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Keppel Corporation Ltd (KPLM.SI)

KPLM.SI on Stock Exchange of Singapore

6.19SGD
19 Mar 2019
Change (% chg)

$0.03 (+0.49%)
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Latest Key Developments (Source: Significant Developments)

Keppel Corp Updates On Order From Awilco
Friday, 8 Mar 2019 

March 8 (Reuters) - Keppel Corporation Ltd ::KEPPEL FELS GETS ORDER WITH AWILCO DRILLING FOR CONSTRUCTION OF A MID-WATER SEMISUBMERSIBLE DRILLING RIG WORTH ABOUT US$425 MILLION.  Full Article

Keppel Corporation Announces Subscription For 30 Pct Interest In Gimi MS Corp
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Keppel Corporation Ltd ::ANNOUNCES SUBSCRIPTION FOR 30% INTEREST IN GIMI MS CORPORATION.GIMI MS TO ACQUIRE AND OWN MOSS LNG CARRIER GIMI WHICH WILL BE CONVERTED INTO AN FLNG VESSEL BY KEPPEL SHIPYARD LTD.FIRST FLNG HOLDINGS TO INVEST UP TO ESTIMATED MAXIMUM TOTAL OF $250 MILLION IN CONNECTION WITH PROJECT INCLUSIVE OF SUBSCRIPTION PRICE.UNIT THROUGH KEPPEL CAPITAL HOLDINGS ENTERED INTO SHARE SUBSCRIPTION AGREEMENT WITH GIMI MS CORP AND GOLAR LNG LTD.UNDER SAME AGREEMENT, GOLAR WILL CONCURRENTLY SUBSCRIBE FOR 70% OF TOTAL ISSUED ORDINARY SHARE CAPITAL OF GIMI MS.CONCURRENT TO ENTRY OF SSA, GIMI MS EXECUTED A 20-YEAR FLNG LEASE & OPERATE AGREEMENT WITH A UNIT OF BP P.L.C. IN RELATION TO PROJECT.GIMI MS TO UNDERTAKE DEVELOPMENT, CONSTRUCTION & OPERATION OF A FLNG FACILITY TO BE LOCATED ON MAURITANIA & SENEGAL.  Full Article

Keppel Corp Says Konnectivity Issued Offeror Shares To Keppel Konnect Pte & SPH Multimedia Private
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Keppel Corporation Ltd ::KONNECTIVITY ALLOTTED & ISSUED 497.8 MILLION OFFEROR SHARES & 124.5 MILLION OFFEROR SHARES TO KEPPEL KONNECT PTE & SPH MULTIMEDIA PRIVATE.  Full Article

Keppel Corp Says Grupo R Enters Sale And Leaseback Deal With Unit Of Keppel Offshore & Marine
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Keppel Corporation Ltd ::GRUPO R ENTERED INTO SALE AND LEASEBACK AGREEMENT WITH FELS ASSET CO PTE. LTD, UNIT OF KEPPEL OFFSHORE & MARINE LTD.FELS ASSET WILL PURCHASE RIG FROM GRUPO R FOR US$179 MILLION WHICH IS EQUIVALENT TO BALANCE CONTRACT VALUE OF RIG.CANTARELL IV WILL BE LEASED BACK TO GRUPO R ON A BAREBOAT CHARTER OVER FIVE YEARS.  Full Article

Keppel Corp says Portsville To Divest 70 Pct Interest In Dong Nai Waterfront City To Nam Long Investment Corp
Sunday, 27 Jan 2019 

Jan 28 (Reuters) - Keppel Corporation Ltd ::PORTSVILLE PTE. LTD. TO DIVEST A 70% INTEREST IN DONG NAI WATERFRONT CITY LLC TO NAM LONG INVESTMENT CORPORATION.TOTAL CONSIDERATION OF SALE STAKE IS ABOUT S$136 MILLION.FOLLOWING COMPLETION OF PROPOSED DIVESTMENT, INTEREST OF COMPANY AND KLL IN DNWC WILL DECREASE FROM 100% TO 30%.FUNDS GENERATED FROM PROPOSED DIVESTMENT TO BE USED TO PURSUE OTHER OPPORTUNITIES IN VIETNAM.  Full Article

Keppel Corp Says Cautiously Optimistic About Offshore Production Market In Near Term
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Keppel Corporation Ltd ::DESPITE RECENT VOLATILITY IN OIL PRICES, GROWING OPTIMISM IN O&M SECTOR; MORE PROJECTS SANCTIONED AT OIL PRICES BETWEEN US$55-65/BARREL.WHILE THERE ARE SIGNS OF IMPROVEMENTS IN OFFSHORE RIG SECTOR, DO NOT ENVISAGE A V-SHAPED RECOVERY.IN IMMEDIATE FUTURE, CAUTIOUSLY OPTIMISTIC ABOUT OFFSHORE PRODUCTION MARKET.SEE OPPORTUNITIES IN FPSOS, ESPECIALLY CONVERSIONS, WITH SEVERAL PROJECTS APPROACHING FINAL INVESTMENT DECISIONS (FID) IN 2019 AND 2020.IN CHINA, POSITIONING TO CAPTURE MORE OPPORTUNITIES BY SELECTIVELY EXPANDING IN HIGH-GROWTH REGIONS AND CITIES.KEPPEL SHIPYARD HAS SEEN A PICK-UP IN SHIP REPAIR WORKS, SECURED 65 OF SUCH CONTRACTS LAST YEAR FROM A VARIETY OF CUSTOMERS.DESIGN AND ENGINEERING FOR HONG KONG INTEGRATED WASTE MANAGEMENT FACILITY ON TRACK.O&M SECURED NEW CONTRACTS TOTALLING S$1.7 BILLION IN 2018.HK INTEGRATED WASTE MANAGEMENT PROJECT WILL CONTRIBUTE TO CO'S BOTTOMLINE FROM THIS YEAR.PROPERTY DIVISION RECORDED NET PROFIT OF S$938 MILLION FOR 2018, UP 44%.  Full Article

Keppel Corp Says Q4 Net Profit At S$145.3 Mln
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Keppel Corporation Ltd ::Q4 REVENUE S$ 1,677 MILLION VERSUS S$1,545 MILLION.PROPOSED FINAL CASH DIVIDEND OF 15.0 CTS/SHARE.QTRLY NET PROFIT OF S$ 145.3 MILLION VERSUS LOSS OF S$495 MILLION.KEPPEL - "NOTWITHSTANDING CHALLENGING MACRO ENVIRONMENT, URBANISATION TRENDS CONTINUE TO PRESENT MANY EXCITING LONG-TERM OPPORTUNITIES FOR KEPPEL".  Full Article

Keppel Corp Says Keppel Land China To Acquire Commercial Property In Beijing
Monday, 31 Dec 2018 

Dec 31 (Reuters) - Keppel Corporation Ltd ::KEPPEL LAND CHINA TO ACQUIRE COMMERCIAL PROPERTY IN HAIDIAN DISTRICT, BEIJING.DEAL FOR AN AGGREGATE CASH CONSIDERATION OF RMB 555 MILLION.TRANSACTION IS EXPECTED TO BE COMPLETED IN 1Q 2019.  Full Article

Keppel Corporation Secures Marine Contracts Worth Around S$300 Mln
Tuesday, 25 Dec 2018 

Dec 26 (Reuters) - Keppel Corporation Ltd ::KEPPEL SECURES MARINE CONTRACTS WORTH AROUND S$300 MILLION.GETS CONTRACTS FOR CONSTRUCTION OF ICE-CLASS LNG BUNKER VESSEL, REFURBISHMENT OF A FLOATING PRODUCTION STORAGE AND OFFLOADING VESSEL.  Full Article

Keppel Corp Says Unit To Acquire Shares In Pre 1 Investments
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Keppel Corporation Ltd ::UNIT ENTERED INTO AGREEMENT TO ACQUIRE REMAINING 35.3 MILLION ORDINARY SHARES AND 478 PREFERENCE SHARES IN PRE 1 INVESTMENTS.DEAL FOR S$56.6 MILLION.CO EXPECTS TO RECORD A LOSS OF S$16.8 MILLION FROM RE-MEASUREMENT OF ITS PREVIOUSLY HELD INTERESTS IN PRE 1 AND KRT.UNIT TO BUY SALE SHARES FROM DIVINE (AMT) LTD.  Full Article

Shareholders to delist Singapore's smallest telco M1

SINGAPORE Conglomerate Keppel Corp and Singapore Press Holdings said late Wednesday they would delist Singapore's smallest mobile operator M1 Ltd after their offer to buy control of the company closes.