BN4.SI - Keppel Corporation Limited
| Previous close | 6.71 |
| Open | 6.74 |
| Bid | 6.72 x 0 |
| Ask | 6.73 x 0 |
| Day's range | 6.71 - 6.74 |
| 52-week range | 5.67 - 6.97 |
| Volume | 1664400 |
| Avg. volume | 3,814,561 |
| Market cap | 12B |
| Beta (5Y Monthly) | 1.22 |
| PE ratio (TTM) | 18.93 |
| EPS (TTM) | 0.35 |
| Earnings date | 20 Jan 2020 - 24 Jan 2020 |
| Forward dividend & yield | 0.23 (3.42%) |
| Ex-dividend date | 2019-07-25 |
| 1y target est | 8.23 |
- Reuters SG
CORRECTED-MET Energy Holding plans billion-euro M&A deals in Europe - CEO
Swiss-based MET Energy plans to expand rapidly in Europe over the next three years via acquisitions worth at least 1 billion euros ($1.10 billion) once a deal with Singapore conglomerate Keppel Corporation is finalised next month, MET's CEO said on Monday. This valued MET at about 250 million euros, a valuation that CEO Benjamin Lakatos said was insufficient to compete in Europe. "We have been like a child tiptoeing to see what's on the table," Lakatos told Reuters in an interview.
- Reuters SG
Hyundai Heavy says trying to allay Singapore concerns over Daewoo shipyard merger
Hyundai Heavy Industries Holdings Co Ltd said on Wednesday it is working with Singaporean regulators to alleviate concerns of its $2 billion merger with rival shipbuilder Daewoo crimping competition in the Southeast Asian maritime hub. Plans to combine the world's two biggest shipbuilders announced in January require regulatory approval in South Korea, Singapore, China, Japan, Kazakhstan and the European Union, a Hyundai spokesman told Reuters. "We will do our best to complete this well," he said, referring to Singapore's review.
- Motley Fool
3 Reasons to Like Temasek’s Partial Acquisition of Keppel Corporation Limited
Temasek recently announced its intention to own a higher stake in Keppel Corporation Limited (SGX: BN4). Here are three reasons I feel this is a great development for the group.
- Reuters
SE Asia Stocks-Most fall as trade uncertainty, slowdown worries bite
* Washington plans partial trade deal with Beijing at Chile summit * Indonesia set to post biggest weekly gain in nearly 5 months * Singapore Exchange rises 7.5% after strong Q1 results By Sameer Manekar Oct 25 (Reuters) - Most Southeast Asian stock markets traded in the red on Friday as uncertainty over the Sino-U.S. trade deal was revived ahead of fresh rounds of negotiations, while concerns about global economic slowdown continued to rattle confidence. Investors are also nervous ahead of a summit in Chile where U.S. President Donald Trump hopes to finalise a partial trade deal with China's Xi Jinping. Also dampening sentiment, a Reuters poll of economists found that the recent truce in the U.S.-China trade dispute is not an economic turning point and has failed to reduce a significant risk that the world's biggest economy could slip into recession in the next two years.
- Reuters SG
SE Asia Stocks-Most gain as trade optimism whets appetite; Singapore leads
* U.S. official said tariffs on Chinese goods could be withdrawn * Singapore's Keppel Corp surges 17.1% on Temasek offer * Indonesia set to snap seven consecutive sessions of gains By Sameer Manekar Oct 22 (Reuters) - Most Southeast Asian stock markets traded in positive territory on Tuesday, with Singapore leading gains, as signs of progress in the Sino-U.S. trade negotiations whetted appetite and encouraged investors to resume their bets. U.S. President Donald Trump sounded upbeat on a China deal on Monday, while White House adviser Larry Kudlow said tariffs on Chinese goods scheduled for December could be withdrawn if talks go well.
- Reuters SG
Temasek makes S$4.1B bid to take control of Keppel Corp
Singapore state investor Temasek Holdings is offering to take control of Keppel Corp in a S$4.1 billion ($3 billion) deal that will shore up support for the conglomerate, which is battling difficult business conditions. Temasek, which directly owns 20.5% of Keppel, said in a statement that the pre-conditional offer is subject to it obtaining domestic and foreign regulator approvals, which could take many months. Keppel, whose businesses range from rig-building to property development, has been facing business challenges in its main sectors.
- The Edge Singapore
Temasek moves to raise stake in Keppel Corp to 51% with partial offer at $7.35 per share
SINGAPORE (Oct 21): Temasek Holdings is moving to increase its stake in Keppel Corporation to 51%, and undertake a “comprehensive strategic review” of its businesses. Temasek already currently directly owns 20.45% of Keppel. This will result in Temasek and Kyanite directly owning 51% of shares in Keppel.
- Reuters
Temasek makes $3 billion bid for Singapore's Keppel, sparks sector M&A talk
Temasek Holdings is offering to buy control of Singapore conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could spark consolidation in the domestic rig building sector that is battling the effects of low oil prices. The announcement, which confirmed what sources told Reuters earlier on Monday, boosted shares in rig builder Sembcorp Marine by 12% on expectations of a likely shake-up in the industry. On Tuesday, the shares rose a further 2.2%, while shares in Sembcorp's parent Sembcorp Industries were steady after rallying 10% in the previous session.
- Reuters SG
BRIEF-Keppel Corp Seeks Trading Halt
- The Edge Singapore
Keppel Corp posts 30% fall in 3Q earnings to $159.3 million
This translates to earnings per share (EPS) of 8.8 cents for 3Q19, compared with EPS of 12.5 cents for 3Q18. The decline in earnings was due primarily to the absence of gains from the group’s divestment of a commercial development in Beijing, as well as higher net interest expenses. Notably, share of results of associated companies soared to $77.8 million, close to doubling from $39.4 million in 3Q18.
