- Singapore Business Review•3 days ago
Keppel Corporation's 24% increase in net profit to $260m was driven primarily by divestment gains, a report by UOB Kayhian said. For instance, its property earnings were partly prevented from sinking further with the $29m gains recorded from the divestment of its 80% stake in a Surabaya company. Meanwhile, the divestment of stake in GE Keppel Energy Services which is estimated at $4.5m contributed to the 129% growth in infrastructure net profit.
- Singapore Business Review•4 days ago
This is for the construction of five jack-up rigs originally for Transocean. Keppel Corporation has entered into a heads of agreement (HOA) with Norway-based Borr Drilling for the construction of five jack-up rigs. The current price of each rig is US$216m, below the original price tag of US$219m paid by Transocean in 2013.
- Singapore Business Review•5 days ago
Keppel's offshore and marine segment (O&M) was a big miss in the past quarter after reporting a mere profit of $95,000. According to DBS Vickers Securities, this is due to the low activity level in the segment. "We forecast revenues from Keppel O&M falling to the around $3-4b levels in each of FY17 and FY18, from $7-8b p.a.
BN4.SI: Summary for Keppel Corp - Yahoo Finance
Keppel Corporation Limited (BN4.SI)
SES - SES Delayed Price. Currency in SGD
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|Day's range||6.47 - 6.57|
|52-week range||5.10 - 7.23|
|PE ratio (TTM)||15.15|
|Dividend & yield||0.14 (2.92%)|
|1y target est||N/A|