Keppel Corp

6 large-cap stocks to look out for amid a broad-based earnings recovery: RHB

SINGAPORE (Dec 24): Although macroeconomic uncertainties remain, RHB Research remains optimistic on a “broad-based earnings recovery” which will see all sectors report y-o-y earnings growth. 

As such, the research house has highlighted six large cap stocks which it reckons could be key beneficiaries of an improved economic outlook. 

CapitaLand

Market observers shun oil and services sectors, but some locally listed names could shine

SINGAPORE (Dec 20): Saudi Arabian Oil Co (Saudi Aramco), the kingdom’s national oil corporation (NOC) and world’s biggest oil producer, had a positive debut on the Tadawul exchange. Its shares have gone up 19% from its IPO price of SAR32, closing at SAR38 on Dec 16 and giving the company the US$2 trillion ($723.1 billion) valuation that Saudi Arabia was aiming for. However, the same optimism could not be seen in the broader and related sectors.

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Keppel Seghers acquires 18% stake in environmental solutions provider Zerowaste Asia for $5 mil

SINGAPORE (Dec 16): Keppel Seghers, the wholly-owned subsidiary of Keppel Infrastructure, which is a division of Keppel Corporation, is set to acquire an 18.18% stake in environmental solutions provider Zerowaste Asia for $5 million. 

Singapore-based Zerowaste Asia offers one-stop environmental solutions in industrial waste and wastewater management. The group currently has a presence in both Singapore and China. 

Despite slow recovery, some locally listed O&M players outperform STI

SINGAPORE (Dec 2): Year to date, the Straits Times Index has climbed 4.8% to close at 3,215.53 points on Nov 27. But more than a handful of the locally listed companies that operate across the oil and gas (O&G) value chain have outperformed the benchmark index. While the low base certainly helps with the outperformance, the share price gains can be attributed to various factors, including improved fundamentals, mergers and acquisitions and disposals, amid a slow recovery in the sector.

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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.

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