- Keppel Corporation (SGX:BN4) has been transforming from an industrial conglomerate into a leading global asset manager and operator, focusing on real estate, energy & environment, connectivity, and alternative assets.
- - Read this at SGinvestors.io -
Stellar report card for Keppel's V2030 transformation strategy.
- Keppel Corp is undoubtedly amongst the highest ESG-rated Singapore corporates with an AAA MSCI rating since 2020. The sustainable urbanisation strategy continues to accelerate, with rising investment into renewables, clean energy, and decarbonisation solutions.
- - Read this at SGinvestors.io -
- The earnings quality has also improved dramatically, with recurring income contribution to group profit having jumped from 25-40% prior to V2030 to ~60% in 2022.
- In terms of growth, while ROE remains far behind target of 15%, at 9%, we look forward to turnaround of property business and AUM growth to drive growth ahead.
Improving Earnings Quality and Yield
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Pei Hwa HO DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-04-17
Read also DBS's most recent report:
2025-08-01 Keppel - New Keppel Resets For Growth With Asset-light Model.
Previous report by DBS:
2025-02-06 Keppel - Riding The AI Wave.
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
