|Bid||6.08 x 0|
|Ask||6.09 x 0|
|Day's range||6.07 - 6.14|
|52-week range||5.67 - 7.30|
|Beta (3Y monthly)||1.50|
|PE ratio (TTM)||15.55|
|Earnings date||14 Oct 2019 - 19 Oct 2019|
|Forward dividend & yield||0.23 (3.77%)|
|1y target est||8.23|
SINGAPORE (Sept 16): Keppel DC REIT is acquiring a 99% stake in Keppel DC Singapore 4 and 1-Net North Data Centre for a total consideration of $585.1 million. The proposed acquisitions are expected to be “highly accretive” to the REIT’s Distribution per Unit (DPU), says the manager of Keppel DC REIT. The manager also plans to fund the acquisitions with proceeds with a fully underwritten equity fund raising exercise of $473.8 million, as well as debt.
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SINGAPORE (Sept 6): From Tuesday, Keppel KBS US REIT (KORE) will be known as Keppel Pacific Oak US REIT, in preparation to outsource the management of its US tech office portfolio. KORE’s counter name on the Singapore Exchange will also be changed to KepPacOakReitUSD. In a filing on Thursday evening, KORE says the new Pacific Oak Management Agreement, which will replace the existing KBS Management Agreement, will substantially be on the same terms as the preceding one.
SINGAPORE (Aug 27): Keppel Corp was awarded the SEC-SATS Asia Pacific Singapore Environmental Achievement Award for the services category at the Singapore Environment Council’s Environmental Achievement Awards 2019 today. The annual Singapore Environmental Achievement Awards recognises organisations for their excellence in environmental stewardship. The award ceremony was graced by Singapore Minister for Environment and Water Resources Masagos Zulkifli.
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.