Keppel Corporation - OCBC Investment 2023-02-03: Continues To Unlock Value

• Significant outperformer in 2022 with 42% rise in Keppel Corp's share price.
• Keppel Corp announced full year cash dividend of S$0.33/share with additional Sembcorp Marine shares post transaction.
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Keppel Corp's FY22 net profit lower by 9%

• Keppel Corporation (SGX:BN4) reported FY22 revenue from continuing operations of S$6.6b, which was flattish compared to a year ago, while net profit of S$927m was 9% lower, mainly due to lower earnings in Urban Development as well as provisions for specific projects at Keppel O&M’s yard in the US, which were partly offset by the partial writeback of impairments for legacy rigs – See Keppel Corp's announcement dated 02 Feb 2023.
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Cash dividend of S$0.33/share, along with additional Sembcorp Marine shares post transaction

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-02-06 Keppel Ltd - Relentless Reinvention.

Previous report by OCBC:
2024-08-02 Keppel - Ongoing Evolution.

Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
Keppel Corp News