KrisEnergy

Analysts more optimistic on Keppel after glowing 1H21 results - THE EDGE SINGAPORE

Broker's Calls

Analysts more optimistic on Keppel after glowing 1H21 results

Following the 1HFY2021 results, analysts reckon that Keppel’s bottom line could do even better ahead.
Analysts maintain 'buy' ratings for Keppel with unchanged TP despite KrisEnergy-related impairment - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' ratings for Keppel with unchanged TP despite KrisEnergy-related impairment

PhillipCapital and UOB Kay Hian have kept their 'buy' calls and target prices of $6.12 and $6.37 respectively.
Keppel Corp to recognise impairment loss of $318 mil in 1H21 on exposure to KrisEnergy - THE EDGE SINGAPORE

Company in the news

Keppel Corp to recognise impairment loss of $318 mil in 1H21 on exposure to KrisEnergy

Keppel's carrying value of its investment in KrisEnergy totals $423 mil.

Company in the news

KrisEnergy submits petition to wind up as it is unable to pay its debts

The hearing date for the petition has yet to be fixed.
Nothing boring in boardrooms with action aplenty this past AGM season - THE EDGE SINGAPORE

Corporate moves

Nothing boring in boardrooms with action aplenty this past AGM season

Certain active shareholders are still in the mood to engineer changes within boardrooms even in this pandemic season
Keppel Corporation divestment gains to cushion against potential impairment on KrisEnergy: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Keppel Corporation divestment gains to cushion against potential impairment on KrisEnergy: CGS-CIMB

CGS-CIMB estimates Keppel Corporation will recognise $447 mil in divestment and corporate action gains in FY21.
KrisEnergy expects adverse impact on revenue due to lower production from the Apsara wells - THE EDGE SINGAPORE

OIL & GAS

KrisEnergy expects adverse impact on revenue due to lower production from the Apsara wells

KrisEnergy says any remedial actions have “limited potential” to increase well productivity.
KrisEnergy receives EGM requisition from shareholders questioning restructuring process - THE EDGE SINGAPORE

Debt and defaults

KrisEnergy receives EGM requisition from shareholders questioning restructuring process

The two shareholders want to appoint a new independent adviser and maybe put forward a new restructuring proposal

Restructuring

Keppel Corp to determine 'best course of action' on KrisEnergy’s restructuring

Shares in Keppel Corp closed 2 cents lower or 0.4% down at $5.32 on March 31.
Revamp of M1 aligns it with Keppel’s Vision 2030 - THE EDGE SINGAPORE

Telecommunications

Revamp of M1 aligns it with Keppel’s Vision 2030

With the revamp of M1, Keppel believes it can leverage the telco’s digital solutions and 5G network to provide enhanced solutions.
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