|Bid||6.34 x 0|
|Ask||6.34 x 0|
|Day's range||6.28 - 6.35|
|52-week range||5.67 - 7.30|
|Beta (3Y monthly)||1.52|
|PE ratio (TTM)||14.31|
|Earnings date||17 Jul 2019 - 22 Jul 2019|
|Forward dividend & yield||0.25 (4.15%)|
|1y target est||8.23|
Investors may find it tough to fully understand conglomerates, which makes us wary of investing in them. But can conglomerate companies qualify as great investments?
SINGAPORE (June 10): RHB Research is keeping its “buy” call on Keppel Corp with a lower target price of $7.33 from $7.92 previously. In a Monday report, analyst Leng Seng Choon says, “We like Keppel for its potential for prime landbank-value unlocking in China and Vietnam.
Since the oil price crash in 2014, oil & gas companies have struggled due to a number of reasons. With the oil price rising, are they finally out of the woods?
SINGAPORE (June 3): Keppel Data Centres has invested €14 million ($21.5 million) in the Series C funding of Etix Group S.A. (Etix), giving it a minority stake in the Luxembourg-based data centre developer and provider of data centre colocation services. Etix leverages prefabricated data centre modules for quick data centre deployment and has built up a network of 12 edge and high-performance computing data centres across Europe, Africa, Latin America and Southeast Asia.Keppel says Etix has deployed more than 50 MW of colocation capacity to date through its data centres, and that the company has a strong development pipeline for expansion.Etix also has a unit that carries out research and development for the Etix group of companies.“Our investment into Etix allows Keppel Data Centres to tap the growing demand for edge facilities and opens new possibilities for potential synergies to be explored between our complementary businesses, such as tapping Etix’s cutting edge research technologies,” says Wong Wai Meng, CEO of Keppel Data Centres.“This will give Keppel Data Centres the opportunity to deploy some of these new technologies in our data centres and deliver tangible benefits for our data centre customers,” he adds.Keppel Data Centres is a 70:30 joint venture between Keppel T&T and Keppel Land, both subsidiaries of Keppel Corporation. Keppel T&T is also the sponsor of Keppel DC REIT.Shares in Keppel Corp closed 3 cents lower at $6.03 on Friday.
SINGAPORE (May 13): Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel FELS has secured a contract from Danish renewable energy company Ørsted for two offshore wind farm substations worth more than $150 million.The contract comprises detailed engineering, procurement, construction, testing and commissioning for two offshore wind farm 600MW substations but excludes certain electrical components to be furnished by Ørsted.Keppel's workscope is scheduled for completion in the third quarter of 2021. The substations will be deployed in Ørsted's Greater Changhua offshore wind sites in Taiwan, which have a total potential capacity of 2.4 GW.Tan Leong Peng, Executive Director (Offshore) of Keppel O&M, says, "Offshore wind energy continues to gain traction around the world, and a large number of wind farms are under planning and construction. We have been able to leverage and extend our capabilities in offshore engineering and construction to provide services and solutions for this fast-growing adjacent sector, supporting the evolving needs of the energy industry."Taiwan has announced plans to achieve 5.5 GW of installed capacity for offshore wind by 2025. It has also set an indicative target of 10-17 GW by 2030.Keppel O&M is able to tap on its offshore design, engineering and construction capabilities for developing solutions across the value chain of offshore wind farms, such as wind turbine foundations, substation platforms, as well as installation and support vessels.The above contract is not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation for the current financial year.Keppel Offshore & Marine is a division of Keppel Corp whose shares closed 2 cents lower at $6.51 on Friday.
SINGAPORE (May 7): Keppel FELS, a subsdiary of Keppel Offshore & Marine (Keppel O&M), in a consortium with Aibel AS, has secured a contract from TenneT Offshore, a grid operator in the Netherlands and Germany.Under the contract, Keppel FELS will design, construct, install and commission a 900MW offshore high voltage direct current (HVDC) converter station and an onshore converter station.Keppel FELS’ share of the contract is worth about $560 million.Together with its subcontractor ASEA Brown Boveri (ABB), the consortium will also undertake the installation and startup operations of the offshore and onshore converter stations in Germany.Scheduled to be completed in 2024, the two converter stations will be part of the DolWin cluster servicing offshore wind farms in the German sector of the North Sea.The offshore converter station will be located 130km from the onshore converter station and will provide grid connection for the offshore wind power plants to transmit and supply electricity to about a million households in Germany.Chris Ong, CEO of Keppel O&M, says, “This is Keppel O&M’s first major project of this scale and extends our track record in supporting the renewable energy industry. We see opportunities in this segment as the offshore renewables market is expected to increase significantly over time with increasing concerns over climate change. Keppel O&M is able to leverage our expertise in offshore energy infrastructure to offer customised and high quality solutions across the offshore wind farm value chain.”Shares in Keppel closed 2.60% higher on Tuesday at $6.72.
* China to go ahead with talks despite Trump's threat * Malaysia awaits policy rate decision * Thai stocks fall after holiday By Nikhil Subba May 7 (Reuters) - Southeast Asian stocks recovered on Tuesday ...
SINGAPORE (April 29): Keppel Capital Holdings, the asset management arm of Keppel Corporation Limited, says its Alpha Asia Macro Trends Fund III (AAMTF III) is acquiring 100% stakes in three Grade ‘A’ freehold commercial buildings in Seoul, Korea, for a total of KRW 430 billion ($510 million).The portfolio of three commercial buildings comprises Yeouido Finance Tower at the Yeouido business district, Nonhyun Building at the Gangnam business district, and Naeja Building at the Gwanghwamun central business district.In a press release on Monday, Keppel says it expects Yeouido Finance Tower, a 21-storey office and retail mixed-use development with approximately 42,300 sq m in gross floor area (GFA), to benefit from the upcoming rail line GTX B.Slated for completion in 2025, the new rail line will improve the property’s accessibility by connecting Yeouido to the Songdo international business district and major stations in the CBD, including Seoul station and Yongsan station, adds the group.Meanwhile, Nonhyun Building is a 20-storey office and retail mixed-use development with a GFA of 18.600 sq m.Keppel highlights the property’s accessibility – being adjacent to Nonhyun station and a five-minute drive away from Gangnam station and the Gangnam Retail District – as well as a tenant portfolio including notable individuals such as Hanwha Life Insurance and Fissler Korea.Lastly, Naeja Building is a 15-storey office development with 13,000 sq m in FGA. It is currently fully leased to local businesses, its anchor tenant being law firm Kim & Chang.The group says this property is also highly accessible as it is within a three- and 10- minute walk away from Gyeongbukgung Place station and Gwanghwamun station, respectively.“The office sector is expected to see limited supply over the next few years while leasing demand is projected to remain steady. We are confident that these favourable fundamentals, coupled with our experienced team, active asset management on the ground and robust value creation strategies, will enable us to generate good returns for AAMTF III’s investors,” says Robert Sung, CEO of Keppel Investment Management.“We will continue to build on this traction and actively pursue quality opportunities to strengthen our product offerings in South Korea,” he adds.Shares in Keppel Corp closed 1 cent lower at $6.79 on Monday.
Keppel Reit has acquired a 99.38% stake in T Tower, a freehold Grade A office building in Seoul’s CBD, according to the Reit manager, Keppel Reit Management. The agreed property value is KRW 252.6 billion ($301.4 million).
SINGAPORE (Apr 23): Keppel REIT is acquiring a 99.38% stake in T Tower, a freehold Grade A office building in Seoul’s CBD for KRW 252.6 billion ($301.4 million). The remaining 0.62% stake will be acquired by subsidiary Keppel Capital Holdings. The seller is PGIM Real Estate, the real estate investment business of PGIM, the global investment management businesses of Prudential Financial.
* Oil prices hit 2019 high on Iranian crude exports ban * Indonesia interest rate decision due on Thursday * Malaysia, Philippines, Vietnam, Thailand end little changed By Mensholong Lepcha April 22 (Reuters) ...
A look at 10 key points from Keppel Corporation Limited’s (SGX: BN4) latest results presentation.