Keppel    Last:10.68    +0.02

Keppel Corp

Ang wan qing (indep non-exe director) purchased 5000 shares at 11.79887 on 23 Apr

https://links.sgx.com/1.0.0/corporate-announcements/N2FM27G0BOWZOF83/885737__Ang%20Wan%20Ching_Form%201_final.pdf

 

Jimmy Ng (indep director) purchased 5000 shares at 11.79887 on 23 Apr

https://links.sgx.com/1.0.0/corporate-announcements/U1WIXIXAO55RB5ZP/885734__Jimmy%20Ng_Form%201_final.pdf
 

 

Penny Goh (indep non exe director) purchased 6000 shares at 11.79887 on 23 Apr

https://links.sgx.com/1.0.0/corporate-announcements/YIN30MJZRLUEHNNA/885719__Penny%20Goh_Form%201_final.pdf

 

Oliver blum (indep non exe director) purchased 4000 shares at 11.79887 on 23 Apr

https://links.sgx.com/1.0.0/corporate-announcements/KTWLRVBDXCS0VG9Q/885722__Olivier%20Blum_Form%201_final.pdf

 

Shirish Moreshwar Apt (another non-exec indep director) purchased 7000 shares at  $11.79887 on 23 Apr

https://links.sgx.com/1.0.0/corporate-announcements/KJLCWVTY9GUKHER6/885708__Shirish%20Apte_Form%201_final.pdf

JurongW      ( Date: 24-Apr-2026 18:19) Posted: Tham Say Choy (Independent Executive Director) purchased 6000 shares at $11.79887 on 23 Apr using part of his Director' s remuneration as well https://links.sgx.com/1.0.0/corporate-announcements/G2FWBQIAS4RJTRQ4/885711__Tham%20Sai%20Choy_Form%201_final.pdf JurongW      ( Date: 24-Apr-2026 18:11) Posted: P Gupta purchased 2000 shares at $11.79887 on 23 Apr by using part of his Director' s remuneraion for FY25. https://links.sgx.com/1.0.0/corporate-announcements/FD2L7RVBVQNVRWPY/885701__Piyush%20Gupta_Form%201_final.pdf

 

Tham Say Choy (Independent Executive Director) purchased 6000 shares at $11.79887 on 23 Apr using part of his Director' s remuneration as well

https://links.sgx.com/1.0.0/corporate-announcements/G2FWBQIAS4RJTRQ4/885711__Tham%20Sai%20Choy_Form%201_final.pdf

JurongW      ( Date: 24-Apr-2026 18:11) Posted: P Gupta purchased 2000 shares at $11.79887 on 23 Apr by using part of his Director' s remuneraion for FY25. https://links.sgx.com/1.0.0/corporate-announcements/FD2L7RVBVQNVRWPY/885701__Piyush%20Gupta_Form%201_final.pdf

 

P Gupta purchased 2000 shares at $11.79887 on 23 Apr by using part of his Director' s remuneraion for FY25.

https://links.sgx.com/1.0.0/corporate-announcements/FD2L7RVBVQNVRWPY/885701__Piyush%20Gupta_Form%201_final.pdf

 

CGSI target price maintain at $13.52
https://rfs.cgsi.com/api/download?file=a86a98b4-b4cf-45fd-b32c-47c7316b596e

 

Keppel Q1 net profit dips on lower real estate contribution Iran war yet to impact group

Recurring income improves year on year, on the back of higher income from operations and stable profits from asset management

[SINGAPORE] Keppel reported a slightly lower year-on-year net profit for the first quarter ended March, as lower real estate contributions offset higher earnings from its infrastructure and connectivity segments. This excluded the company&rsquo s &ldquo non-core portfolio for divestment and discontinued operations&rdquo .

Including the non-core portfolio&rsquo s performance, overall net profit was also lower, due to fair value losses and lower monetisation gains from its non-core assets.

Asset monetisation year to date in 2026 totalled S$385 million, including the sale of i12 Katong mall announced on Wednesday. Keppel said it is engaging potential buyers for its assets, targeting S$2 billion to S$3 billion in non-core asset sales for the full year.

Previously, Keppel also sold its entire 5 per cent stake in Seatrium, realising a total value of S$430 million in cash based on a weighted average price of S$2.52 per share.

Recurring income improved year on year, supported by higher income from operations and stable net profit from asset management.

Asset management fees increased 13 per cent year on year to S$108 million in Q1 2026. The company added about S$400 million in new funds under management during the quarter and is currently finalising another S$2 billion of investor commitments over the next few months.

In its infrastructure segment, the decarbonisation and sustainability solutions business saw long-term contracts expand to S$7.6 billion as at end-March. It secured long-term contract wins of over S$700 million in the quarter.

The company also reported that its 600-megawatt hydrogen-compatible Keppel Sakra Cogen Plant has completed high-load commissioning and is on track to be ready for generation in the first half of 2026.

In connectivity, Keppel commenced construction of its floating data centre project and will begin construction of Keppel DC SGP 9 in mid-2026. The company is also in advanced discussions with potential customers for its remaining two fibre pairs in the Bifrost Cable System, targeting to sign contracts in the first half of the year.

Limited Middle East exposure

Facing international geopolitical volatility, the company remained cautiously optimistic.

&ldquo Keppel has limited direct exposure to the Middle East, and we have not seen any notable impact on the company thus far,&rdquo said Loh Chin Hua, Keppel&rsquo s CEO.

&ldquo That said, if there is a prolonged disruption to gas supply and an energy crunch, this could have broader impacts on energy security and the macroeconomic environment, which may in turn affect Keppel, including on fundraising and asset monetisation.&rdquo

The company had earlier warned of such significant &ldquo second-order&rdquo effects on global energy prices and the international economy on Apr 13.

Still, Loh noted that the company&rsquo s integrated power business has been resilient, supported by diversified gas supplies and various mechanisms to shield against fuel cost fluctuations.

Stronger financial position

Loh noted that Keppel&rsquo s financial position has improved, with a strong free cash inflow in Q1 2026 compared with an outflow in Q1 2025.

This inflow stemmed from both operating and investing activities, which included higher distributions from sponsor stakes in, and co-investments with, Keppel&rsquo s real estate  investment trusts and private funds.

Shares of Keppel closed 0.3 per cent or S$0.04 higher at S$12.03 on Wednesday.

 

https://links.sgx.com/1.0.0/corporate-announcements/YZW3LQ49MIHZ9SDN/885482_TRSCR_Keppel%201Q2026%20Business%20Update_Transcript%20of%20Question%20Answer%20Session.pdf

 

Before sharebuyback stop at 7th April, it stabilize at the range of 11.82 range
How much SBB left? isit around 250million SGD sharebuyback till the next announcement at July 2026?
Wait for next catalyst at M1 Long Stop Date- 21th May.

Is just first quarter result with Chinese new years period, basically 2 weeks gone and a shorter month at Feb. 

With monetarization at different quarter, the result willl definitely fluctuate on different quarter year to year.(take for example, next year might not have M1 equivalent deal at 2nd quarter but might be at 4th Quarter).

JurongW      ( Date: 23-Apr-2026 19:08) Posted: SBB today - 400,000 shares bought at 11.55 to 11.72 ($4,668,174)

 

SBB today - 400,000 shares bought at 11.55 to 11.72 ($4,668,174)

 

Market reacted negatively to the lower profit YOY.  Share price has now dropped below the triangle.Here' s the revised chart
Let' s see if S2 or 150EMA can provide stronger support if keppel continues dropping.

 

Thank you Sir, I make it to 36000 now.🙏

newbie19      ( Date: 23-Apr-2026 11:05) Posted: Just keep the odd lots of 66 K reits. Brokerage fees will cost you minimum of $25. Not worth it. The other options is to buy some shares today or tomorrow to make to round up the figures. Good luck bro. newbie2019      ( Date: 23-Apr-2026 10:43) Posted: It says for every 9 Keppel shares, you will get 1 K-Reit. So for 33 lots, ie 3300 shares. You have remaining 6 Keppel shares which do not fulfill the requirement (of having 9 shares). So these remaining 6 Keppel shares will not be entitled for the dividend in-specie. In short, you will get 366 K-Reit shares. This is still an odd lot because you need to think of ways to sell the 66 K-Reits in the market. Hope it helps. Cheers

 

The first 3 months were not quite in line with expectations, and with the  upcoming ex-dividend (XD)  next week, there may be some  pre-selling pressure  ahead of it.

That said, most of the positive catalysts seem to be  backloaded into Q2, including:

• Seatrium divestment    Keppel has sold its entire 5% stake in Seatrium as  at April  1, realising a total value of $430 million in cash, based on a weighted average price of $2.52 per share, and $1 million in dividends received from Seatrium in 2025.
• i12 Katong  targeted in Q2
• M1 deal  long-stop date on 21 May
• Bifrost cable balance agreement for the 2 cable  expected in Q2

On the  AUM business, it is quite impressive. Personally, I feel there could be merit in  bringing forward the Aermont deal, although it appears management is taking a more  gradual monetisation approach, likely aligned with their longer-term strategy.

From Keppel&rsquo s perspective, this approach may still be favorable, as it allows them to  leverage balance sheet flexibility for share buybacks, 

geographic      ( Date: 23-Apr-2026 12:57) Posted: I thought it was XD today when I saw the sharp drop in price.

 

I thought it was XD today when I saw the sharp drop in price. 

 

Keppel to divest i12 Katong for $372 mil

Keppel Limited has agreed to divest its stake in suburban retail mall i12 Katong to Altallo Holdings for a cash consideration of $372.03 million.

The five-storey mall, deemed by the group as a non-core asset, is located at 112 East Coast Road and has a net lettable area of 211,950 sq ft, which includes three basement levels. As at Jan 31, the mall has a committed occupancy of about 96%. Its tenants include CS Fresh, Golden Village, Core Collective and SG Hawker.

Under the conditional agreement, Keppel is divesting 100% of its shares in PRE 1 Investments, which holds the property indirectly through Katong Retail Trust. Altallo Holdings will pay the sum over three tranches. This comprises $0.03 million for the sale shares and $372 million for the repayment of a loan extended to Katong Retail Trust by another Keppel subsidiary.

The consideration for the shares factored in the adjusted net asset value of the sale shares, based on the attributable agreed value of i12 Katong of $26,000 as at Dec 31, 2025.

&ldquo We are pleased to announce the divestment of i12 Katong following a competitive bidding process,&rdquo says Lee Kok Chew, head of Keppel&rsquo s accelerating monetisation task force.

&ldquo When completed, the transaction will unlock substantial cash that can be reinvested to higher-return opportunities aligned with the New Keppel, while allowing us to reduce debt and also reward our shareholders,&rdquo he adds.

Including this transaction, Keppel has announced about $14.9 billion in total asset monetisation since it embarked on its asset monetisation programme in October 2020.

The sale is expected to be completed in 2Q2026.

Keppel' s shares traded 6 cents higher or 0.5% higher at $12.05 as of the mid-day break on April 22.

 

Bro you have quite alot of Keppel Shares.. 👍 🏻 👍 🏻 好 。

Newbie2025      ( Date: 23-Apr-2026 11:09) Posted: I see, thank you sir. I mean i hv 33lot, my 1 lot is 1000..😀 Now 1 lot definition is 100.. newbie19      ( Date: 23-Apr-2026 11:05) Posted: Just keep the odd lots of 66 K reits. Brokerage fees will cost you minimum of $25. Not worth it. The other options is to buy some shares today or tomorrow to make to round up the figures. Good luck bro

 

So either you buy 300 more Keppel shares, or sell 600 Keppel shares by tomorrow.

Looking at today' s market, just hoot another 300 shares ba.

Newbie2025      ( Date: 23-Apr-2026 11:09) Posted: I see, thank you sir. I mean i hv 33lot, my 1 lot is 1000..😀 Now 1 lot definition is 100.. newbie19      ( Date: 23-Apr-2026 11:05) Posted: Just keep the odd lots of 66 K reits. Brokerage fees will cost you minimum of $25. Not worth it. The other options is to buy some shares today or tomorrow to make to round up the figures. Good luck bro

 

June and July , SGX might be shifting to 1 lot is 10 share. 

So if your figure is to the nearest Ten

Newbie2025      ( Date: 23-Apr-2026 11:09) Posted: I see, thank you sir. I mean i hv 33lot, my 1 lot is 1000..😀 Now 1 lot definition is 100.. newbie19      ( Date: 23-Apr-2026 11:05) Posted: Just keep the odd lots of 66 K reits. Brokerage fees will cost you minimum of $25. Not worth it. The other options is to buy some shares today or tomorrow to make to round up the figures. Good luck bro