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Keppel Corp
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Ling9345
Master |
25-May-2023 13:00
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$6 is coming soon | ||||
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Red_Bean
Member |
25-May-2023 09:44
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Target price CIMB : $8.70 DBS : $8.30 OCBC: $7.28 Phillip : $7.01 UOB KayHian :$9.09 https://sginvestors.io/sgx/stock/bn4-keppel-corp/target-price |
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des_khor
Supreme |
24-May-2023 15:17
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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KC say I?m tired ! Tested above 650 so many times also kenal pull down ! | ||||
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Red_Bean
Member |
24-May-2023 15:13
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What happened to KC? Drop 1.4% 9c |
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FATABA
Supreme |
24-May-2023 09:13
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Kep is so quiet as I think they are awaiting for the DataPark+ project approval ( from Spore Govn) This is already if not wrong going to be the largest data centre here ( or in this park of the world ) Spore already one of the largest data centre in Asia However these centres uses large amount of electricity and going forward need to be GREEN . Even with this park approved , I hear that we are still short of the demand in Asia . Much potential awaits ...BUT we need the land and green tech ( so Kep Hydrogen do play a good part here ) WHatever this DataPark+ is going to be a mover or catalyst for Kep Corp Awaiting patiently . Happy investing. |
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CaiShenDao
Member |
22-May-2023 13:32
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KC is a good counter for long hold and dividend play... bullish over its long term prospects! well done KC and cheers to the yummy seatrium free shares. :X | ||||
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Usually
Member |
21-May-2023 23:40
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Keppel: Strategic Restructure Should Help Unlock Value and Allow Cost Savings | MorningstarKeppel: Strategic Restructure Should Help Unlock Value and Allow Cost SavingsMay 18, 2023
We keep Keppel&rsquo s BN4 fair value estimate at SGD 7 following updates on its Vision 2030 plans. The immediate takeaway is that Keppel targets annual cost savings of SGD 60 million to SGD 70 million by 2026 from its restructure into an alternative real asset manager. We retain our earnings forecast for now but note that there is potential upside once the cost cuts are factored in pending the release of more details in Keppel&rsquo s first-half presentation. We also believe that the new structure should allow for greater earnings visibility, and this could unlock value for the group. We see Keppel as a buy presently, and this news should support its share price. Key highlights of the updates include a new interim assets under management, or AUM, target of SGD 100 billion (SGD 50 billion as of end-2022) and cumulative asset monetization target of SGD 10 billion to SGD 12 billion (more than SGD 4.9 billion as of end-March 2023) by end-2026. With the aim to transform itself into a global alternative real asset manager from a conglomerate, the firm&rsquo s conglomerate structure will be simplified to form a horizontally integrated model comprising three platforms: fund management (focus on raising capital) investment (dealing with capital deployment decisions) and operating (integration of Keppel&rsquo s existing business units in infrastructure, real estate, and connectivity). The reorganization will be progressively implemented over the next 12-18 months. We expect the integration of business units into one operating platform should reap synergies, leading to the cost savings. In our view, the plan to transform into a global alternative real asset manager makes sense as Keppel owns one unique benefit, which is the strong track record in the development and operation of real assets, such as renewables, clean energy, and decarbonization solutions. We think this differentiated model will serve the growing investor demand for alternative assets, which can provide a hedge against inflation. |
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des_khor
Supreme |
20-May-2023 14:36
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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This KC eventually will closes the gap at 700 | ||||
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vicloo
Supreme |
20-May-2023 12:47
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Next hurdle is 6.6. Once clearing it heading towards 7.
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idwish
Senior |
19-May-2023 11:35
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This fellow always go up a bit and sure kena shot down | ||||
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FATABA
Supreme |
19-May-2023 11:21
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Kep / to sell strata titled carpark at Bukit Timah Plaza...another $36m is done Look like the monetisation program is moving agressively at Kepland ....wow thinking of that landbank is crazy Dyodd |
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Joelton
Supreme |
18-May-2023 09:58
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Icing on cake for Keppel&rsquo s many reboots in recent years
IF 2022 was deemed a &ldquo transformational and productive&rdquo year for Keppel Corp (in the company&rsquo s own words), then 2023 could well be the same. That reveals a lot about the giant firm&rsquo s change resolve in a landscape that has altered so much in recent years, chiefly in the offshore and energy fronts.
Keppel&rsquo s latest endeavour, unveiled earlier this month, involves ditching its long-held conglomerate status &ndash and in doing so, escaping the &ldquo conglomerate discount&rdquo that dogs such stocks &ndash to become a &ldquo differentiated global alternative real asset manager and operator&rdquo .
While quite a mouthful, the new descriptor, in essence, means that the multi-decades-old Keppel is recasting itself as an asset manager and operator by integrating its array of sizeable businesses in real estate, data centres, infrastructure and connectivity.
In turn, these businesses will be managed across three platforms &ndash fund management (fundraising for asset gathering), investment (building deal flow pipeline), and operating (an &ldquo engine room&rdquo for its technical know-how).
In breaking down silos, Keppel is hoping to tap the payoffs from better synergies and efficiency as well as an asset-light model, all while it continues to pursue the vaunted recurring income and shift away from lumpy profits.
This appears to be the big piece in Keppel&rsquo s do-over, the blocks of which were laid, perhaps unwittingly, in the course of the last three years.
In 2020, led by a 10-year road map dubbed Vision 2030, Keppel crunched down its many disparate businesses into four key segments &ndash energy and environment, urban development, connectivity and asset management.
A year later in 2021, the company, once known as one of the world&rsquo s largest rig builders, would in a radical move exit the rig business, which was then haemorrhaging. This would pave the way a year later for the sale of its offshore and marine (O& M) arm to another O& M giant Seatrium (up until only this month, it was known as Sembcorp Marine). The mammoth merger deal to create a Singapore-grown global offshore powerhouse was completed not too long ago.
Yet it is Keppel&rsquo s latest &ldquo grow fast, grow big&rdquo move, under the helm of its chief executive Loh Chin Hua, that deserves most attention of all its change efforts. It is quite the &ldquo reinvention&rdquo , even for a company that began as a shipyard, embarked into offshore, morphed into a conglomerate and had once even owned a bank.
The plan comes replete with goals &ndash to monetise some S$17.5 billion of assets the company, which has so far monetised S$5 billion, is aspiring for an interim cumulative goal of S$10 billion to S$12 billion by 2026 &ndash not a tall order, according to analysts, given its run rate on this front in the past three years.
As for assets under management (AUM), Keppel is no less ambitious, hoping for a double jump. It is aiming for AUM to double from S$50 billion currently to S$100 billion by 2026, and S$200 billion by 2030.
Noteworthy is that Keppel&rsquo s latest revamp also fits snugly with the big-picture makeovers seen in two other companies linked to Temasek.
These exercises, no less thorough and rather radical, involved sector juggernauts CapitaLand and Sembcorp Industries which, as a result, also saw management&rsquo s interests align with that of shareholders while asset divestments revved up and returns on equity (ROEs) and dividends rose. The pursuit of an asset-light business model is also a key motivation for these three companies.
In 2021, real estate juggernaut CapitaLand restructured into two distinct entities &ndash a property development arm that was privatised, and the creation of a global real estate investment manager that is listed on the Singapore Exchange. With an AUM of some S$133 billion as at March 2023, CapitaLand Investment is globally one of the largest real estate investment managers.
Then there is Sembcorp, which after a disastrous year roiled by a pandemic-led oil crash, divested non-core assets, exited the O& M business and demerged from Seatrium. In place, and not unlike Keppel, it made a pivot to clean energy, a booming trend in the energy space.
According to Morgan Stanley in a recent report, as a result of the restructuring, CapitaLand generated 90 per cent total return in 2021. As for Sembcorp, it led to a threefold rise in ROE and higher dividends from 2020 lows.
These may imbue hope for Keppel investors. Needless to say, it is worth watching if Keppel lands the &ldquo hat trick&rdquo in the restructuring boon of Temasek-linked companies.
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Red_Bean
Member |
16-May-2023 13:26
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Xu。 。 。 mà i chā don' t wake shortist up. Hahaaaa...  |
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Nezuk0
Member |
16-May-2023 11:00
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Nobody? | ||||
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Joelton
Supreme |
12-May-2023 09:22
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Keppel Corp, Keppel Infrastructure Trust commit 4.7 million euros to buy wind farm in Sweden
KEPPEL Corporation and Keppel Infrastructure Trust (KIT) will jointly commit 4.7 million euros (S$6.9 million) for a 16.3 per cent stake in a 17-megawatt (MW) Swedish onshore wind farm.
Keppel will take a 2.9 per cent stake, and KIT will take a 13.4 per cent stake in the wind farm, called Fä bodliden II, following the acquisition.
The rest of the stake will be owned by Kommunal Landspensjonskasse (KLP) and MEAG MUNICH ERGO Asset Management GmbH (MEAG) and Fred. Olsen Renewables AS (FORAS).
The acquisition follows the entities&rsquo joint announcement in July last year. At that time, Keppel and KIT jointly invested alongside KLP and MEAG, each for a 33.3 per cent stake in a joint investment vehicle. That was for a 49 per cent share of an initial portfolio of onshore wind-energy assets across Norway and Sweden, sponsored by FORAS.
Under that deal, Keppel, KIT, KLP and MEAG landed the exclusive right and obligation to co-invest in 49 per cent of all of FORAS&rsquo eligible pipeline of onshore wind-energy assets in Sweden and the United Kingdom, when the assets achieve final investment decision.
Fä bodliden II, located about 20 km north-east of Vindeln Municipality in Sweden, is part of this eligible pipeline of assets. The wind farm is currently at an advanced stage of development and is expected to be completed in the second half of this year.
The latest move comes as Keppel is expanding its involvement in the renewable energy space, in line with its 2030 goal to grow the group&rsquo s portfolio of renewable assets, said its chief executive officer (CEO) Loh Chin Hua.
&ldquo This investment, made alongside KIT, reflects our asset-light strategy, and will contribute to the group&rsquo s recurring income when the wind farm is completed,&rdquo he said.
Jopy Chiang, the CEO of KIT&rsquo s manager, said the wind farm asset will raise the business trust&rsquo s exposure to the green infrastructure segment and to the renewable energy sector to 740 MW in operating capacity.
The transaction is not expected to have a material impact on the net tangible assets per share or earnings per share of Keppel and KIT for the current financial year, according to their bourse filings.
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Christrade
Member |
10-May-2023 09:57
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 Thanks to u bro :)
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newbie19
Supreme |
10-May-2023 09:55
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Happy to hear that.....
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newbie19
Supreme |
10-May-2023 09:54
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Yes agree, more to come...
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FATABA
Supreme |
10-May-2023 09:42
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Yes certainly happy pay day for all Kep Clubbers. More to come in the future. Happy investing.
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beetlejuice
Master |
10-May-2023 09:38
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Yeah, 有 钱 大 家 一 起 赚 . 💰 🧧
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