|Bid||0.1210 x 0|
|Ask||0.1210 x 0|
|Day's range||0.1190 - 0.1220|
|52-week range||0.0990 - 0.1510|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||N/A|
|Earnings date||28 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||25 Apr 2018|
|1y target est||0.16|
Seatrium's market cap is more than $8 bil; Keppel DC REIT's $3.6 billion
Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit. In February, Sembcorp Marine completed a S$4.50 billion ($3.37 billion) buyout of Keppel's offshore & marine unit after receiving the necessary shareholder approvals. Keppel recognized a gain of S$3.3 billion and received S$500 million of cash in the first quarter following the transaction, it said.
Dutch state-owned electric grid company TenneT has awarded 11 contracts worth a combined 23 billion euros ($25 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday. The contracts are being awarded to consortia led by Hitachi Energy and by General Electric, and caused shares in Petrofac , part of the Hitachi group, to spike as much as 73%. TenneT is spending tens of billions of euros over the next decade to connect North Sea wind farms to the electric grid in Germany and the Netherlands.
Chevron (CVX) enters into an agreement with Sembcorp Marine to reduce the carbon intensity of its LNG fleet operations. Per the agreement, Sembcorp will help Chevron in installing new technologies aboard the company's vessels to support its energy transition goals.
Vietnam is in talks with Singapore's Sembcorp to build a submarine power transmission line between the two countries, the Vietnamese government said on Friday. The announcement was made after a meeting between Prime Minister Pham Minh Chinh and Semcorp deputy chairman Tow Heng Tan in Singapore earlier in the day. Sembcorp Utilities and a unit of Vietnam's state oil firm PetroVietnam on Friday also reached an agreement to develop offshore wind projects to export electricity to Singapore, the government said in a statement, without elaborating.
Singapore's Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development unit, but forecast China's easing market conditions and policy support to the real estate sector would boost market sentiment. The conglomerate, which traces its roots to a small ship repair yard corporatised in 1968, said its urban development unit of took a hit by slower home sales and lower contributions from its China trading projects, as well as lower fair value gains from investment properties.
Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday. The new structure also lowers the value of Keppel's unit by S$378 million from the S$4.87 billion valuation it got according to the terms of the previous S$8.7 billion merger agreement struck in April, Sembmarine said. This deal gives Sembmarine's shareholders a bigger stake –– of 46% stake, compared with 44% in the previous deal –– in the combined firm and shortens the time required to complete the deal by up to two months, Sembmarine said.
Singapore's Sembcorp Marine said on Wednesday its unit secured a $3.1 billion contract to build a vessel from Brazilian oil and gas producer Petroleo Brasileiro SA Petrobras. The P-82 Floating, Production, Storage and Offloading (FPSO) vessel will be delivered to the state-owned company in the first half of 2026, the specialised shipbuilding firm said, with a production capacity of 225,000 barrels of oil per day and 12 million cubic meters of gas processing per day. The unit, which will be deployed off the coast of Rio de Janeiro, will also be equipped with water injection capacity of 250,000 barrels per day and a storage capacity of two million barrels of oil, Sembcorp Marine said.
Brazilian state-run oil firm Petrobras said on Tuesday it has signed a contract with Singapore's Sembcorp Marine for the assembly of a platform to be located in the Buzios oilfield in the pre-salt of the Santos Basin. Petroleo Brasileiro SA, as the company is formally known, said the floating production storage and offloading (FPSO) P-82 platform will be able to produce up to 225,000 barrels of oil and process up to 12 million cubic meters of gas per day. Petrobras did not provide financial details of the deal, which comes a few days after the oil giant had announced an agreement with Keppel Shipyard for it to assemble its P-83 platform.