Keppel Corporation (Keppel Corp)

Keppel to see stronger 1Q earnings on property trading and divestment, says CGS-CIMB
SINGAPORE (Apr 17): Keppel Corp is announcing its 1Q19 results on Thursday, after market close. CGS-CIMB Research expects Keppel to achieve net profit of $230 million largely be driven by property trading and divestment of interests in the Dong Nai project in Vietnam. The research house says the restructuring of Keppel’s various businesses are slowly falling into place with the completion ...
Keppel Infrastructure-led consortium secures $52.5 mil Jurong Island pipelines project
SINGAPORE (Apr 16): Keppel Infrastructure’s wholly-owned subsidiary, Pipenet, as a lead consortium partner together with Asia Projects Engineering, has secured a $52.5 million contract to design and build two 48in crude oil pipelines and ancillary facilities along parts of Banyan Drive, Banyan Avenue and the Jurong Island Highway that will facilitate pipeline connection to the Jurong Rock ...
Keppel said to consider Shanghai tower purchase
(Mar 25): An arm of Singapore’s Keppel Corp. is considering buying twin buildings on the banks of Shanghai’s Huangpu River from Dalian Yifang Group Co., people familiar with the matter said. The property, known as Shanghai Yi Fang Center, could fetch more than 4 billion yuan ($805 million), according to the people. Keppel is discussing the deal through its asset-management unit Keppel ...
Offer for M1 turns unconditional after Konnectivity achieves majority control
SINGAPORE (Feb 16): The offer for M1 by Konnectivity has become unconditional in all aspects after the latter gained majority control of the telco. This comes after 28.6% shareholder Axiata Group tendered its entire stake in acceptance of the offer. Konnectivity is the offer vehicle jointly owned by Keppel Corporation and Singapore Press Holdings (SPH). As at 5pm on Feb 15, Konnectivity ...
Keppel reverses out of the red in 4Q with earnings of $135 mil on absence of graft-linked penalty and costs
SINGAPORE (Jan 24): Keppel Corporation reported earnings of $135 million for 4Q18 ended Dec 2018, compared to a net loss of $492 million for 4Q17. Excluding the one-off financial penalty and related costs of $619 million arising from Keppel O&M’s global resolution with criminal authorities in 4Q17, earnings for 4Q18 of $135 million was 6% above the earnings of $127 million for ...
Keppel Land China acquires commercial property in China's Silicon Valley for $111 mil
SINGAPORE (Jan 1): Keppel Land China is acquiring a 11-storey commercial property in Zhongguancun, widely known as China's Silicon Valley for an aggregate cash consideration of RMB 555 million ($111 million). On Dec 31, Keppel Corp announced wholly-owned subsidiary Tosalco has entered into an agreement with A Li Yun Shan (Beijing) Business Consulting Co. to secure a 100% stake in Beijing Chang ...
Right timing: Major blue chips break support as STI drifts lower
SINGAPORE (Dec 22): The Straits Times Index ended the week below its 50-day moving average, currently at 3,068. Quarterly momentum has retreated and appears poised to fall below its own moving average. The 21-day RSI continues to retreat. ADX which had been falling, has flattened. DIs are negatively placed. When ADX turns up, the STI could fall towards its Oct 26 intra-day low of ...
Keppel Land China secures residential site in Tianjin Eco-City for $214 mil
SINGAPORE (Dec 19): Keppel Land China, a wholly-owned subsidiary of Keppel Corporation, has secured a 10.97-ha residential site in the Sino-Singapore Tianjin Eco-City (Eco-City) for RMB 1.07 billion ($214 million) in a public land tender. The new site will be developed into an eco-community comprising 392 units of terrace houses and 180 units of low-rise apartments. Targeted at upper-middle ...
Keppel Land in JV to develop its first commercial property in India
SINGAPORE (Oct 1): Keppel Land, the property arm of Keppel Corporation, is developing its first commercial property in India through a joint venture. Subsidiary Keppel Puravankara Development (KPDL), a joint venture company with an Indian property developer, Puravankara, entered into agreements to acquire a prime 3.09ha site from Metro Cash & Carry India. Located in the prime commercial ...
Privatisation of Keppel T&T at $1.91 highly likely to go through
SINGAPORE (Sept 28): If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%, say analysts. Assuming Axiata, which has a 28% stake in M1, is the only shareholder to reject the offer, the the deal will still go through. It will result in ...