- Infrastructure, the largest earnings contributor, continues to support with recurring income; gaining momentum as a global asset manager too.
- Exposure to Chinese real estate derisked, while Subsea Cable Systems offer attractive opportunities.
5% growth in profit from continuing operations in FY24.
- - Read this at SGinvestors.io -
- Net profit from continuing operations was S$1.06b in FY24 (of which 72% was recurring), about 5% higher than in FY23, excluding the effects of the legacy offshore and marine assets. Including these effects and the discontinued operations, net profit was S$940m for FY24.
Infrastructure division supported by recurring earnings.
- - Read this at SGinvestors.io -
- Keppel in the past used to be focused on the power trading business with a high exposure to the spot market, which resulted in volatile earnings. However, presently about 70% of its contracted power capacity is locked in for three years or more. The group has also shifted from being largely an Engineering, Procurement and Construction (EPC) player to providing technology solutions and operating and maintenance services.
Exposure to Chinese real estate derisked, while Subsea Cable Systems offer attractive opportunities.
- Read more at SGinvestors.io.
