KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Keppel Infrastructure Trust (KIT) reported a 31.2% y-o-y increase in Distributable Income (DI) to $119.4 million for 1HFY2025, supported by contributions from City Energy, IXOM, new acquisitions, and the divestment of Philippine Coastal Storage and Pipeline Corp.
Distributions per unit (DPU): 1.97 cents (+1% y-o-y)
Key Highlights:
Growth drivers: City Energy & IXOM operations, strategic acquisitions, and value crystallisation from asset sales.
Major acquisition:
April 2025: 46.7% stake in Global Marine Group (GMG) for $122.3 million.
GMG is a leading independent subsea cable solutions provider with long-term contracts, giving KIT exposure to the digital infrastructure sector.
Asset recycling:
Completed divestment of Philippine Coastal in March.
Announced sale of 24.62% stake in Ventura Motors Pty. Ltd. to Samsung Asset Management for A$130 million (~$109 million), expected completion in 3Q2025.
CEO Kevin Neo: “We are crystallising value in excess of $300 million and redeploying into growth sectors like digital infrastructure. GMG adds a new engine of stable cash flows to enhance KIT’s financial resilience.”
Portfolio Snapshot:
Assets under management (AUM): $8.7 billion as of June 30, 2025.
Focus remains on disciplined capital recycling, sustainable cash flow generation, and steady DPU growth.
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