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Cityspring Infrastructure Trust

Distribution of 1.75 Scts per share flat q-o-q/y-o-y, was in line with expectations.Cash earnings of S$13.9m down 22% y-o-y and 35% q-o-q, largely owing to lower tariffs at CityGasBasslink Telecoms commercialized in July, should benefit from Australian NBN network rollout over next 2-3 yearsMaintain HOLD, TP revised up to S$0.75CitySpring maintained its DPU payout of ...

 

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