SGX:A7RUChemicals
Keppel Infrastructure Trust (SGX:A7RU) Stock Trails Revenue Growth As Margins Thin
Keppel Infrastructure Trust closed at SGD0.54 on Tuesday, roughly flat over the past quarter, yet the latest half year numbers tell a more tense story. The trust is carrying a high P/E of 60.3x while the trailing 12 month net profit margin sits at 2.2%. That gap between price and profitability is the real headline of this earnings season.
In the very near term you are trading a rich multiple on thin margins. Over a multi year horizon you are weighing that against its earnings track record and...