial News - 29 JUN 2010: Keppel lists green infrastructure business trust

Keppel lists green infrastructure business trust. See press release.

Key Points
  • Keppel Corporation Limited has listed K-Green Trust (KGT) (佳绿信托), its "green" infrastructure focused business trust on the Main Board of SGX earlier today.
  • The investment objective of KGT is to invest in "green" infrastructure assets in Singapore and globally with a focus on Asia, Europe and the Middle East. 
  • KGT aims to provide long-term, regular and predictable distributions to its Unitholders.
  • KGT’s initial portfolio comprises Senoko Waste-to-Energy (WTE) Plant, Keppel Seghers Tuas WTE Plant and Keppel Seghers Ulu Pandan NEWater Plant.
  • The Sponsor of the Trust is Keppel Integrated Engineering Limited (KIE), the environmental engineering division of Keppel Corporation.
  • KGT commenced trading on the Main Board of the SGX-ST at $1.17, with intra-high of $1.33. Trading volume for KGT stood at 33,633,000 and closed at $1.11 at end of trading day.
Author's Note

The share price rose to as high as S$1.33 in morning trading. In the afternoon, there was a broad market sell down of the Asian markets, probably led by the -4.27% (-108.23 points at 2427.05) drop of the Shanghai Composite Index (SSE). The STI closed by -1.38% (-39.65 points at 2830.34). KGT was not spared and closed at the day's low of $1.11, lower than its implied price of $1.16.

Monday, June 28, 2010

Financial News - 28 JUN 2010: K-GREEN TRUST - Admission of 627,644,675 units to the Official List of SGX-ST

K-GREEN TRUST - Admission of 627,644,675 units to the Official List of SGX-ST. See press release.

Key Points
  • The above units will be granted listing and quotation in the Official List of SGX-ST. 
  • Trading in the units will commence on "Ready" basis with effect from 9.00 a.m., Tuesday, 29 June 2010.
  • The short name and abbreviated name are "K-Green" and "K-GREEN" respectively.
  • The units will be quoted in board lots of 1000 units.  
Author's Note
There will be a temporary counter for the trading of odd lots of KGT in board lots of 100 Units for a period of one calendar month from the Listing Date, i.e. from 29 Jun 2010 to 28 July 2010. 

Saturday, June 26, 2010

Stock Target Price - Updated Target Price for KGT by DBS

Updated Target Price for KGT by DBS:

DBS HOLD S$1.20


Latest updates at Stock Target Price.

Thursday, June 3, 2010

Stock Target Price - Updated Target Price for KGT by KIM ENG

Updated Target Price for KGT (K-Green Trust):

KIM ENG Accumulate more upon listing $1.53

Latest updates at Stock Target Price.

Monday, May 31, 2010

Financial News - 31 MAY 2010: Announcement of K-Green Trust by Keppel Corp

PROPOSED DIVIDEND IN SPECIE OF UP TO 325,900,000 UNITS IN K-GREEN TRUST – DESPATCH OF CIRCULAR AND INTRODUCTORY DOCUMENT AND NOTICE OF EXTRAORDINARY GENERAL MEETING AND CLOSURE OF BOOKS. See report and notice of book closure.


Key Points
  • The following documents will be dispatched to the shareholders:
    • a circular to Shareholders dated 31 May 2010 (Circular) containing, inter alia, a notice (Notice of EGM and Closure of Books).
    • an introductory document dated 31 May 2010 (Introductory Document) in relation to the listing of the KGT Units on the Main Board of the SGX-ST.
  • Books Closure Date will be on 22 June 2010 at 5.00 p.m. for the purpose of determining the entitlements of Shareholders to KGT Units pursuant to the Distribution.
  • The proposed Distribution if approved at the EGM on 16 June 2010 will be distributed on 29 June 2010.
Author's Note
The Keppel Corp shares started trading CE (Cum Entitlement) today. The share price went up above $9 in the morning, touching an intraday high of $9.08. In afternoon trading, price starts to come down, closing at $8.82.

Friday, May 28, 2010

Financial News - 27 MAY 2010: Keppel Corp - Receipt of Approvals and Eligibility to list for K-Green Trust

Keppel Corp - Receipt of Approvals and Eligibility to list for K-Green Trust (KGT). See report.

Key Points
  • the National Environment Agency has approved the holding of Senoko Plant and Tuas DBOO Plant by the Trustee-Manager of KGT.
  • the Public Utilities Board has approved the holding of Ulu Pandan Plant by the Trustee-Manager of KGT.
  • the Monetary Authority of Singapore has approved the registration of KGT under the Business Trust Act.
  • the SGX-ST has today granted a conditional eligibility-to-list for the listing of KGT on the Main Board of the SGX-ST by way of an introduction.
  • The Circular in relation to the Proposed Distribution, together with a  notice of the EGM and Closure of Books, as well as the Introductory Document will be despatched to Shareholders in due course. The Company will make further announcements in respect of the Proposed Distribution and the Proposed Listing as and when appropriate.
Author's Note
Just to recap, shareholders of Keppel Corp will receive 1 KGT share as dividend in specie for every 5 Keppel Corp shares, i.e. 200 KGT shares per lot of Keppel Corp shares. The listing will be by way of introduction, so there will not be any IPO for the KGT shares.
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