- Keppel’s 3Q24 business update showed that it continues to execute strongly with the key highlight being a 68% y-o-y jump in asset management fees to S$299m for 9M24. Data centres were a key focus during the analyst call.
9M24 net profit was comparable on a y-o-y basis
- - Read this at SGinvestors.io -
- Importantly, asset management fees of S$299m for 9M24 was a material 68% y-o-y increase with real estate being the largest contributor.
Focusing on Data Centre business.
- One of the key focus areas during the management presentation was the company’s data centre (DC) business, with Keppel highlighting its ability to generate multiple revenue streams from this asset class.
- - Read this at SGinvestors.io -
Growing its power footprint.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | Singapore Research Team UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-10-25
Previous report by UOB:
2024-08-02 Keppel - Strong 1H24 Operating Results But Legacy Assets Are A Drag.
Price targets by 3 other brokers at Keppel Target Prices.
Listing of research reports at Keppel Analyst Reports.
Relevant links:
Keppel Share Price History,
Keppel Announcements,
Keppel Dividends & Corporate Actions,
Keppel News Articles
