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SGX:BN4

44 stories mentioning SGX:BN4Updated 12h ago

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Asia

Keppel's H1 Attributable Profit Drops 59%

Keppel's (SGX:BN4) net profit attributable to shareholders fell 59% to SG$155 million for the six months ended June 30 from SG$378 million a year ago, according to a Wednesday filing to the Singapore Exchange.Shares of the global asset manager were down nearly 1% in Thursday's trade.Earnings per share declined to SG$0.085 from SG$0.206 a year earlier.Revenue in H1, however, increased 25% year-on-year to SG$3.81 billion from SG$3.06 billion.The company declared an interim cash dividend of SG$0.15 per share, unchanged from a year ago, to be paid to shareholders on Aug. 21.

SGX:BN4
Asia Markets

Singapore Shares Fall Over AI Investments Sustainability

Singapore shares fell on Tuesday, tracking broader regional losses as investors mirrored concerns over the sustainability of AI investments amid intense Chinese competition.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,577.43 and 5,625.27 throughout the day. It ended the session at 5,616.11, down 4.13 points or 0.1% compared to Monday's close.On the corporate front, shares of Keppel (SGX:BN4) closed nearly 3% higher as it surpassed its end-2026 interim target of SG$100 billion in funds under management after adding about SG$13.5 billion across its private infrastructure, real estate and connectivity funds year to date.OKP Holdings' (SGX:5CF) shares closed nearly 1% lower as its wholly-owned subsidiary, OKP Land, has incorporated a joint venture company, RPC One, with Hwa Seng Investment.Meanwhile, shares of CapitaLand Ascott Trust (SGX:HMN) were down nearly 1% at the close as it reported an 11% increase in first-half income available for distribution to SG$107 million.

^STISGX:5CFSGX:BN4SGX:HMN
Asia

Keppel Tops End-2026 Interim Target of SG$100 Billion in Funds Under Management

Keppel (SGX:BN4) surpassed its end-2026 interim target of SG$100 billion in funds under management after adding about SG$13.5 billion across its private infrastructure, real estate and connectivity funds year to date.The increase was supported by SG$7.8 billion in new capital commitments from global limited partners across several funds and investment mandates, according to a Tuesday Singapore Exchange filing.Keppel said its private infrastructure strategies have also secured SG$7.7 billion of equity commitments, supporting an acquisition pipeline exceeding SG$22 billion.The company said the developments are not expected to have a material impact on its earnings per share or net tangible assets per share for the current financial year.

SGX:BN4
Apollo Global Commits $1.5 Billion to Keppel's Offshore Energy Fund
US Markets

Apollo Global Commits $1.5 Billion to Keppel's Offshore Energy Fund

Apollo Global Management has agreed to invest $1.5 billion into a new private fund, Keppel Offshore Fund, as part of Keppel's (SGX:BN4) program to monetize up to 10 legacy rigs, according to company filings on Monday.Keppel plans to progressively divest 10 oil rigs held by its indirect subsidiary, RigCo Holding, for about SG$3.7 billion. The Singapore-based global asset manager said the transaction will help monetize non-core assets, unlock capital for reinvestment, and reward shareholders.Under the first phase, Keppel will divest six operational rigs to the new fund this year for roughly SG$1.2 billion, receiving about $478 million in cash consideration. Keppel will fulfill its 50% contribution to the fund via an in-kind transfer.Keppel also intends to divest four additional uncompleted rigs to the fund between 2027 and 2028, with construction funded using cash retained within RigCo.The initial phase is expected to add about SG$3.9 billion to Keppel's funds under management.Additionally, Keppel announced it will record an accounting loss of approximately SG$92 million from the divestment of the first six rigs in its first-half 2026 financial results, which are scheduled to be announced at the end of the month."This transaction ... establishes a clear pathway for the progressive monetization of the legacy rigs," Keppel CEO Loh Chin Hua said."By repositioning the six operational rigs and potentially another four rigs, within Keppel's fund management platform, we are expanding our FUM and will earn recurring management fees."Apollo partner Jamshid Ehsani described the deal as "one of the first transactions of its kind in Southeast Asia.""[T]his partnership with Keppel demonstrates growing global demand among leading companies for high-grade capital solutions that advance strategic objectives," Ehsani said.Keppel's shares rose 2.4% in late-morning trade in Singapore on Tuesday.

SGX:BN4
Asia

Apollo Global to Invest $1.5 Billion in Keppel's New Offshore Energy Fund

Apollo Global Management has agreed to invest $1.5 billion into a new private fund, Keppel Offshore Fund, as part of Keppel's (SGX:BN4) program to monetize up to 10 legacy rigs, according to company filings on Monday.Keppel plans to ​divest 10 oil rigs held by its indirect subsidiary, Rigco Holding, for around SG$3.7 billion, the Singapore-based global asset manager said.Keppel aims to divest six rigs to the new Keppel Offshore Fund (KOF) this year for around SG$1.2 billion, for which it will receive a cash consideration of about $478 million. It will make 50% of the contribution to the new private fund through an indirect unit.The transfer is expected to add about SG$3.9 billion to ​Keppel's funds under ​management.The fund manager also plans to divest four additional rigs, which are in various stages of completion, to the new fund from 2027 to 2028. The transaction is ​expected ⁠to generate $988 million in cash proceeds for Keppel.Keppel noted it will recognize an accounting loss of around SG$92 million from the six operational rigs being divested to KOF in its H1 2026 results.

SGX:BN4
Asia

Keppel Liquidates Subsidiary

Keppel (SGX:BN4) placed subsidiary, Adfact, under members' voluntary liquidation, according to a Friday filing with the Singapore Exchange.Shares of the company were down over 1% in Monday trading.

SGX:BN4
Asia

Keppel Secures Usage Rights for Final Bifrost Fiber Pair

Keppel (SGX:BN4) signed an indefeasible right of use agreement with an unnamed global hyperscaler for the last remaining pair on its Bifrost subsea cable system, according to a Monday filing with the Singapore Exchange.Following the agreement, all of the five fiber pairs in the company's Bifrost portfolio are committed, with an estimated total contract value of around $1.3 billion.The contracts include stable recurring income from operations and maintenance over 25 years.

SGX:BN4
Asia

Singapore Shares Rise as US-Iran Agree to Halt Attacks

Singapore shares closed in green on Monday as investor sentiment improved following the US and Iran decision to hold back on their attacks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,177.84 and 5,209.80 throughout the day. It ended the session at 5,208.75, up 17.02 points or 0.3% compared to Friday's close.In economic news, factory-gate prices in Singapore rose in May, with the Domestic Supply Price Index edging up 34.2% year over year, while the Singapore Manufactured Products Price Index grew 30.8%, according to the Singapore Department of Statistics.On the corporate front, shares of Metech International (SGX:V3M) surged over 9% at the close as it signed two separate subscription agreements to raise over SG$4 million via the subscription of 100 million shares at SG$0.040 per share.XMH Holdings (SGX:BQF) closed nearly 6% higher as it revealed plans for a share split of one-to-four based on a weighted average price per share of SG$2.2709.Meanwhile, shares of Keppel (SGX:BN4) were up under 1% at the close as its land dispute in Jakarta was escalated to the Supreme Court of Indonesia after the claimant, Trumpal Hutabarat, filed a cassation appeal, following the South Jakarta District Court's earlier ruling that made his lawsuit over the land underlying IFC Jakarta Tower 2 inadmissible.

^STISGX:BN4SGX:BQFSGX:V3M
Asia

Keppel's Land Dispute Escalates to Indonesian Supreme Court

Keppel's (SGX:BN4) land dispute in Jakarta was escalated to the Supreme Court of Indonesia after the claimant, Trumpal Hutabarat, filed a cassation appeal, following the South Jakarta District Court's earlier ruling that made his lawsuit over the land underlying IFC Jakarta Tower 2 inadmissible.The claimant's ownership claim based on a 1954 "girik" document was not recognized as proof of land ownership under Indonesia, Agrarian Law.The claimant had initially claimed potential compensation of around 2.28 billion Indonesian rupiah.The company's subsidiary, PT Kepland Investama, has held land certificates for the plot since December 2000, which the court deemed to be the strongest proof of ownership under the country's Agrarian Law.Meanwhile, the company does not expect the cassation to impact its operations or financial performance, according to a Saturday filing with the Singapore Exchange.

SGX:BN4
Asia

Keppel Repurchases Shares Worth SG$2.3 Million

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Friday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11.2 million shares under its existing buyback mandate.

SGX:BN4
Asia

Keppel Repurchases Shares Worth SG$2.3 Million

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11 million shares under its existing buyback mandate.

SGX:BN4
Asia

Correction: Singapore Shares Closed Wednesday in the Green Ahead of the US Federal Reserve Policy Decision

(Corrects the highest and lowest ranges of the STI Index since the indices reported global interruption, which impacted the accuracy from their service provider)Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,140.77 and 5,194.908 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.

^STISGX:BN4SGX:F9DSGX:QZG
Asia

Singapore Shares Stay in Green as US Federal Reserve Policy Decision Nears

Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,120.18 and 5,196.96 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.

^STISGX:BN4SGX:F9DSGX:QZG
Asia

Keppel Secures Fourth Bifrost Fiber Pair Agreement with Global Tech Firm

Keppel (SGX:BN4) signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system, according to a Wednesday filing with the Singapore Exchange.The subsea cable system, which will link Singapore to the US west coast via Indonesia, spans over 20,000 kilometers and offers round-trip latency under 165 milliseconds, faster than existing systems.Keppel holds its investment in the fiber pairs through a 40-60 joint venture with private fund co-investors. It expects an internal rate of return of around 30% for the overall project.Meanwhile, Keppel is in discussions to sign a similar agreement for its fifth and final Bifrost fiber pair.Shares of the infrastructure company were up nearly 2% in Wednesday trading.

SGX:BN4
Asia

Keppel Infrastructure Trust Secures Key Regulatory Approval for Stake Acquisition

Keppel Infrastructure Trust (SGX:A7RU) secured regulatory approval from the Energy Market Authority of Singapore for the acquisition of an additional 39% stake in Keppel Merlimau Cogen, according to a Monday filing with the Singapore Exchange.Keppel Merlimau operates a 600MW combined cycle gas turbine power plant on Jurong Island.Earlier, the trust had agreed to acquire the stake from Keppel (SGX:BN4) for about SG$128.1 million.

SGX:A7RUSGX:BN4
Asia

Keppel Completes Issuance of SG$325 Million Worth of Bonds

Keppel (SGX:BN4) completed the issuance of SG$325 million worth of 3.30% subordinated perpetual bonds, according to a Thursday filing with the Singapore Exchange.The bonds fall under the global asset manager's $5 billion multi-currency debt issuance program.The bonds are expected to be listed and quoted on June 12, the filing said.

SGX:BN4
Asia

Keppel Repurchases Shares Worth SG$2.1 Million

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for over SG$2.1 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 10 million shares under its existing buyback mandate.

SGX:BN4
Asia

Keppel Repurchases Shares Worth SG$4.2 Million

Keppel (SGX:BN4) bought back 400,000 shares in the open market on Tuesday for nearly SG$4.2 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased nearly 9.8 million shares under its existing buyback mandate.

SGX:BN4
Asia

Keppel Prices SG$325 Million Subordinated Perpetual Securities

Keppel (SGX:BN4) has priced SG$325 million of fixed-rate subordinated perpetual securities at 3.30% under its $5 billion multi-currency debt issuance program, according to a Thursday filing to the Singapore bourse.The global asset manager and operator has appointed DBS Bank, Oversea-Chinese Banking Corporation (SGX:O39), and United Overseas Bank (SGX:U11) as joint bookrunners and lead managers for the issue.Keppel plans to use the proceeds from the issue to fund general corporate needs and refinance existing perpetual debt.The Series 018 Securities will be issued in the denomination of SG$250,000 and will be perpetual, with no fixed redemption date. They are expected to be issued on or around June 11.The company will have the option to redeem the Series 018 Securities in whole, but not in part, at 100% of their principal amount, together with the distribution accrued on June 11, 2029.Keppel plans to list the new Series 018 securities on the Singapore exchange for qualified institutional and accredited investors.

SGX:BN4SGX:O39SGX:U11
Asia

Keppel Liquidates Subsidiary

Keppel (SGX:BN4) completed the voluntary liquidation of wholly-owned subsidiary, Double Peak Holdings, according to a Tuesday filing with the Singapore Exchange.The company had earlier reported plans to liquidate the subsidiary in a filing from Jan. 7.

SGX:BN4

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