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Keppel
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Keppel Corp
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FATABA
Supreme |
28-Apr-2026 13:18
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Finally their is someone who ask the right question ....then supporting it blindly . Insti investors are selling large amount BEFORE the Xd....dont they want the dividend income just for a short few days more ?  ( $900 M in the last 2 weeks ...why? )  I guess the recent issue ( Vietnam and M!)  and the continue monetisation ( but need to have good investment return then it is useful ) . ?? Time will tell ...DYODD
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tomwong
Member |
28-Apr-2026 12:17
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It matters more to understand why institutional investors have been selling. Is it due to profit taking or they smell something that retail investors are not aware of?
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Joelton
Supreme |
28-Apr-2026 11:35
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Keppel begins arbitration against partners in Vietnam JV hit by 6.9 trillion dong bill While investment is expected to be profitable, earnings may decline if fees are not fully borne by partners, says group [SINGAPORE] Keppel : BN4 -4.76% has commenced arbitration proceedings against three entities it entered into an investment with in 2016, concerning a residential and mixed-use development project in Vietnam. Its wholly owned subsidiary Corredance is seeking declarations that the three entities are fully liable for some 6.9 trillion dong (S$330 million) of additional land use fees that the authorities have imposed on Empire City, a joint venture (JV) established for the project that is 40 per cent owned by Corredance. The subsidiary is also seeking an indemnity for any losses that it may incur with respect to the fees, Keppel said on Monday (Apr 27). The unit has filed a notice of arbitration with the Singapore International Arbitration Centre against Denver Power, Tien Phuoc Real Estate Joint Stock Company and Tran Thai Lands Company. Keppel said the unit &ldquo has commenced the arbitration against the respondents to protect its interests, and will pursue its claims vigorously&rdquo . &ldquo Corredance maintains the view that (it) is not responsible for the (additional land use fees), and such costs should be borne by the respondents.&rdquo The investment in Empire City is &ldquo currently expected to remain profitable for Corredance&rdquo , based on the current carrying cost of the land plots used in the project, added Keppel. However, the investment&rsquo s overall profitability would be reduced if the additional land use fees were not fully borne by the respondents, it said. In March 2016, Corredance entered the investment agreement with the three entities and Empire City. The JV was established for the construction, development and operation of residential and mixed-use developments in the south of the core of Thu Thiem New Area in Ho Chi Minh City, Vietnam. Around end-2025, Empire City was informed that the relevant authorities had imposed around 6.9 trillion dong worth of additional land use fees on it for the use of the land plots in the area, Keppel said. Empire City has lodged formal requests with the relevant authorities to amend the decisions and quantum of the additional land use fees, which remain pending. Under the arbitration, Corredance&rsquo s claims relate to the three parties&rsquo liability in connection with warranties and representations they had provided to the unit in the investment agreement, said Keppel. These warranties and representations concern approvals received by Empire City for the use of the land plots and associated fees. The company said it will provide further updates on material developments. Keppel shares closed on Friday at S$11.55, 0.6 per cent or S$0.07 lower. |
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Joelton
Supreme |
28-Apr-2026 11:26
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JP Morgan keeps neutral rating on Keppel with unchanged June 2027 price target In an update on Apr 23, JP Morgan retained its neutral rating on Keppel and its June 2027 price target of $12. JP Morgan had downgraded Keppel on March 26 due to the ongoing Iran War. Keppel&rsquo s 1Q2026 on Apr 23 briefing had updates on the power business, divestment targets, Rigco which owns the legacy rigs, progress on funds under management (FUM) and the M1 divestment. JP Morgan points out Keppel guided that power spreads fell by around $10 before the Iran War but rose to $30 for shorter-term contracts, after the war started. At end-2025, 52% and 15% of power capacity were on 3-10 year and more than 10 year contracts, respectively. 28% of power contracts are on 1-3 year contracts, with just 5% on sub-1-year contracts. As at March 31, 30% of power contracts are 3-10 year terms with 15% on more than 10-year contracts, 47% on 1-3 years and 8% on less than 1 year. The majority of gas supplies is sourced from Malaysia. Keppel Sakra Cogen Plant has completed high-load commissioning and is on track for generation readiness in 1H2026, with electricity supply to customers expected mid-2026. On the FUM front, Keppel raised $400 million in the first quarter. Flagship funds continue to gain traction with LPs, including Middle East investors, supported by a $36 billion deal flow pipeline for deployment and future fee generation, Keppel had indicated. Asset management fees rose 13% y-o-y during the quarter to $108 million. The divestment target for 2026 stands at $2 billion to $3 billion, potentially including Keppel South Central and residential projects. More recently the divestment of i12 Katong - for a small loss -was announced. Keppel is also looking to complete the sale of two subsea cables and has since completed the disposal of its Seatrium shares. The concern, if any, was over the delayed sale of M1 because of regulatory approval. &ldquo We expect Keppel&rsquo s share price to remain range-bound near-term, as many investors in our discussions are concerned that the M1 sale may fall through or that disposal terms may need to be amended to address regulatory concerns. The revised long-stop date for the M1 transaction is 21 May 2026,&rdquo the JP Morgan report says. On a positive note, Rigco which holds the legacy rigs is likely to do well. Day rates have risen 10-15%, with Keppel receiving more enquiries due to the oil price hike. Keppel is preparing to complete the development of its seven uncompleted rigs for charter, with associated capex below the $400 million cash held in Rigco. &ldquo No force majeure has been declared for the five rigs in Saudi Arabia. Keppel is hopeful remains hopeful that charters for these rigs will be extended at higher rates,&rdquo notes the JP Morgan report. |
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Newbie2025
Senior |
28-Apr-2026 11:25
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Yes Sir, thank you for sharing🫡
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YuanLong94
Member |
28-Apr-2026 09:26
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Is a cycle Stock market have a " Sell in May and Go Away" theory. So just need to find the opposite Sell in November and Go Away stock and swap between those. Haha.
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Newbie2025
Senior |
28-Apr-2026 08:32
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Thank you Sir for sharing
Morning..
Either retail or institution buy, when one buy, the other sell.
When one sell, the other buy..😂
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JurongW
Elite |
28-Apr-2026 01:38
Yells: "Earnings give weight, Chart give wings" |
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Institutional investors have been selling Keppel shares, which explain the drop in share price.  Today huge drop of 60 cents after going xd (31 cents) shows institutions are still selling this week.
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PiRPiR
Master |
27-Apr-2026 22:30
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https://www.theedgesingapore.com/capital/brokers-calls/jp-morgan-keeps-neutral-rating-keppel-unchanged-june-2027-price-target
JP Morgan keeps neutral rating on Keppel with unchanged June 2027 price target The Edge Singapore Mon, Apr 27, 2026 ? 11:16 AM GMT+08 ? 3 min read JP Morgan keeps neutral rating on Keppel with unchanged June 2027 price target The Edge Singapore Mon, Apr 27, 2026 ? 11:16 AM GMT+08 ? 3 min read JP Morgan keeps neutral rating on Keppel with unchanged June 2027 price target Bifrost cable system: Keppel?s end‑ to‑ end connectivity ecosyste Add as a preferred source on Google In an update on Apr 23, JP Morgan retained its neutral rating on Keppel and its June 2027 price target of $12. JP Morgan had downgraded Keppel on March 26 due to the ongoing Iran War. Keppel?s 1Q2026 on Apr 23 briefing had updates on the power business, divestment targets, Rigco which owns the legacy rigs, progress on funds under management (FUM) and the M1 divestment. JP Morgan points out Keppel guided that power spreads fell by around $10 before the Iran War but rose to $30 for shorter-term contracts, after the war started. At end-2025, 52% and 15% of power capacity were on 3-10 year and more than 10 year contracts, respectively. 28% of power contracts are on 1-3 year contracts, with just 5% on sub-1-year contracts. As at March 31, 30% of power contracts are 3-10 year terms with 15% on more than 10-year contracts, 47% on 1-3 years and 8% on less than 1 year.m ======= paywall ======= |
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geographic
Senior |
27-Apr-2026 21:44
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Hopefully no need to go through another decade to reach the same price again. I also bought in 2014 when the share price was also $10plus.  Today& rsquo s drop is quite drastic. It even became the top loser on SGX. | ||||
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YuanLong94
Member |
27-Apr-2026 21:32
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Bought Keppel since 2019  Year 2028 is Keppel 60 years anniversary  Aermont plus 60 years , Let Huatttttttt haha
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newbie19
Supreme |
27-Apr-2026 20:57
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Absolutely agree..
Keppel and me already buddy for the past 12 years and still going strong..
Sleep well and eat well..😆
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newbie2019
Veteran |
27-Apr-2026 20:34
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No worries. With Keppel, I can sleep soundly every night.
Let's wait for 21 May. If the deal falls through, I'm quite certain the backup plan is AssetCo.
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JurongW
Elite |
27-Apr-2026 20:25
Yells: "Earnings give weight, Chart give wings" |
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Extracted from Yahoo Finance![]()
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newbie19
Supreme |
27-Apr-2026 20:02
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Below are the latest BUY from different analyst.
Analyst / Source Rating. Target Price. Date
Phillip Securities (POEMS) BUY. $13.80. 27 Apr 2026
Investing.com Average. BUY. $13.02. 22 Apr 2026
OCBC (Global Markets) BUY. $12.78. 16 Apr 2026
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JurongW
Elite |
27-Apr-2026 19:16
Yells: "Earnings give weight, Chart give wings" |
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Phillip maintain target price of $13.80. https://internetfileserver.phillip.com.sg/POEMS/Stocks/Research/ResearchCoverage/SG/KEP20260427.pdf |
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JurongW
Elite |
27-Apr-2026 19:01
Yells: "Earnings give weight, Chart give wings" |
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SBB today - 400,000 shares bought at 10.96 to 11.20 ($4,424,389) |
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JurongW
Elite |
27-Apr-2026 18:19
Yells: "Earnings give weight, Chart give wings" |
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Today share price closed below S2.  Now depend how it will react at 150EMA, followed by S3 / 200EMA.
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Newbie2025
Senior |
27-Apr-2026 17:50
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Sir, from your sharing, does it indicate it goes to $10 soon
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Newbie2025
Senior |
27-Apr-2026 17:04
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Chinese, Sir..
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