Keppel - UOB Kay Hian 2024-11-20: A Strategic Move To Row Its Own Boats

• We view Keppel’s reimposition of control over Asset Co to be strategically important, as it allows Keppel to determine the pace and structure of the monetisation of its rig assets.
• - Read this at SGinvestors.io -
• In addition, Keppel announced also that it had divested its stakes in two data centres to Keppel DC REIT.

Determining its own destiny by rowing its own boats.

• Keppel announced that it will undertake a selective capital reduction (SCR) exercise on Asset Co which will result in Asset Co becoming a wholly-owned subsidiary of the company.
• - Read this at SGinvestors.io -

Background of Asset Co.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2026-02-06 Keppel - A Breakout Year As Asset-light Strategy Drives ROE & Profits.

Previous report by UOB:
2025-10-31 Keppel 3Q25 Update - Well Placed For A Great Year.

Price targets by 2 other brokers at Keppel Target Prices.

Listing of research reports at Keppel Analyst Reports.

Relevant links:
Keppel Share Price History,
Keppel Announcements,
Keppel Dividend Payout Dates & Corporate Actions,
Keppel News