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Results Release Page: Date of Release and Results links of the latest quarterly earnings report of the Keppel family.
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Financial news related to the Keppel family.
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Quarterly Earnings Report.

Monday, April 25, 2011

Keppel Corp Updated Target Price following Q1 2011 result release

Keppel Corp Updated Target Price following Q1 2011 result release:
Brokerage Recommendation Target Price (S$) Date of Recommendation
CIMB OUTPERFORM 14.70 21/04/11
DMG BUY 14.05 21/04/11
OCBC BUY 13.92 21/04/11
KIM ENG BUY 15.30 21/04/11
DBS BUY 14.90 21/04/11

Latest updates at Stock Target Price.

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.

Thursday, April 21, 2011

Keppel Corp Q1 2011 Quarterly Earnings Report

Keppel Corp Q1 2011 Quarterly Earnings Report:
Key Points
  • Net profit improved 7.8% to S$346 million, compared to 1Q 2010’s S$321 million (restated).
  • Earnings Per Share of 21.5 cents, up 7% from 1Q 2010’s 20.1 cents.
  • Annualised ROE of 19.3%.
  • Economic Value Added of S$225 million.
  • Cash outflow of S$20 million.
  • Net cash remains at 0.02x.
  • The Offshore & Marine Division has secured $4.5 billion worth of new orders in the first quarter, more than what was secured for the whole of 2010. Since then, in the first weeks of April, it has secured a few more contracts, bringing the total of new orders secured year to date to $5 billion.
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Wednesday, April 20, 2011

Kepland Q1 2011 Quarterly Earnings Report

Kepland Q1 2011 Quarterly Earnings Report:
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%.
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Monday, April 18, 2011

Keppel & Seafox Group’s MPSEP SEAFOX 5 secures first job in offshore wind market

Keppel & Seafox Group’s MPSEP SEAFOX 5 secures first job in offshore wind market:
Key Points
  • Keppel FELS Limited (Keppel FELS) is pleased to announce that a contract from the joint-venture Aarsleff Bilfinger Berger (ABJV) Dan Tysk, worth in excess of EUR 35 million, has been secured for SEAFOX 5, the KFELS Multi-Purpose Self-Elevating Platform (MPSEP) wind turbine installation vessel owned and managed with the Seafox Group. The customer ABJV DanTysk has an option to extend the charter by an additional 90 days.
  • Keppel FELS is on track to complete the construction of SEAFOX 5 in the second half of 2012. When delivered, the vessel will be used for installing offshore wind foundations in the 288 megawatt (MW) DanTysk windfarm, developed by Europe’s leading energy company Vattenfall and Stadtwerke München, in the German sector of the North Sea. 
  • A 75/25 joint venture (JV) company was formed between Keppel FELS and Seafox respectively, to build and own SEAFOX 5.
About ABJV DanTysk
ABJV DanTysk is a joint venture between Bilfinger Berger Ingenieurbau GmbH, Germany, and Per Aarsleff A/S, Denmark, both companies working as international contractors in major infrastructure projects In this long lasting cooperation ABJV has been awarded with more than 630 offshore wind turbine foundations and is the market leader for offshore foundations in Europe.

About Seafox Group
Founded in 1991, the Seafox Group is a leading provider of offshore accommodation and multi-support service jack ups across the world. The Seafox Group services a global range of customers with a primary focus on the Southern North Sea in Europe. It has extensive experience operating and managing assets in this region, which is known for its stringent rules and regulations, and difficult environment. Currently, the Group owns five jack-ups and 50 temporary living quarters. With the exception of the Seafox 3, all jack-ups are time chartered out on full service contracts to respectable customers (e.g. Shell, Total, ConocoPhillips etc.) in the Southern North Sea on short and long term bases.
The Seafox Group’s operational activities are fully outsourced to Workfox B.V./Ltd situated in Hoofddorp NL and Great Yarmouth UK. Workfox BV/Ltd is the leading operator of multi-support service jack-ups in the Southern North Sea and has been the exclusive manager of the Seafox fleet since the early 90’s.
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