- Keppel announced a positive 1Q25 business update with net profit up 25% y-o-y and nearly S$350m in asset monetisation year-to-date. However, given that this was a business update, full financial statements were not provided.
- - Read this at SGinvestors.io -
Asset monetisation efforts paying off.
- One of the key highlights of the 1Q25 update was Keppel’s asset monetisation programme which saw nearly S$350m in transactions year-to-date, mostly from its Chinese and Vietnamese real estate segments.
- Importantly, it is in the process of negotiating another S$550m in potential real estate deals that management expects to finalise “in the next few months”.
Assets released.
- - Read this at SGinvestors.io -
- Using Seatrium's share price of S$1.93 yesterday, this equates to a total value of S$0.23/share attributable to Keppel which could foreseeably be paid out as a special dividend, assuming that the shares are monetised. However, we highlight management’s comments that it would look to balance shareholders’ desire for income vs the company’s growth and asset recycling strategy.
Impact of US tariffs.
- Read more at SGinvestors.io.
