Keppel Telecommunications & Transport (Keppel T&T)

The entities that were being divested to Geodis registered a net loss of $5.2 million for the FY2021.

The transaction is expected to take place in 4QFY2021.

The 15,000km system is the world’s first subsea cable system that directly connects Singapore to the west coast of North America.

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.

SINGAPORE (Sept 28): RHB Research and CGS-CIMB Securities say Keppel Corp and M1's $2.06 per share valuation of M1 is fair.

SINGAPORE (Sept 28): If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%, say analysts.

SINGAPORE (Sept 27): Keppel Corporation and Singapore Press Holdings, through a jointly held offeror Konnectivity, is making a pre-conditional voluntary general offer for M1.

SINGAPORE (Sept 24): Keppel Corp and Singapore Press Holdings (SPH) are considering a potential transaction involving their respective stakes in telco M1.

SINGAPORE (Sept 8): UOB KayHian is maintaining its “buy” call on Keppel T&T given the group’s data centre (DC) strategy of “supercharging” the development cycle using Alpha DC Fund (ADCF).

SINGAPORE (April 19): UOB Kay Hian is maintaining its “buy” on Keppel Tele & Trans (Keppel T&T) with an unchanged target price of $2.51.