- Through Keppel Infrastructure and Keppel Asia Infrastructure Fund, Keppel Corporation (SGX:BN4) plans to acquire an 80% stake in 800 Super Holdings Ltd. William Lee, co-founder and current CEO of 800 Super, will hold the remaining 20% stake. Kohlberg Kravis Roberts will no longer be an investor.
Why Keppel buy 800 Super - a waste collection company?
- - Read this at SGinvestors.io -
- We think Keppel Corp bought 800 Super for its recurring income as the public sector waste contracts with the Singapore government range 1-3 years. The Tuas biomass co-generation plant gels with Keppel Corp’s strategy in environment and new energy businesses in KI, as well as the recent joint acquisition of Eco Management in South Korea which operates 6 waste-to-energy plants, 5 sludge drying facilities and the third largest incineration capacity in the country. We believe that in the medium term, this could be an asset to be injected into REITS/Trusts.
- - Read this at SGinvestors.io -
How does this stack up against Sembcorp Industries?
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LIM Siew Khee CGS-CIMB Research | https://www.cgs-cimb.com 2022-08-25
Read also CGS-CIMB's most recent report:
2024-02-01 Keppel - Infrastructure Powering Recurring Income.
Previous report by CGS-CIMB:
2023-11-29 Keppel Corporation - Making Headway Into Europe.
Price targets by other brokers at Keppel Corp Target Prices.
Listing of research reports at Keppel Corp Analyst Reports.
Relevant links:
Keppel Corp Share Price History,
Keppel Corp Announcements,
Keppel Corp Dividends & Corporate Actions,
Keppel Corp News Articles
