Keppel Corporation (Keppel Corp)

Company in the news

Keppel and KIT’s proposed amended agreement for Merlimau Cogen plant to generate up to $1.08 bil

As at 9.30am, shares in Keppel are trading at $7.39 while units in KIT are trading at 49.5 cents.
Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International - THE EDGE SINGAPORE

Budget 2024

Sheng Siong, Jumbo, Kimly, CDL, UOL, Sembcorp and Keppel expected to benefit from Budget 2024, says CGS International

The measures proposed at the Singapore Budget 2024 was fairly expected, say analysts Lock Mun Yee and Lim Siew Khee.
Budget 2024: Keppel has some solutions for Singapore’s clean energy needs  - THE EDGE SINGAPORE

Budget 2024

Budget 2024: Keppel has some solutions for Singapore’s clean energy needs

Keppel may provide the solution to some of Singapore's pressing clean energy needs outlined in Budget 2024.
Analysts positive on Keppel after strong FY2023 results although PhillipCapital downgrades on share price gains - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on Keppel after strong FY2023 results although PhillipCapital downgrades on share price gains

CGS-CIMB, DBS, UOBKH have kept their “add” and “buy” calls while PhillipCapital downgraded its call to “accumulate”.
Temasek disposes of 74.3 mil Keppel REIT units at 91.38 cents - THE EDGE SINGAPORE

Insider moves

Temasek disposes of 74.3 mil Keppel REIT units at 91.38 cents (update)

As at 1.22pm, units in Keppel REIT are trading 3 cents lower or 3.2% down at 91.5 cents.
Keppel, Pan-United to collaborate on CCUS, hydrogen development with energy and infrastructure firms - THE EDGE SINGAPORE

Sustainability

Keppel, Pan-United to collaborate on CCUS, hydrogen development with energy and infrastructure firms

The parties say CO2 sequestered in concrete has the potential to lower the embodied carbon of buildings where concrete is used.
Keppel and GenZero sign MOU to accelerate Southeast Asia's clean energy transition - THE EDGE SINGAPORE

Environmental, Social and Governance

Keppel and GenZero sign MOU to accelerate Southeast Asia's clean energy transition

Both parties will explore projects driving early retirement of coal-fired power plants and switching to clean energy alternatives.

M&A

Keppel Corp acquires European fund manager in wider FUM push

The initial acquisition is expected to take place by 1H2024 and is expected to be immediately accretive to Keppel’s earnings.
Keppel Corporation prices $200 mil notes due 2029 - THE EDGE SINGAPORE

Company in the news

Keppel Corporation prices $200 mil notes due 2029

The notes will bear interest at a floating rate based on the compounded daily SORA rate plus an agreed spread.

Investing ideas

Energy business drives Keppel’s recurring earnings

Keppel Corp has had a positive year, with improved earnings in the 3QFY2023 and 9MFY2023, led by its infrastructure division.
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