Loh Chin Hua

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

Loh says Keppel has been prudently holding back on investments but sees interesting opportunities coming up

Keppel’s latest reaffirmation of its new strategy has received a thumbs-up from some analysts.

According to Bloomberg’s compilation of sell-side calls, eight of the analysts tracked have either a “buy” or equivalent call.

The group also aims to eventually activate all $17.5 billion of its monetisable assets, says Loh.

Keppel’s proposed acquisition has again brought into light the M&A or restructuring activities of Temasek-linked companies.

All of Keppel's key business units – except Keppel Offshore & Marine (Keppel O&M) – were profitable during the quarter.

Apart from Keppel Offshore & Marine, all its key business units remained profitable in FY2020.

Shares in Keppel Corp closed 11 cents higher, or 2.6% up, at $4.30 on September 29.

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.