Keppel Urban Solutions

Keppel to develop smart IoT city in Wuxi with China's Envision Group

SINGAPORE (Dec 6): Keppel Urban Solutions, a wholly-owned subsidiary of Keppel Corp, has signed a memorandum of understanding (MoU) with Envision Group and Wuxi’s government to develop a “smart internet of things (IoT) City” in Xuelang Town, Taihu New City, Wuxi, China.

Adopting a city-industry integration model, Keppel and Envision plan to create a scalable and replicable model with a view to leading the development of the IoT industry and smart city transformation in China and other parts of the world.

Keppel Urban Solutions and ST Engineering in partnership to implement smart city masterplans

SINGAPORE (July 9): Keppel Urban Solutions, a wholly-owned subsidiary of Keppel Corporation, and ST Engineering, the defence and engineering group, has signed a Memorandum of Understanding (MOU) that will leverage each other's expertise and resources in the design and implementation of smart city masterplans and solutions in Keppel's developments as well as to collaborate on third-party projects in Asia Pacific.

Keppel Corp on track to regain shareholders' trust, says CGS-CIMB

SINGAPORE (May 22): CGS-CIMB Securities is reiterating its “add” call on Keppel Corporation with an unchanged target price of $10 while highlighting the stock as its preferred pick in the capital goods sector as well as a “solid long-term investment candidate” that is on track to regaining its shareholders’ trust, in the research house’s view.   

Keppel signs MoU with IoT platform provider Envision

SINGAPORE (Jan 31): Keppel Corporation, through its wholly-owned subsidiary Keppel Urban Solutions, has signed a memorandum of understanding (MoU) with smart management company Envision to “further the global push for new and clean energy, and smart cities”, by leveraging each other’s expertise.

Property will still be key to Keppel's growth next year

SINGAPORE (Nov 29): OCBC expects Property to remain Keppel Corp’s dominant contributor to earnings as the group remains focused on strengthening its presence in its core and growth markets, while seeking opportunities to unlock value and recycle capital.

For instance, Tianjin Eco-City project is bearing fruit, with average selling prices of Eco-City residential land having increased significantly since 2016.

Keppel posts 30% rise in 3Q earnings to $292 mil; announces new urban solutions unit

SINGAPORE (Oct 19): Keppel Corporation has announced earnings of $291.8 million for the 3Q17 ended Sept, up 30% from $224.5 million in 3Q16.

This came on the back of higher profits from the group’s China and Vietnam property trading, power & gas and asset management businesses, as well as the sale of investments.

Revenue for the quarter grew 11% to $1.6 billion compared to $1.5 billion a year ago.

Pre-tax profit for the property division rose 27% or $53 million to $252 million due mainly to higher revenue from Vietnam.

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