Keppel Corporation - Sembcorp Marine Shareholders Clear Way For Divestment

Keppel Corporation - Phillip Securities 2023-02-17: Sembcorp Marine Shareholders Clear Way For Divestment

Sembcorp Marine has changed its name to Seatrium w.e.f. 2023-05-02.

Keppel Corporation - Sembcorp Marine Shareholders Clear Way For Divestment

SGinvestors.io

Published: 2023-02-17 02:32 AM

KEPPEL CORPORATION LIMITED (SGX:BN4)

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We believe the focus will now shift towards transforming Keppel Corp's Urban Development business towards an asset-light model with a focus on growing its recurring income.

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The news

Sembcorp Marine shareholders have cleared the way for the proposed combination of KOM, voting overwhelmingly (95.28%) in favour of the acquisition. See Sembcorp Marine's announcement and Keppel Corp's announcement dated 16 Feb 2023.

Positives

Another step towards an asset-light business model.

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

SGinvestors.io

Terence Chua Phillip Securities Research | https://www.stocksbnb.com/ 2023-02-17

Read also Phillip's most recent report:
2025-02-07 Keppel 2H24 - Rewarded As The Company Transitions.

Previous report by Phillip:
2024-10-25 Keppel - Surfing The Huge Data Centre Wave.

Price targets by 4 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