News for Keppel Infrastructure Trust (KPLIF)

Singapore's Keppel posted a 5% rise in its full-year underlying profit on Wednesday, as earnings for its connectivity segment were boosted by strong demand for digital infrastructure required for artificial intelligence-based services. Annual net profit for Keppel's connectivity arm, which operates its data centre business, rose nearly 45%. Data centres house computer servers and equipment that companies use to process and store data.

We highlight four interesting Singapore REITs and business trusts that could pique your attention.

PRIVATE equity firm I Squared Capital, through its Philippine affiliate, will buy Philippine Tank Storage International from Singapore's Keppel Infrastructure Trust and Metro Pacific Investments Corp. in a $296-million deal.

Conglomerate Metro Pacific Investments Corp. is exiting the fuel logistics business, selling its entire stake in Philippine Coastal Storage & Pipeline Corp. for about $148 million.

Metro Pacific Investments—a unit of Indonesian tycoon Anthoni Salim’s Hong Kong-based First Pacific—is exiting from the Philippines’ largest imported oil storage facility.

SINGAPORE/MANILA — Owners of Philippine Tank Storage International are seeking to bring a strategic investor into the company that runs the biggest petroleum products import storage facility in the country, two people with knowledge of the matter said.

Earnings call: Keppel Limited's H1 2024 financial results show growth

Keppel Ltd (OTCPK:KPELF) Q2 2024 Results Conference Call July 31, 2024 10:00 PM ETCompany ParticipantsManjot Singh Mann - CEO Connectivity and CEO, M1Lu-yi...

Entire proceeds of the loan will be used to repay earlier loan that matures on June 30, 2027. Read more at straitstimes.com.

Deliberations are ongoing and details may change, the sources said.  Read more at straitstimes.com.

/PRNewswire/ -- Frost & Sullivan Institute is proud to present the prestigious Enlightened Growth Leadership Awards, 2023, honoring organizations that embody a...