Keppel Corporation

Results

Keppel Corp posts 25.5% drop in FY19 earnings to $707 mil on absence of one-off gains, proposes 20% lower final dividend of 12 cents per share

SINGAPORE (Jan 23): Keppel Corporation saw its earnings jump 41.5% to $191.4 million for 4QFY2019 ended December 2019, from $135.3 million a year ago.

Contracts

Keppel unit wins contracts worth $18 mil to supply technology solutions for India waste-to-energy plants

SINGAPORE (Jan 20): Keppel Corporation announced Monday it has secured contracts worth over 12 million euro ($18 million) to supply waste-to-energy (WTE) technology and services in India.

Sustainability

Keppel Bay Tower to become first commercial development in Singapore to be fully powered by renewable energy

SINGAPORE (Dec 29): Keppel Bay Tower will be the first commercial development in Singapore to utilise renewable energy to power all its operations, including the offices of tenants in the building,

Investing ideas

6 top capital goods picks as sector stages earnings rebound

SINGAPORE (Dec 26): Capital goods – which are used in producing other goods, rather than being bought by consumers – are on the cusp of a “strong recovery” in earnings growth, market watchers say.

Joint ventures and alliances

Keppel Land to acquire 49% stake in JV for $78 mil to co-develop integrated township in Mumbai

SINGAPORE (Dec 16): Keppel Land will be acquiring a 49% stake in joint venture company Kapstone Constructions for INR 4.09 billion ($78.2 million) to jointly develop the 51.4-hectare Urbania integr

Deals, JVs and alliances

Keppel Infrastructure forays into European energy market with $80 mil investment in MET Group

SINGAPORE (Dec 5): Keppel Infrastructure Holdings, the infrastructure arm of Keppel Corporation, is investing €53.02 million ($80 million) for a 20% stake in MET Holding AG, an integrated European

Investing ideas

Could Temasek's $4.1 bil bid for Keppel herald an industry consolidation?

SINGAPORE (Oct 22): Investors are jumping on the opportunity to capitalise on Keppel Corporation, as Temasek Holdings moves to raise its stake in the conglomerate, with the prospect of a

M&A

Temasek moves to raise stake in Keppel Corp to 51% with partial offer at $7.35 per share

SINGAPORE (Oct 21): Temasek Holdings is moving to increase its stake in Keppel Corporation to 51%, and undertake a “comprehensive strategic review” of its businesses.

Broker's Calls

CGS-CIMB buoyant on Keppel, SembMarine following news of Sete Brasil settlement

SINGAPORE (Oct 8): CGS-CIMB Research is keeping its “overweight” rating on the offshore & marine sector, following news that creditors – including Keppel Offshore & Marine (Keppel O&M)

Company in the news

Keppel reaches settlement with Sete Brasil on semisubmersible drilling rigs

SINGAPORE (Oct 7): Keppel Offshore & Marine (Keppel O&M) has finally reached a settlement with Sete Brasil over the long outstanding issue surrounding the construction of six semisubmersibl

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