Keppel Corp

Keppel to take over 'driver's seat' over legacy rigs amid projected shortage - THE EDGE SINGAPORE

Offshore & Marine

Keppel to take over 'driver's seat' over legacy rigs amid projected shortage

Keppel aims to be back in the "driver's seat" over at a special entity set up to house 13 oil rigs following the merger of its offshore and marine unit with then-rival Sembcorp Marine.
Keppel divests entire stake in Dyna-Mac Holdings for $100 million - THE EDGE SINGAPORE

Company in the news

Keppel divests entire stake in Dyna-Mac Holdings for $100 million

Keppel invested in Dyna-Mac back in 2011, paying 35 cents each
Keppel reports record earnings of $4.1 billion for FY2023 - THE EDGE SINGAPORE

Results

Keppel reports record earnings of $4.1 billion for FY2023

Keppel plans to give a 2HFY2023 cash dividend of 19 cents, bringing full-year cash payout to 34 cents

Investing ideas

Seatrium still 'steady as she goes' despite headwinds

Seatrium aims to complete a thorough strategic review of the merged company by the end of the year
UOB Kay Hian keeps 'buy' call on Keppel REIT on stable Singapore and improving Sydney - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian keeps 'buy' call on Keppel REIT on stable Singapore and improving Sydney

Keppel REIT has set aside $100 million from accumulated capital gains to be distributed to unit holders over five years
As bulls and bears remain asleep, stay put in high-yield and non-cyclical counters - THE EDGE SINGAPORE

Investing ideas

As bulls and bears remain asleep, stay put in high-yield and non-cyclical counters

'Either the share prices go up, or earnings will come down. Of course, we hope valuations will go up'

Broker's Calls

With 6.8% yield, CGS-CIMB sees downside factored in for Keppel REIT

Keppel REIT will likely enjoy positive rental reversions in the second half of this year for its Singapore properties

Company in the news

Keppel Corp seeks name change to 'Keppel' to reflect new structure

Keppel is seeking shareholders' approval for the distribution in specie of Keppel REIT units too

Sustainability

Keppel's real estate division banks on sustainable urban renewal amid group reorganisation

Keppel Corp is streamlining the group’s operating platform into three divisions: infrastructure, real estate and connectivity.

Insider moves

Fullerton acquires 116.9 million Seatrium shares at 14 cents each

Fullerton, a fund management firm under Temasek Holdings, paid around 14 cents each
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