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Keppel Offshore & Marine (Keppel O&M)
Contracts
Keppel O&M signs agreements worth $135 mil for utilisation of two jackup rigs
The outlook for the jackup market is “optimistic”, says Keppel O&M, referencing a report by Clarksons Research.
May 09, 2022
Contracts
Keppel O&M awarded FPSO integration contracts worth $250 mil
Delivery for both contracts is slated to take place within the 2HFY2024.
May 06, 2022
Broker's Calls
'Buy' Keppel, 'sell' SembMarine as Bayberry nears fruition: analysts
Keppel Corporation has been an outperformer so far this year, says OCBC Investment Research.
April 29, 2022
Broker's Calls
'Add' Keppel, the accretive winner in O&M, SembMarine merger: CGS-CIMB
CGS-CIMB is recommending investors “add” Keppel Corp, with a TP of $7.20, and “hold” SembMarine, with a TP of 9 cents.
April 28, 2022
M&A
Keppel Corp signs definitive agreements with SembMarine for proposed merger with Keppel O&M
The proposed transactions under the terms of the agreements will allow Keppel to realise some $9.42 billion in value.
April 27, 2022
Offshore & Marine
Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30
The update comes after analysts indicated that both parties will announce a definitive agreement at the end of March.
March 31, 2022
Corruption probe
CPIB gives Keppel O&M 6-month extension to pay US$52.7 million under terms of conditional warning
The funds will be payable on June 22 2022, instead Dec 22.
December 14, 2021
M&A
Keppel divests entire interest in Keppel Smit Towage and Maju Maritime for $133 mil
Keppel expects to recognise a divestment gain of approximately $72 mil from the divestments.
November 15, 2021
Broker's Calls
Analysts cheer merger between Keppel and SembMarine with TP estimate on Keppel of at least $6.20
Analysts from DBS and UOB Kay Hian have kept "buy" on Keppel Corp while OCBC has upgraded Keppel Corp to "buy" from "hold".
June 26, 2021
Broker's Calls
Keppel O&M could turn profitable in 2H22 from 'big win' from Petrobras: CGS-CIMB
The contract, which is the single biggest one secured since 2012, has brought the total number of new orders to $3.8 billion y-t-d
May 14, 2021