TODAYonline | Business | Business in Brief | Keppel Land China secures 7.2 hectare site in Shanghai for S$241 million
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This is an informative site about stocks under the Keppel Family, which includes Keppel Corp, Keppel Land, K-Reit Asia, and K-Green Trust. Includes financial news, analyst stock target price, stock movement, and more about the Keppel family.
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Showing posts with label Keppel Land. Show all posts
Showing posts with label Keppel Land. Show all posts
Friday, June 10, 2011
Monday, April 25, 2011
Keppel Land Updated Target Price following Q1 2011 result release
Keppel Land Updated Target Price following Q1 2011 result release:
Brokerage | Recommendation | Target Price (S$) | Date of Recommendation |
CIMB | OUTPERFORM | 5.29 | 20/04/11 |
KIM ENG | BUY | 5.90 | 20/04/11 |
DBS | BUY | 5.10 | 20/04/11 |
OCBC | BUY | 5.09 | 20/04/11 |
Phillips | HOLD | 4.92 | 21/04/11 |
Latest updates at Stock Target Price.
Wednesday, April 20, 2011
Kepland Q1 2011 Quarterly Earnings Report
Kepland Q1 2011 Quarterly Earnings Report:
Key Points
Key Points
- Net profit grew 45.5% to $92.1 million on higher profit from property trading and K-REIT Asia as well as a gain from divestment of Keppel Digihub.
- Property trading achieved higher net profit of $51.6 million contributed by sales from Singapore residential projects and Elita Promenade in Bangalore.
- Keppel Land acquired a residential site in Sengkang while Alpha jointly acquired Capital Square and K-REIT Asia increased its stake in Prudential Tower from 73% to 93%.
Thursday, March 31, 2011
Date of Result Release for Q1 2011 for K-Reit, K-Green, Kepland, Keppel Corp
Updated date of Result Release for Q1 2011:
Latest Update at Results Release.
Company | Date of Result Release |
K-Green | 14/04/11 |
K-Reit | 14/04/11 |
Keppel Land | 19/04/11 |
Keppel Corp | 20/04/11 |
Latest Update at Results Release.
Tuesday, January 25, 2011
Kepland Q4 2010 Quarterly Earnings Report
Kepland Q4 2010 Quarterly Earnings Report:
Key Points
Key Points
- Net profit grew 273% to $1,045.8 million mainly from the divestment of one‐third stake in MBFC Phase 1.
- Core businesses recorded stronger earnings from better home sales in Singapore and China, larger profit contribution from K‐REIT Asia and higher fee income.
- Distribution of 18 cents per share, including a special dividend of nine cents per share proposed.
- The proposed final dividend, if approved at the Annual General Meeting to be held on 21 April 2011, is expected to be paid on or about 20 June 2011.
- Book closure for the distribution is on 28 Apr 2011.
Tuesday, January 4, 2011
Date of Result Release for Q4 2010 for K-Reit, K-Green, Kepland, Keppel Corp
Updated date of Result Release for Q4 2010:
Latest Update at Results Release.
Company | Date of Result Release |
K-Green | 18/01/11 |
K-Reit | 20/01/11 |
Keppel Land | 24/01/11 |
Keppel Corp | 25/01/11 |
Latest Update at Results Release.
Friday, December 31, 2010
Keppel Land China expands portfolio with maiden site in Nantong
Keppel Land China expands portfolio with maiden site in Nantong:
Key Points
Key Points
- Keppel Land China, through its wholly-owned Singapore subsidiary, Merryfield Investment Pte Ltd, has secured a 17.2 hectare site within the main city of Nantong, Jiangsu province, for RMB 1.04 billion (S$ 202 million) for a lakefront residential development.
- Keppel Land China’s maiden property development in Nantong is located in the established town centre of the state-level Nantong Economic & Technological Development Area (NETDA), now home to 50 of the Fortune 500 enterprises.
- The exclusive low-density residential development will comprise about 1,000 homes, ranging from villas, terraces, duplexes to high-rise apartments supported by complementary lifestyle commercial facilities. Targeted at the high income segment, the first phase is expected to be launched in the first half of 2012.
Thursday, December 16, 2010
Kepland completes divestment of one-third interest in MBFC Towers 1 & 2 and Marina Bay Link Mall - 15 DEC 2010
Completion of
(i) divestment of one-third interest in Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall; and
(ii) acquisition of Keppel Towers and GE Tower
Key Points
(i) divestment of one-third interest in Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall; and
(ii) acquisition of Keppel Towers and GE Tower
Key Points
- Keppel Land has completed divestment of the one-third interest in the MBFC 1 Property to K-REIT Asia, and the acquisition of the KTGE Property from K-REIT Asia on 15 DEC 2010.
- The net proceeds received by Keppel Land from the Transactions was about S$826 million.
Wednesday, December 15, 2010
Kepland acquires an additional stake in Jiangyin Evergro Properties Co., Ltd
Kepland acquires an additional stake in Jiangyin Evergro Properties Co., Ltd:
Key Points
Key Points
- Keppel Land's indirect subsidiary, Shanghai Merryfield Land Co Ltd, has bought an additional 16.5 per cent stake in Jiangyin Evergro Properties Co Ltd (JEP).
- JEP owns the right to develop a residential and commercial mixed use site located in Cheng Jiang District in Jiangyin, China.
- With this acquisition, Keppel Land's aggregate effective interest has increased from 82.9% to 99.4%.
- The stake was bought from Jiangyin Evergro's shareholder, Jiangyin City Development Ltd, for RMB 36.9 million.
Tuesday, December 7, 2010
Keppel Land Divestment of MBFC phase 1 confirmed as capital gain and not taxable - 6 DEC 2010
Update on proposed divestment of a one-third stake in MBFC phase 1 and proposed acquisition of KTGE.
Key Points
Key Points
- Inland Revenue Authority of Singapore has confirmed that the gains from the proposed divestment of MBFC 1 is capital in nature and hence not subjected to tax.
- The group would expect to realise a net gain of S$394 million from the MBFC 1 Transaction as compared to S$321 that the company had announced last month.
Tuesday, November 23, 2010
Friday, November 19, 2010
Proposed issue of S$500 million 1.875% convertible bonds due 2015 - 19 NOV 2010
Proposed issue of S$500 million 1.875% convertible bonds due 2015. See press release.
Key Points
Key Points
- Proposed issue of an aggregate principal amount of S$500 million 1.875 per cent Convertible bonds due 2015, which are convertible into fully paid-up new ordinary shares in the capital of the Company.
Monday, November 15, 2010
Keppel Land initiates special preview to meet demand for Lakeside homes - 12 NOV 2010
Keppel Land initiates special preview to meet demand for Lakeside homes. See Press Release.
Key Points
Key Points
- Keppel Land initiated a special preview for its latest residential development, The Lakefront Residences (湖畔雅居) which met with positive response.
- Positive take-up of about 250 units at an average price of approximately $1,020 psf.
- When completed in end-2013, The Lakefront Residences will comprise a total of 629 homes, ranging from 1-to 4-bedroom and penthouse units.
Tuesday, November 9, 2010
Keppel Land to issue S$500 million convertible bond - 9 NOV 2010
Keppel Land to issue S$500 million convertible bond.
Key Points
Key Points
- The Singapore-dollar denominated bonds will bear interest at the rate of 1.875% per annum, payable semi-annually in arrears.
- The initial conversion price has been set at a 33% premium over the closing price of S$5.05 per Keppel Land share on 8 November 2010.
- The convertible bonds, which have a term of 5 years, will be convertible into new Keppel Land ordinary shares at an initial conversion price of S$6.72 per new share.
- Upon full conversion of the bonds, a total of 74,404,761 new Keppel Land ordinary shares will be issued, representing 5.13% of Keppel Land’s existing issued and paid-up share capital as at 8 November 2010.
- Keppel Land intends to use the net proceeds of approximately S$493 million in the following manner:
- approximately 80% to 100% to finance potential acquisition opportunities which the Company may pursue in the future as part of its strategic objectives and/or to refinance existing debts; and
- approximately 0% to 20% for general corporate and working capital purposes.
Keppel Land acquires an additional 11.85% stake in Ocean Properties Pte. Limited - 8 NOV 2010
Keppel Land acquires an additional 11.85% stake in Ocean Properties Pte. Limited.
Key Points
- Keppel Land's wholly-owned subsidiary, Straits Property Investments Pte Ltd, has acquired an additional 11.85% stake in Ocean Properties Pte. Limited (“OPPL”), from an existing shareholder of OPPL, namely The Hongkong and Shanghai Banking Corporation Limited.
- Prior to the Acquisition, the Company held a 75.66% stake in OPPL.
- OPPL, a company incorporated in Singapore, is the developer and owner of Ocean Financial Centre.
Monday, November 1, 2010
Keppel's eco homes in Tianjin Eco-City draw strong buyer interest - 1 NOV 2010
Keppel's eco homes in Tianjin Eco-City draw strong buyer interest. Press release.
Key Points
Key Points
- Sold more than 90% of the 220 units released for during the soft launch of its Seasons Park residential development in the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City).
- Seasons Park, comprising a total of 1,672 residences, is the first collection of eco-homes to be launched in the Keppel development where Keppel Corporation and Keppel Land have interests of 45% and 55% respectively.
- Keppel Land is also the project manager for the Keppel development.
Friday, October 29, 2010
Kepland Updated Target Price following announcement of new projects in Vietnam
Kepland Updated Target Price following announcement of new projects in Vietnam:
Latest updates at Stock Target Price.
Related Posts
Keppel Land secures two prime sites for villa development in Ho Chi Minh City - 28 OCT 2010
DBS | BUY | S$4.91 | 28/10/10 |
DMG | BUY | S$5.00 | 29/10/10 |
Latest updates at Stock Target Price.
Related Posts
Keppel Land secures two prime sites for villa development in Ho Chi Minh City - 28 OCT 2010
Keppel Land secures two prime sites for villa development in Ho Chi Minh City - 28 OCT 2010
Keppel Land secures two prime sites for villa development in Ho Chi Minh City. See press release.
Key Points
Key Points
- Keppel Land Limited (Keppel Land) has entered into joint ventures (JV) with well-known local property developers, Tien Phuoc Company Limited (Tien Phuoc) and Hung Phu Real Estate Corporation (Hung Phu), to develop two prime sites in Ho Chi Minh City (HCMC), Vietnam.
- The first agreement seals the collaboration between Keppel Land, through wholly-owned subsidiary, Antiaris Pte. Ltd. (Antiaris), and Tien Phuoc for the development of a 13.5-ha waterfront site in HCMC.
- Comprising 225 villas, the gated development with 24-hour security will feature recreational facilities such as a club house, a gymnasium, a swimming pool, a tennis court and a children’s playground.
- This will be Keppel Land’s fourth partnership with Tien Phuoc. Both Antiaris and Tien Phuoc will take equal stakes of the total development cost (TDC) of about US$115 million.
- The second agreement between Keppel Land, through Belwynn Pte. Ltd. (Belwynn), and Hung Phu is for the development of a 9.8-ha site into a gated villa development along Rach Chiec River.
- The proposed development, located just 500 metres from Riviera Cove, Keppel Land’s second deluxe villa residential development in HCMC, is envisioned to provide about 150 premier homes.
- Under the arrangement, Belwynn will take up 60% stake of the US$65 million TDC while Hung Phu will subscribe for the remaining interest.
- This is Keppel Land’s second collaboration with Hung Phu.
- Upon the issuance of the investment certificates and relevant government approvals, both villa developments are expected to launch their first phases in fourth quarter of 2011.
Thursday, October 21, 2010
Kepland - Updated Target Price following Q3 2010 result release
Kepland Updated Target Price following Q3 2010 result release:
Latest updates at Stock Target Price.
Related Posts
Kepland Q3 2010 Quarterly Earnings Report
DMG | BUY | S$5.00 | 20/10/10 |
DBS | BUY | S$4.89 | 21/10/10 |
CIMB | OUTPERFORM | S$5.13 | 21/10/10 |
KIM ENG | BUY | S$5.60 | 21/10/10 |
Latest updates at Stock Target Price.
Related Posts
Kepland Q3 2010 Quarterly Earnings Report
Kepland Q3 2010 Quarterly Earnings Report
Kepland Q3 2010 Quarterly Earnings Report:
Key Points
Key Points
- Net profit for the nine months ending Sept 30 increased by 18% yoy to $204.8 million.
- Sold 170 homes in Singapore and 3,200 homes overseas, mostly China.
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