K-Green

K-Green: Posted net-profit of $4.4 million, 26.5% higher than grp’s forecast of $3.61m with EPS for 3Q at $.70. Underlying performance of assets is expected to remain stable with assets having long-term concession agreements with Singapore statutory bodies. Grp distributions are carried out semi-annually and DPU or FY10 is expected to be on track to meet its annualized div yield for FY10 at 6.82%. Group current trades at 0.95x P/B