Keppel Corp

Keppel Corp posts 30% fall in 3Q earnings to $159.3 million

SINGAPORE (Oct 17): Keppel Corporation reported earnings of $159.3 million for 3Q19 ended September, down 29.7% from $226.6 million for the same period last year. 

This translates to earnings per share (EPS) of 8.8 cents for 3Q19, compared with EPS of 12.5 cents for 3Q18.

Keppel's Alpha and Aliianz to jointly acquire 85% stake in Beijing office complex for $1.3 bil

SINGAPORE (Oct 16): Alpha Investment Partners, the private fund management arm of Keppel Capital, is partnering with Allianz Real Estate to jointly acquire an 85% stake in a Grade A office complex building in Beijing, China. 

In a bourse filing on Tuesday, Keppel Corp reported that the remaining 15% of the complex, Ronsin Technology Center, will continue to be held by the seller D&J China, a leading integrated business park and suburban office operator.

Looking back on 900 issues of The Edge Singapore

SINGAPORE (Sept 20): It wasn’t long after The Edge Singapore was launched that I began measuring time not in days or months but in terms of the publication’s issue numbers, a consequence of constantly thinking about stories and commentaries that were to run in upcoming issues. Whenever people asked how long I had worked for this newspaper, I would simply tell them how many issues had been published since we began, and leave it to them to work it out.

Keppel Corp resumes share buyback, associate KrisEnergy seeks court protection

(Aug 26): Keppel Corp made a series of share buybacks in the past week, at prices ranging between $5.90 and $5.96. According to a Singapore Exchange filing dated Aug 15, Keppel spent $2.3 million to buy 390,000 shares, at an average price of $5.90. One day later, the company bought an additional 270,000 shares for a total price of $1.6 million, or an average price of $5.93. On Aug 19, another 110,000 shares were purchased, at a higher average price of $5.96.

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Which REIT will benefit from the transformation of Greater Southern Waterfront?

SINGAPORE (Aug 20): Singapore is pushing up its plans to transform the Greater Southern Waterfront (GSW) into the next trendy place to live, work and play.

First unveiled in March earlier this year, GSW will be redeveloped over the next five to 10 years, starting from the relocation of the PSA City Terminal in Tanjong Pagar to Tuas from 2027 onwards to help free up prime land.

Police raid a reminder that Sembcorp Marine's Brazil woes are far from over

SINGAPORE (July 8): Singapore’s formerly thriving offshore oil and gas sector has received yet another rude jolt: The fallout from the multi-year bribery-for-contracts scandal in Brazil is not over.

Police raid a reminder that Sembcorp Marine's Brazil woes are far from over

SINGAPORE (July 8): Singapore’s formerly thriving offshore oil and gas sector has received yet another rude jolt: The fallout from the multi-year bribery-for-contracts scandal in Brazil is not over.

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Will the O&M sector continue to be a drag Keppel?

SINGAPORE (Jan 25): Keppel Corp has still not recovered from the offshore and marine slump. Its O&M division continued to make a loss last year.

For FY18, Keppel Corp announced earnings of $944 million, up 382% from $196 million in 2017, or up 16% from $815 million, excluding the one-off penalty of $619 million for global resolution with the authorities in the US, Brazil and Singapore. Property was the biggest earnings contributor for the fourth consecutive year.

M1 deal hangs in balance as Keppel, SPH stand ground

(Jan 23): A buyout offer for M1 four months ago still doesn’t have the backing of a bulk of shareholders. And yet, Keppel Corp and Singapore Press Holdings have refused to budge on the initial offer price.

SPH, Keppel said to mull buyout offer for M1

(Sept 26): Singapore Press Holdings (SPH) and an arm of Keppel Corp are considering making a buyout offer for M1, Singapore’s smallest wireless operator, people with knowledge of the matter said.

See: Keppel T&T, SPH mulling potential transaction involving respective M1 stakes

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