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Latest Forum Topics / Keppel    Last:11.48    -0.05  Post Reply
Keppel Corp

MrBear12
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07-Aug-2020 09:09     
 
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Yells: "Cast all our anxieties on Jesus for He cares for us"
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 Alert Admin 		keep for five years and you'll see a doubling

newbie19      ( Date: 07-Aug-2026 12:00) Posted:

I also got it in 2014 at $10.50. 20,000 shares. In between i think should be around 5 years ago i average down around $5.50, 15,000 shares & $5.80, 15,000 shares. Average cost $7+.

geographic      ( Date: 07-Aug-2026 11:30) Posted:

I have the least share only 25k bought in 2014 at $10.58. 
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newbie19
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07-Aug-2020 09:07     
 
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 Alert Admin 		I also got it in 2014 at $10.50. 20,000 shares. In between i think should be around 5 years ago i average down around $5.50, 15,000 shares & $5.80, 15,000 shares. Average cost $7+.

geographic      ( Date: 07-Aug-2026 11:30) Posted:

I have the least share only 25k bought in 2014 at $10.58. 

newbie19      ( Date: 07-Aug-2026 11:07) Posted:

I also got some US tech stocks but not much. Invest about US $10K from Moomoo
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geographic
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07-Aug-2026 11:30     
 
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 Alert Admin 		I have the least share only 25k bought in 2014 at $10.58. 

newbie19      ( Date: 07-Aug-2026 11:07) Posted:

I also got some US tech stocks but not much. Invest about US $10K from Moomoo.

newbie19      ( Date: 07-Aug-2026 11:01) Posted:

Most probably Not..will SELL all my 50,000 shares in mid 2028
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newbie19
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07-Aug-2026 11:07     
 
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 Alert Admin 		I also got some US tech stocks but not much. Invest about US $10K from Moomoo.

newbie19      ( Date: 07-Aug-2026 11:01) Posted:

Most probably Not..will SELL all my 50,000 shares in mid 2028.

YuanLong94      ( Date: 07-Aug-2026 10:24) Posted:

can you come back in 2030?

If want chiong stock , maybe buy USA stock? How many share you have for Keppel?

 
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newbie19
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07-Aug-2026 11:01     
 
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 Alert Admin 		Most probably Not..will SELL all my 50,000 shares in mid 2028.

YuanLong94      ( Date: 07-Aug-2026 10:24) Posted:

can you come back in 2030?

If want chiong stock , maybe buy USA stock? How many share you have for Keppel?

 

newbie19      ( Date: 07-Aug-2026 10:12) Posted:

Initially i don't believed what Coporate Monitor condemning about keppel accountability But after i read in depth about Corporate Monitor. It's quite true. CM was founded by prominent industry figures- including Corporate governance expert Professor Mak Yuen Teen, former KPMG partner Tan Yee Peng and Rohan. Their critiques about Keppel across 4 critical areas were. 1. Dividend sustainability. 2. Transparency in asset management. 3. Structural conflicts of interest. 4. Underperformance of underlying business monetisation rather than operating cash flow and highlght governance and disclosure deficiencies. After all the above comments Keppel did not take any actions to defend the company and staying silent!! I MAYBE WRONG SO HOPE THOSE INTERESTED INVESTORS PLEASE COMMENTS. I m a LONG TIME INVESTOR , 12 years. till now waiting for $15 ONLY till neck pain also cannot fulfil
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YuanLong94
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07-Aug-2026 10:24     
 
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 Alert Admin 		can you come back in 2030?

If want chiong stock , maybe buy USA stock? How many share you have for Keppel?

 

newbie19      ( Date: 07-Aug-2026 10:12) Posted:

Initially i don't believed what Coporate Monitor condemning about keppel accountability But after i read in depth about Corporate Monitor. It's quite true. CM was founded by prominent industry figures- including Corporate governance expert Professor Mak Yuen Teen, former KPMG partner Tan Yee Peng and Rohan. Their critiques about Keppel across 4 critical areas were. 1. Dividend sustainability. 2. Transparency in asset management. 3. Structural conflicts of interest. 4. Underperformance of underlying business monetisation rather than operating cash flow and highlght governance and disclosure deficiencies. After all the above comments Keppel did not take any actions to defend the company and staying silent!! I MAYBE WRONG SO HOPE THOSE INTERESTED INVESTORS PLEASE COMMENTS. I m a LONG TIME INVESTOR , 12 years. till now waiting for $15 ONLY till neck pain also cannot fulfill

geographic      ( Date: 07-Aug-2026 09:32) Posted:

Fully agree! Really lacklustre. Seatrium guys also originate from Keppel. I see how DBS chiong, I really lift my hat to the CEO. 
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newbie19
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07-Aug-2026 10:12     
 
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 Alert Admin 		Initially i don't believed what Coporate Monitor condemning about keppel accountability But after i read in depth about Corporate Monitor. It's quite true. CM was founded by prominent industry figures- including Corporate governance expert Professor Mak Yuen Teen, former KPMG partner Tan Yee Peng and Rohan. Their critiques about Keppel across 4 critical areas were. 1. Dividend sustainability. 2. Transparency in asset management. 3. Structural conflicts of interest. 4. Underperformance of underlying business monetisation rather than operating cash flow and highlght governance and disclosure deficiencies. After all the above comments Keppel did not take any actions to defend the company and staying silent!! I MAYBE WRONG SO HOPE THOSE INTERESTED INVESTORS PLEASE COMMENTS. I m a LONG TIME INVESTOR , 12 years. till now waiting for $15 ONLY till neck pain also cannot fulfill

geographic      ( Date: 07-Aug-2026 09:32) Posted:

Fully agree! Really lacklustre. Seatrium guys also originate from Keppel. I see how DBS chiong, I really lift my hat to the CEO. 

newbie19      ( Date: 07-Aug-2026 09:12) Posted:

This Joker still in a dreamland. Keppel and Seatrium both Abang Adik..😅 😅 😅 crawl like snail even worst than tortoise!!! Come next week can see $10+ liao.....😆 😆 😆 😆
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geographic
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07-Aug-2026 09:32     
 
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 Alert Admin 		Fully agree! Really lacklustre. Seatrium guys also originate from Keppel. I see how DBS chiong, I really lift my hat to the CEO. 

newbie19      ( Date: 07-Aug-2026 09:12) Posted:

This Joker still in a dreamland. Keppel and Seatrium both Abang Adik..😅 😅 😅 crawl like snail even worst than tortoise!!! Come next week can see $10+ liao.....😆 😆 😆 😆

geographic      ( Date: 06-Aug-2026 14:19) Posted:

Sibei Jialat! STI in green, this joker still doing backward cha cha - 2 steps forward, 4 steps backward. Very disappointing. 
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newbie19
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07-Aug-2026 09:12     
 
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 Alert Admin 		This Joker still in a dreamland. Keppel and Seatrium both Abang Adik..😅 😅 😅 crawl like snail even worst than tortoise!!! Come next week can see $10+ liao.....😆 😆 😆 😆

geographic      ( Date: 06-Aug-2026 14:19) Posted:

Sibei Jialat! STI in green, this joker still doing backward cha cha - 2 steps forward, 4 steps backward. Very disappointing. 

newbie19      ( Date: 06-Aug-2026 12:19) Posted:

The management is underperforming. The 2 of the top management better buck-up. Shares climb like snail and drop like sword. 1. Big profit drop. Total net profit fell 59% due to bad legacy investments. 2. Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses. 3. Failed M1 sale. The S$1 billion sale of M1 telecom Failed, forcing unexpected coso cuts. 4. Weak dividends. Critics say dividends are paid by selling assets, not from regular business cash. 5. Poor Reit choices. Property decisions cut into investors payout during high interest rates. 6. Low market trust. Investors value Keppel much lower than global rivals like Broomfield. If still carry on this weak trend.. Come next week will see $10..No more $11 or $12, unless otherwise slowly and slowly climb back up like snail.
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newbie19
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06-Aug-2026 17:08     
 
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 Alert Admin 		Useless, day day drop!!!!!!!

newbie19      ( Date: 06-Aug-2026 15:32) Posted:

Yes it's true. The breakdown of the 375 million lost. 165 million in direct impairments on 13 legacy rig assets. Ongoing interest and maintenance costs required to keep and jold these rigs. Because of this 375 million non core drag, Keppel overall first half net profit plunged by 59% yoy to 154.7 million, even though its core business remained profitable. The point here is the management should issue a profit warning before results and not painted a colourful picture!!! See now , before results it was at $12. Now $11. Next week $10+. Top management go and retire la...

YuanLong94      ( Date: 06-Aug-2026 15:12) Posted:

" Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses.  " This is like saying you inheritance 4Billion from your parent but you sell at a loss @ 3.7Billion . You only get back 3.7 Billion cash. What a bad legacy deals
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newbie19
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06-Aug-2026 15:32     
 
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 Alert Admin 		Yes it's true. The breakdown of the 375 million lost. 165 million in direct impairments on 13 legacy rig assets. Ongoing interest and maintenance costs required to keep and jold these rigs. Because of this 375 million non core drag, Keppel overall first half net profit plunged by 59% yoy to 154.7 million, even though its core business remained profitable. The point here is the management should issue a profit warning before results and not painted a colourful picture!!! See now , before results it was at $12. Now $11. Next week $10+. Top management go and retire la...

YuanLong94      ( Date: 06-Aug-2026 15:12) Posted:

" Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses.  " This is like saying you inheritance 4Billion from your parent but you sell at a loss @ 3.7Billion . You only get back 3.7 Billion cash. What a bad legacy deals.

newbie19      ( Date: 06-Aug-2026 12:19) Posted:

The management is underperforming. The 2 of the top management better buck-up. Shares climb like snail and drop like sword. 1. Big profit drop. Total net profit fell 59% due to bad legacy investments. 2. Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses. 3. Failed M1 sale. The S$1 billion sale of M1 telecom Failed, forcing unexpected coso cuts. 4. Weak dividends. Critics say dividends are paid by selling assets, not from regular business cash. 5. Poor Reit choices. Property decisions cut into investors payout during high interest rates. 6. Low market trust. Investors value Keppel much lower than global rivals like Broomfield. If still carry on this weak trend.. Come next week will see $10..No more $11 or $12, unless otherwise slowly and slowly climb back up like snail.
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YuanLong94
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06-Aug-2026 15:12     
 
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 Alert Admin 		" Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses.  " This is like saying you inheritance 4Billion from your parent but you sell at a loss @ 3.7Billion . You only get back 3.7 Billion cash. What a bad legacy deals.

newbie19      ( Date: 06-Aug-2026 12:19) Posted:

The management is underperforming. The 2 of the top management better buck-up. Shares climb like snail and drop like sword. 1. Big profit drop. Total net profit fell 59% due to bad legacy investments. 2. Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses. 3. Failed M1 sale. The S$1 billion sale of M1 telecom Failed, forcing unexpected coso cuts. 4. Weak dividends. Critics say dividends are paid by selling assets, not from regular business cash. 5. Poor Reit choices. Property decisions cut into investors payout during high interest rates. 6. Low market trust. Investors value Keppel much lower than global rivals like Broomfield. If still carry on this weak trend.. Come next week will see $10..No more $11 or $12, unless otherwise slowly and slowly climb back up like snail..

tongphlp      ( Date: 05-Aug-2026 15:30) Posted:

what nonsense? .profit slumped and yet upbeat? so can unload to retailers? 
off they run
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newbie19
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06-Aug-2026 14:31     
 
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 Alert Admin 		Tiok bo, kong liao poon tu lang!! Luckily only good is the persistent dividends annually and freebies. Other than that this stock quite similar to Seatrium..Kana Sai!!

geographic      ( Date: 06-Aug-2026 14:19) Posted:

Sibei Jialat! STI in green, this joker still doing backward cha cha - 2 steps forward, 4 steps backward. Very disappointing. 

newbie19      ( Date: 06-Aug-2026 12:19) Posted:

The management is underperforming. The 2 of the top management better buck-up. Shares climb like snail and drop like sword. 1. Big profit drop. Total net profit fell 59% due to bad legacy investments. 2. Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses. 3. Failed M1 sale. The S$1 billion sale of M1 telecom Failed, forcing unexpected coso cuts. 4. Weak dividends. Critics say dividends are paid by selling assets, not from regular business cash. 5. Poor Reit choices. Property decisions cut into investors payout during high interest rates. 6. Low market trust. Investors value Keppel much lower than global rivals like Broomfield. If still carry on this weak trend.. Come next week will see $10..No more $11 or $12, unless otherwise slowly and slowly climb back up like snail.
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geographic
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06-Aug-2026 14:19     
 
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 Alert Admin 		Sibei Jialat! STI in green, this joker still doing backward cha cha - 2 steps forward, 4 steps backward. Very disappointing. 

newbie19      ( Date: 06-Aug-2026 12:19) Posted:

The management is underperforming. The 2 of the top management better buck-up. Shares climb like snail and drop like sword. 1. Big profit drop. Total net profit fell 59% due to bad legacy investments. 2. Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses. 3. Failed M1 sale. The S$1 billion sale of M1 telecom Failed, forcing unexpected coso cuts. 4. Weak dividends. Critics say dividends are paid by selling assets, not from regular business cash. 5. Poor Reit choices. Property decisions cut into investors payout during high interest rates. 6. Low market trust. Investors value Keppel much lower than global rivals like Broomfield. If still carry on this weak trend.. Come next week will see $10..No more $11 or $12, unless otherwise slowly and slowly climb back up like snail..

tongphlp      ( Date: 05-Aug-2026 15:30) Posted:

what nonsense? .profit slumped and yet upbeat? so can unload to retailers? 
off they run
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newbie19
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06-Aug-2026 12:19     
 
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 Alert Admin 		The management is underperforming. The 2 of the top management better buck-up. Shares climb like snail and drop like sword. 1. Big profit drop. Total net profit fell 59% due to bad legacy investments. 2. Bad legacy deals. Keeping old oil rig assets cost the company S$375 million losses. 3. Failed M1 sale. The S$1 billion sale of M1 telecom Failed, forcing unexpected coso cuts. 4. Weak dividends. Critics say dividends are paid by selling assets, not from regular business cash. 5. Poor Reit choices. Property decisions cut into investors payout during high interest rates. 6. Low market trust. Investors value Keppel much lower than global rivals like Broomfield. If still carry on this weak trend.. Come next week will see $10..No more $11 or $12, unless otherwise slowly and slowly climb back up like snail..

tongphlp      ( Date: 05-Aug-2026 15:30) Posted:

what nonsense? .profit slumped and yet upbeat? so can unload to retailers? 
off they run?

Joelton      ( Date: 05-Aug-2026 10:38) Posted:



Analysts upbeat on &lsquo New Keppel&rsquo core operations despite group&rsquo s net profit plunge

[SINGAPORE] Analysts remained largely upbeat about Keppel&rsquo s : BN4 +0.89% core operations, despite a drop in the global asset manager and operator&rsquo s H1 net profit.

The group reported a 59 per cent year-on-year plunge in net profit to S$155 million for H1. The drag came from its non-core asset portfolio, which posted a net loss of S$375 million, primarily due to S$165 million in legacy rig impairments, in addition to interest costs tied to these rigs.

However, equity research houses emphasised that the operational engine of its continuing core business &ndash which it calls &ldquo New Keppel&rdquo &ndash remains in prime health.

DBS said that the group &ldquo offers a unique and unrivalled proposition as a global asset manager with developer and operator capabilities in real estate and the green industrial space&rdquo .

It added that Keppel has strong roots in engineering as well as a track record in capital management, and increasingly acts as a proxy for artificial intelligence-driven infrastructure demand.

Looking past its non-core drag, &ldquo New Keppel&rdquo posted a 25 per cent rise in net profit to about S$530 million in H1, from S$424 million a year earlier.

Analysts broadly concurred that the core earnings reported were in line with expectations.

DBS noted in its report on Jul 31 that the asset manager and operator is seeing &ldquo improving earnings quality and return on equity&rdquo .

&ldquo This trend should continue as the company focuses on shifting revenue from order book-based sources to fees and returns from its portfolio assets (real estate, infrastructure and digital assets),&rdquo the research house said.

Funding goals

Analysts highlighted a primary operational milestone &ndash Keppel reaching its funding goals well ahead of timeline.

Funds under management (FUM) expanded to S$106 billion by end-July 2026, clearing its interim S$100 billion target set for the end of the year.

UOB Kay Hian (UOBKH) said in a Jul 31 note that Keppel is &ldquo backed by favourable long-term secular trends&rdquo , with &ldquo proven fundraising/investment capabilities and deep operational expertise as an integrated asset manager and operator&rdquo .

The group is aiming to scale its FUM to S$200 billion by 2030.

DBS maintained its &ldquo buy&rdquo rating with a target price of S$13.30, emphasising that &ldquo FUM growth and the recovery/monetisation of non-core assets should enable the company to achieve its target 15 per cent return-on-equity target&rdquo .

As part of its asset-light strategy, Keppel said it carried out about S$1.7 billion of asset monetisation in 2026 to date, and is on track to reach its full-year target of S$2 billion to S$3 billion.

This includes a recently announced plan to monetise up to 10 legacy offshore rigs for about S$3.7 billion. Six of them are slated to be divested by this year for a total of S$1.2 billion.

UOBKH also reiterated a &ldquo buy&rdquo call with an updated target price of S$13.26, up from S$13.23 previously. It stated that it expects &ldquo stronger H2 2026 core earnings for Keppel, at S$545 million (+22.2 per cent year on year), driven by the full half-year contribution from the KSC power plant&rdquo .

&ldquo Fundamentals remain positive, as Keppel continues to divest its non-core assets, while scaling its fund management business towards its 2030 goals,&rdquo it added.

Keppel declared a flat interim dividend of S$0.15 per share.

&ldquo Coupled with our final dividend per share projection of S$0.19 and potentially S$0.10 special dividend, Keppel could pay S$0.44 in total for FY2026, implying a 4 per cent yield,&rdquo DBS said.

Meanwhile, UOBKH said that by its estimate, Keppel could offer a 4.2 per cent yield in 2026 to 2028.


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YuanLong94
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06-Aug-2026 10:19     
 
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 Alert Admin 		Is sad that we need to thank Iran war, without Iran war , it will be tougher for them to cut this 13 rig deal. Just fyi. this 13 rig is asset they hold since Keppel O& M. 

For me, Keppel did a great deal. They get this 13 rig and Seatrium stock, which all of it, they have realized to cash for their ongoing be it , cashflow, reinvestment, monetization , debt reduction or shareholder return.

YuanLong94      ( Date: 06-Aug-2026 10:16) Posted:



Even if M1 generates S$1 billion in cash this quarter, it could still show an accounting loss because the asset was previously carried on the books at around S$222 million above its eventual sale value.

The company still receives the S$1 billion in cash. The " loss" is simply an accounting adjustment because the asset had been valued higher in previous years. Over time, Keppel had already recognized around S$900 million of unrealized (paper) gains from M1. When the asset is finally sold, those estimates are replaced by the actual sale price.

In accounting, companies periodically revalue their assets based on estimated fair value. The true value is only confirmed when the asset is sold. Hence the 10 rig write down.

Looking ahead:
  • AUM has reached S$106 billion (August), already exceeding the S$100 billion target set for December.
  • New Keppel contributed around S$530 million (about 25% of earnings), compared with the previous half-year.
  • Monetisation has reached S$2.1 billion, with another S$13.5 billion in the pipeline.
  • Keppel is continuing its transition by selling mature (" Old Keppel" ) assets and recycling capital into its asset-light (" New Keppel" ) strategy.
  • While New Keppel continues to generate recurring profits during this transition, the sale of Old Keppel assets brings in substantial cash, providing greater capacity for dividends, share buybacks, or new investments.


tongphlp      ( Date: 05-Aug-2026 15:30) Posted:

what nonsense? .profit slumped and yet upbeat? so can unload to retailers? 
off they run
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Joelton
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06-Aug-2026 10:17     
 
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Keppel hits 2026 asset-sale target early with US$270 million Vietnam divestment

The deal brings its year-to-date monetisations to S$2.1 billion, within its full-year goal of between S$2 billion and S$3 billion

[SINGAPORE] Keppel : BN4 -0.44% on Wednesday (Aug 5) said that it has successfully hit its annual asset-monetisation target ahead of schedule, cementing its ongoing transition towards an asset-light global manager model.

The asset manager and operator has hit S$2.1 billion in year-to-date monetisations, with the figure within Keppelก ฆ s target of S$2 billion to S$3 billion for 2026.

The milestone was officially achieved following a conditional agreement to offload its 40 per cent equity interest in Empire City, a waterfront and mixed-use development in Ho Chi Minh City, Vietnam.

The transaction will yield an aggregate cash consideration of about US$270 million or around S$343 million. The deal is slated for completion by the fourth quarter of 2026.

Strategic execution

Keppel said that by shedding real estate developments that sit heavy on its balance sheet, it is accelerating its growth as an asset-light company.

Lee Kok Chew, head of Keppelก ฆ s accelerating monetisation task force, noted that realising the S$343 million in cash reflects the companyก ฆ s concerted efforts to unlock value from non-core assets.

The 40 per cent stake in Empire City is being sold to joint-venture partners a 20 per cent interest will go to Denver Power Vietnam Company, and the remaining 20 per cent will go to Golden Axis Company.

The buyers will pay the consideration over three cash tranches, with the final payment to be made upon receiving the authoritiesก ฆ approval for the equity transfer registration.

Looking ahead to 2030

With its 2026 target secured, Keppel said its focus is shifting towards its longer-term runway. The firm still holds a S$13.7 billion non-core portfolio, based on gross asset values reported at the end of June 2026, which it plans to realise by the end of 2030.

The substantial cash released from these ongoing divestments is earmarked for reinvestment into higher-return growth opportunities, reducing corporate debt and rewarding shareholders.

Keppel added that the Empire City transaction is not expected to have any material impact on its net tangible asset per share or earnings per share for the current financial year.

On Jul 30, it reported a 59 per cent year-on-year plunge in net profit to about S$155 million for the first half of its fiscal year.

The drag came from its non-core asset portfolio, which posted a net loss of S$375 million, primarily due to S$165 million in legacy rig impairments, in addition to interest costs tied to these rigs.

Still, analysts remained largely upbeat about the companyก ฆ s core operations, despite the drop in earnings. The equity research houses also emphasised that the operational engine of its continuing core business ก V which it calls ก ง New Keppelก จ ก V remains in prime health.
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YuanLong94
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06-Aug-2026 10:16     
 
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 Alert Admin

Even if M1 generates S$1 billion in cash this quarter, it could still show an accounting loss because the asset was previously carried on the books at around S$222 million above its eventual sale value.

The company still receives the S$1 billion in cash. The " loss" is simply an accounting adjustment because the asset had been valued higher in previous years. Over time, Keppel had already recognized around S$900 million of unrealized (paper) gains from M1. When the asset is finally sold, those estimates are replaced by the actual sale price.

In accounting, companies periodically revalue their assets based on estimated fair value. The true value is only confirmed when the asset is sold. Hence the 10 rig write down.

Looking ahead:
  • AUM has reached S$106 billion (August), already exceeding the S$100 billion target set for December.
  • New Keppel contributed around S$530 million (about 25% of earnings), compared with the previous half-year.
  • Monetisation has reached S$2.1 billion, with another S$13.5 billion in the pipeline.
  • Keppel is continuing its transition by selling mature (" Old Keppel" ) assets and recycling capital into its asset-light (" New Keppel" ) strategy.
  • While New Keppel continues to generate recurring profits during this transition, the sale of Old Keppel assets brings in substantial cash, providing greater capacity for dividends, share buybacks, or new investments.


tongphlp      ( Date: 05-Aug-2026 15:30) Posted:

what nonsense? .profit slumped and yet upbeat? so can unload to retailers? 
off they run?

Joelton      ( Date: 05-Aug-2026 10:38) Posted:



Analysts upbeat on &lsquo New Keppel&rsquo core operations despite group&rsquo s net profit plunge

[SINGAPORE] Analysts remained largely upbeat about Keppel&rsquo s : BN4 +0.89% core operations, despite a drop in the global asset manager and operator&rsquo s H1 net profit.

The group reported a 59 per cent year-on-year plunge in net profit to S$155 million for H1. The drag came from its non-core asset portfolio, which posted a net loss of S$375 million, primarily due to S$165 million in legacy rig impairments, in addition to interest costs tied to these rigs.

However, equity research houses emphasised that the operational engine of its continuing core business &ndash which it calls &ldquo New Keppel&rdquo &ndash remains in prime health.

DBS said that the group &ldquo offers a unique and unrivalled proposition as a global asset manager with developer and operator capabilities in real estate and the green industrial space&rdquo .

It added that Keppel has strong roots in engineering as well as a track record in capital management, and increasingly acts as a proxy for artificial intelligence-driven infrastructure demand.

Looking past its non-core drag, &ldquo New Keppel&rdquo posted a 25 per cent rise in net profit to about S$530 million in H1, from S$424 million a year earlier.

Analysts broadly concurred that the core earnings reported were in line with expectations.

DBS noted in its report on Jul 31 that the asset manager and operator is seeing &ldquo improving earnings quality and return on equity&rdquo .

&ldquo This trend should continue as the company focuses on shifting revenue from order book-based sources to fees and returns from its portfolio assets (real estate, infrastructure and digital assets),&rdquo the research house said.

Funding goals

Analysts highlighted a primary operational milestone &ndash Keppel reaching its funding goals well ahead of timeline.

Funds under management (FUM) expanded to S$106 billion by end-July 2026, clearing its interim S$100 billion target set for the end of the year.

UOB Kay Hian (UOBKH) said in a Jul 31 note that Keppel is &ldquo backed by favourable long-term secular trends&rdquo , with &ldquo proven fundraising/investment capabilities and deep operational expertise as an integrated asset manager and operator&rdquo .

The group is aiming to scale its FUM to S$200 billion by 2030.

DBS maintained its &ldquo buy&rdquo rating with a target price of S$13.30, emphasising that &ldquo FUM growth and the recovery/monetisation of non-core assets should enable the company to achieve its target 15 per cent return-on-equity target&rdquo .

As part of its asset-light strategy, Keppel said it carried out about S$1.7 billion of asset monetisation in 2026 to date, and is on track to reach its full-year target of S$2 billion to S$3 billion.

This includes a recently announced plan to monetise up to 10 legacy offshore rigs for about S$3.7 billion. Six of them are slated to be divested by this year for a total of S$1.2 billion.

UOBKH also reiterated a &ldquo buy&rdquo call with an updated target price of S$13.26, up from S$13.23 previously. It stated that it expects &ldquo stronger H2 2026 core earnings for Keppel, at S$545 million (+22.2 per cent year on year), driven by the full half-year contribution from the KSC power plant&rdquo .

&ldquo Fundamentals remain positive, as Keppel continues to divest its non-core assets, while scaling its fund management business towards its 2030 goals,&rdquo it added.

Keppel declared a flat interim dividend of S$0.15 per share.

&ldquo Coupled with our final dividend per share projection of S$0.19 and potentially S$0.10 special dividend, Keppel could pay S$0.44 in total for FY2026, implying a 4 per cent yield,&rdquo DBS said.

Meanwhile, UOBKH said that by its estimate, Keppel could offer a 4.2 per cent yield in 2026 to 2028.


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tongphlp
Supreme
05-Aug-2026 15:30     
 
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 Alert Admin 		what nonsense? .profit slumped and yet upbeat? so can unload to retailers? 
off they run?

Joelton      ( Date: 05-Aug-2026 10:38) Posted:



Analysts upbeat on &lsquo New Keppel&rsquo core operations despite group&rsquo s net profit plunge

[SINGAPORE] Analysts remained largely upbeat about Keppel&rsquo s : BN4 +0.89% core operations, despite a drop in the global asset manager and operator&rsquo s H1 net profit.

The group reported a 59 per cent year-on-year plunge in net profit to S$155 million for H1. The drag came from its non-core asset portfolio, which posted a net loss of S$375 million, primarily due to S$165 million in legacy rig impairments, in addition to interest costs tied to these rigs.

However, equity research houses emphasised that the operational engine of its continuing core business &ndash which it calls &ldquo New Keppel&rdquo &ndash remains in prime health.

DBS said that the group &ldquo offers a unique and unrivalled proposition as a global asset manager with developer and operator capabilities in real estate and the green industrial space&rdquo .

It added that Keppel has strong roots in engineering as well as a track record in capital management, and increasingly acts as a proxy for artificial intelligence-driven infrastructure demand.

Looking past its non-core drag, &ldquo New Keppel&rdquo posted a 25 per cent rise in net profit to about S$530 million in H1, from S$424 million a year earlier.

Analysts broadly concurred that the core earnings reported were in line with expectations.

DBS noted in its report on Jul 31 that the asset manager and operator is seeing &ldquo improving earnings quality and return on equity&rdquo .

&ldquo This trend should continue as the company focuses on shifting revenue from order book-based sources to fees and returns from its portfolio assets (real estate, infrastructure and digital assets),&rdquo the research house said.

Funding goals

Analysts highlighted a primary operational milestone &ndash Keppel reaching its funding goals well ahead of timeline.

Funds under management (FUM) expanded to S$106 billion by end-July 2026, clearing its interim S$100 billion target set for the end of the year.

UOB Kay Hian (UOBKH) said in a Jul 31 note that Keppel is &ldquo backed by favourable long-term secular trends&rdquo , with &ldquo proven fundraising/investment capabilities and deep operational expertise as an integrated asset manager and operator&rdquo .

The group is aiming to scale its FUM to S$200 billion by 2030.

DBS maintained its &ldquo buy&rdquo rating with a target price of S$13.30, emphasising that &ldquo FUM growth and the recovery/monetisation of non-core assets should enable the company to achieve its target 15 per cent return-on-equity target&rdquo .

As part of its asset-light strategy, Keppel said it carried out about S$1.7 billion of asset monetisation in 2026 to date, and is on track to reach its full-year target of S$2 billion to S$3 billion.

This includes a recently announced plan to monetise up to 10 legacy offshore rigs for about S$3.7 billion. Six of them are slated to be divested by this year for a total of S$1.2 billion.

UOBKH also reiterated a &ldquo buy&rdquo call with an updated target price of S$13.26, up from S$13.23 previously. It stated that it expects &ldquo stronger H2 2026 core earnings for Keppel, at S$545 million (+22.2 per cent year on year), driven by the full half-year contribution from the KSC power plant&rdquo .

&ldquo Fundamentals remain positive, as Keppel continues to divest its non-core assets, while scaling its fund management business towards its 2030 goals,&rdquo it added.

Keppel declared a flat interim dividend of S$0.15 per share.

&ldquo Coupled with our final dividend per share projection of S$0.19 and potentially S$0.10 special dividend, Keppel could pay S$0.44 in total for FY2026, implying a 4 per cent yield,&rdquo DBS said.

Meanwhile, UOBKH said that by its estimate, Keppel could offer a 4.2 per cent yield in 2026 to 2028.

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FATABA
Supreme
05-Aug-2026 12:58     
 
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 Alert Admin 		Thanks for sharing .....I guess the bad is well put aside ( any rig sale wld be a catalyst and good news) 
New Keppel is growing .
DYODD

sfw2124      ( Date: 05-Aug-2026 11:18) Posted:

📊 Keppel (BN4) 1H2026 Reality Check: Headline Slump vs. " New Keppel" Core Surge



For retail investors tracking community discussions, Keppel' s latest 1H2026 earnings report reads like a classic tale of two completely different companies.

Here is a quick-fire, redrafted breakdown of what is actually happening underneath the hood, complete with the bull case and necessary caveats.

1. The Headline Shock vs. Core Reality



  • The Headline: Net profit crashed 59% year-on-year to S$155 million.


  • The Real Story (" New Keppel" ): Stripping out non-core legacy baggage, core net profit actually surged 25% to S$530 million, backed by a 13% rise in recurring fee income (S$467 million).

2. What Dragged the Headline Down?



  • Legacy Rigs & M1 Fallout: The headline drop was driven by a S$375 million non-core portfolio loss, which included S$165 million in impairment charges on 13 legacy offshore rigs and suspended depreciation charges from the M1 deal fallout.


  • The Clean-Up Phase: Management is actively taking the accounting pain now to purge old non-core assets via the Apollo Global partnership fund and aggressive asset monetization.

3. The Bull Case & Advantages (Why Analysts Are Maintaining " Buys" )



  • FUM Milestone Smashed Early: Funds Under Management (FUM) crossed S$106 billion by July, beating the full-year target ahead of schedule.


  • Aggressive Monetisation: Keppel has already locked in S$1.7 billion in asset monetisation for the year (tracking well toward its S$2B&ndash S$3B full-year target), including the multi-billion-dollar rig restructuring.


  • Solid Dividend Yield: Maintained an interim dividend of 15.0 cents per share, with full-year payouts projected to reach S$0.44 per share (yielding roughly 4%).


  • Broker Consensus: Major institutional houses like DBS and UOB Kay Hian maintain " Buy" ratings with target prices pegged between S$13.26 and S$13.30.

⚠ ️ The Obvious Caveats & Retail Risks



  1. Legacy Execution Drag: While the Apollo rig partnership provides a much clearer exit runway, fully transferring and monetizing the remaining rigs through 2028 means legacy assets could still cause intermittent headline noise.


  2. Uneven Segment Performance: While infrastructure and connectivity segments are firing on all cylinders, the real estate portfolio has experienced pockets of weakness and accounting loss adjustments.


  3. Macro & Capital Raising Sensitivity: As Keppel pivots heavily into an asset-management and fee-driven model targeting S$200 billion in FUM by 2030, its growth relies heavily on continuous institutional liquidity and favorable macroeconomic conditions for fundraising. DYODD


Joelton      ( Date: 05-Aug-2026 10:38) Posted:



Analysts upbeat on &lsquo New Keppel&rsquo core operations despite group&rsquo s net profit plunge

[SINGAPORE] Analysts remained largely upbeat about Keppel&rsquo s : BN4 +0.89% core operations, despite a drop in the global asset manager and operator&rsquo s H1 net profit.

The group reported a 59 per cent year-on-year plunge in net profit to S$155 million for H1. The drag came from its non-core asset portfolio, which posted a net loss of S$375 million, primarily due to S$165 million in legacy rig impairments, in addition to interest costs tied to these rigs.

However, equity research houses emphasised that the operational engine of its continuing core business &ndash which it calls &ldquo New Keppel&rdquo &ndash remains in prime health.

DBS said that the group &ldquo offers a unique and unrivalled proposition as a global asset manager with developer and operator capabilities in real estate and the green industrial space&rdquo .

It added that Keppel has strong roots in engineering as well as a track record in capital management, and increasingly acts as a proxy for artificial intelligence-driven infrastructure demand.

Looking past its non-core drag, &ldquo New Keppel&rdquo posted a 25 per cent rise in net profit to about S$530 million in H1, from S$424 million a year earlier.

Analysts broadly concurred that the core earnings reported were in line with expectations.

DBS noted in its report on Jul 31 that the asset manager and operator is seeing &ldquo improving earnings quality and return on equity&rdquo .

&ldquo This trend should continue as the company focuses on shifting revenue from order book-based sources to fees and returns from its portfolio assets (real estate, infrastructure and digital assets),&rdquo the research house said.

Funding goals

Analysts highlighted a primary operational milestone &ndash Keppel reaching its funding goals well ahead of timeline.

Funds under management (FUM) expanded to S$106 billion by end-July 2026, clearing its interim S$100 billion target set for the end of the year.

UOB Kay Hian (UOBKH) said in a Jul 31 note that Keppel is &ldquo backed by favourable long-term secular trends&rdquo , with &ldquo proven fundraising/investment capabilities and deep operational expertise as an integrated asset manager and operator&rdquo .

The group is aiming to scale its FUM to S$200 billion by 2030.

DBS maintained its &ldquo buy&rdquo rating with a target price of S$13.30, emphasising that &ldquo FUM growth and the recovery/monetisation of non-core assets should enable the company to achieve its target 15 per cent return-on-equity target&rdquo .

As part of its asset-light strategy, Keppel said it carried out about S$1.7 billion of asset monetisation in 2026 to date, and is on track to reach its full-year target of S$2 billion to S$3 billion.

This includes a recently announced plan to monetise up to 10 legacy offshore rigs for about S$3.7 billion. Six of them are slated to be divested by this year for a total of S$1.2 billion.

UOBKH also reiterated a &ldquo buy&rdquo call with an updated target price of S$13.26, up from S$13.23 previously. It stated that it expects &ldquo stronger H2 2026 core earnings for Keppel, at S$545 million (+22.2 per cent year on year), driven by the full half-year contribution from the KSC power plant&rdquo .

&ldquo Fundamentals remain positive, as Keppel continues to divest its non-core assets, while scaling its fund management business towards its 2030 goals,&rdquo it added.

Keppel declared a flat interim dividend of S$0.15 per share.

&ldquo Coupled with our final dividend per share projection of S$0.19 and potentially S$0.10 special dividend, Keppel could pay S$0.44 in total for FY2026, implying a 4 per cent yield,&rdquo DBS said.

Meanwhile, UOBKH said that by its estimate, Keppel could offer a 4.2 per cent yield in 2026 to 2028.


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