KIT @ $0.525

Buy @ $0.525

Results were out last evening. DPU = 0.25ct (29-May to 30-Jun). On a yoy basis, Revenue & Profits were lower but FCF was better. But, since CitySpring times, their financials are impossible to compare as there's always some timing difference for CityGas and others…Didn't see any mention on affirmation of Proforma FY14 DPU = 3.73ct used in circular and for now, looks scary… 😀

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