KrisEnergy

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

Analysts from PhillipCapital and UOB Kay Hian have kept their ‘buy’ calls on Keppel Corp with unchanged target prices of $6.12 and $6.37 respectively after the company announced it will b

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 Corp has announced that it will recognise an impairment loss of $318 million on its exposure to oil and gas company KrisEnergy, after the latter announced on June 4 that it has sub

Company in the news

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

Independent upstream oil and gas company KrisEnergy has submitted a winding-up petition to the Grand Court of the Cayman Islands on June 4.

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

A mid the resurgence of new Covid-19 cases, this year’s AGM season was like last year’s — largely devoid of physical presence.

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 Research believes that Keppel Corporation’s recent divestment and restructuring gains could alleviate concerns of potential impairment on its investment in KrisEnergy.

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 the estimated ultimate recovery from the five development wells in the Apsara oil development is “likely to be a small fraction” of the pre-development estimates due to significantl

Restructuring

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

Following KrisEnergy’s updates on the Apsara oil field development in Block A, offshore Cambodia, Keppel Corporation noted that Netherland, Sewell & Associates (NSAI), a third-party petroleum e

Revamp of M1 aligns it with Keppel’s Vision 2030 - THE EDGE SINGAPORE

TELECOMMUNICATIONS

Revamp of M1 aligns it with Keppel’s Vision 2030

Since and even before the launch of Keppel Corp’s Vision 2030 last year, the conglomerate has been busy realigning its various businesses.

KrisEnergy extends maturity of revolving credit facility - THE EDGE SINGAPORE

Restructuring

KrisEnergy extends maturity of revolving credit facility

KrisEnergy says it has extended the maturity date of the revolving credit facility by DBS (DBS RCF) to June 30, 2021.

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