|Bid||5.88 x 0|
|Ask||5.89 x 0|
|Day's range||5.87 - 5.92|
|52-week range||5.67 - 7.30|
|Beta (3Y monthly)||1.50|
|PE ratio (TTM)||15.04|
|Earnings date||14 Oct 2019 - 19 Oct 2019|
|Forward dividend & yield||0.23 (3.91%)|
|1y target est||8.23|
SINGAPORE (Aug 22): Keppel Corp’s China property arm is jointly developing 3.8ha of land in Nanjing, China, into a commercial and residential mixed-use property. The site has a gross floor area of 99,248 sq m and can yield about 211 residential units, 342 commercial units and 79 shop units, said Keppel on Wednesday. On Wednesday, Keppel Land China unit Shanghai Ming Bu Industrial Co (SMBI) entered a share purchase agreement with Yincheng International Holding Co to acquire a 25% stake in the JV company Nanjing Zhijun Property Development Co for 250 million yuan.
SINGAPORE (Aug 15): KrisEnergy has asked for a court order to restrain the commencement of legal proceedings and enforcement actions by its creditors, for a period of six months. “It would not be feasible for the Company to make all payment(s) of its financial obligations as they fall due and therefore it requires a restructuring of its liabilities,” it added. KrisEnergy’s existing debt agreements included a US$200 million revolving credit facility (RCF) with DBS Bank maturing on June 30 next year, $130 million 4% senior unsecured notes due in 2022 and $200 million 4% senior unsecured notes due in 2023.
SINGAPORE (July 22): Keppel Corporation, the conglomerate with four core businesses comprising property, offshore & marine, infrastructure and investments, reported a 39% decline in 2Q19 earnings to $153 million from a year ago. In 2Q19, Keppel’s property division posted a PBT of $161 million, down 38% from a year ago. This was due mainly to the absence of gains from en-bloc sales of development projects which was recorded in 2Q18.
SINGAPORE (July 22): Keppel DC REIT, the first pure-play data centre REIT listed in Asia, has seen its shares climb some 28% so far this year on the back of the global boom in data centres. The REIT is now trading near an all-time high, nearly double of its IPO price of 93 cents per unit in December 2014. In the latest quarter, Keppel DC REIT posted a 6% increase in distribution per unit (DPU) to 1.93 cents, from 1.82 cents in 2Q18.
SINGAPORE (July 18): Keppel Corporation reported a 38.4% drop in 2Q earnings ended June to $153.4 million, or 8.4 cents per share, from $249 million a year ago due mainly to the absence of en-bloc sales of development projects. Group revenue for 2Q19 increased 17% to $1.78 billion from the previous year – bolstered by strong performances from the investments division and the infrastructure division. Revenue from the infrastructure division grew 12.2% to $726 million as a result of higher sales in the power and gas businesses as well as progressive revenue recognition from the Hong Kong Integrated Waste Management Facility project.
SINGAPORE (July 16): The manager of Keppel DC REIT has declared a DPU of 1.93 cents for 2Q19. Keppel DC REIT Management says the improved performance was contributed mainly by the acquisitions of maincubes Data Centre in Offenbach am Main, Germany, and Keppel DC Singapore 5 in 2018. Keppel DC REIT’s average cost of debt remained at 1.7% per annum while aggregate leverage remained low at 31.9% as at the end of 2Q19.
SINGAPORE (July 16): Keppel Offshore & Marine announced that its wholly-owned subsidiaries Keppel FELS and Keppel Shipyard have secured contracts from repeat customers worth about $130 million for a newbuild dredger and the modification of a Floating Production Storage and Offloading vessel (FPSO). The first contract was awarded to Keppel FELS by Van Oord to build a high-specification Trailing Suction Hopper Dredger (TSHD). This follows from an option granted to Van Oord based on earlier contracts entered in May 2018 for two similar dredgers.
SINGAPORE (July 11): Keppel Land has acquired a 60% stake in three land parcels in Vietnam for $76 million to co-develop 2,400 premium apartments. The conditional share purchase agreement for the three land sites was signed by Keppel Land’s wholly-owned subsidiary, Monestine, and Vietnamese developer, Phu Long Real Estate Corporation. Spanning 6.2ha in Nha Be district, Saigon South, Ho Chi Minh City (HCMC), the three sites are situated within 400m of each other, along the Nguyen Huu Tho arterial thoroughfare, and are just a 25-minute drive from the HCMC central business district.