Keppel

ST Engineering buys back shares again after 1Q update; Keppel sells Dyna-Mac stake to Hanwha - THE EDGE SINGAPORE

Insider moves

ST Engineering buys back shares again after 1Q update; Keppel sells Dyna-Mac stake to Hanwha

The strong showing helped lift ST Engineering’s share price to as high as $4.30 on May 15, its highest level in 50 months
Dyna-Mac to enjoy synergies with new substantial shareholder Hanwha, says Maybank Securities - THE EDGE SINGAPORE

Broker's Calls

Dyna-Mac to enjoy synergies with new substantial shareholder Hanwha, says Maybank Securities

The sale by Keppel has removed an overhang on Dyna-Mac's share price
DBS keeps 'buy' on Keppel following divestment of stake in Dyna-Mac, expects further asset monetisation ahead - THE EDGE SINGAPORE

Broker's Calls

DBS keeps 'buy' on Keppel following divestment of stake in Dyna-Mac, expects further asset monetisation ahead

Current buoyant charter markets have improved the operating income for these assets and bode well for asset sale opportunities
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

Company in the news

Keppel prices EUR70 mil notes due 2031

The notes will bear interest at a floating rate based on the 6-month Euribor rate plus an agreed spread, payable semi-annually.

Company in the news

Keppel expects dealmaking and fundraising environment to improve this year

Keppel is reiterating it can hit $200 billion in FUM by end of 2030
UOB CEO's daughter buys GCB from ex-Keppel CEO Choo for $39.5 million - THE EDGE SINGAPORE

Property

UOB CEO's daughter buys GCB from ex-Keppel CEO Choo for $39.5 million

Choo acquired the 19,500 square feet bungalow in 2007
OCBC's Lim trims Seatrium's fair value to 15.5 cents following DPA but keeps 'buy' call - THE EDGE SINGAPORE

Broker's Calls

OCBC's Lim trims Seatrium's fair value to 15.5 cents following DPA but keeps 'buy' call

After factoring in the DPA, Seatrium's NAV will be slightly trimmed by 1.2%

Asset management

Lessening the impact of mark-to-market

Companies pivot to asset management for fee income to boost earnings, and to sidestep mark-to-market impact on net profit
AUM race heats up among Singapore blue chips - THE EDGE SINGAPORE

Asset management

AUM race heats up among Singapore blue chips

CapitaLand Investment and Keppel aim to hit $200 billion in FUM by 2030 to buoy earnings, ROE, dividends and total returns
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