Keppel 9M25 Update: Asset Management Franchise Building Momentum

Keppel 9M25 Update - Phillip Securities 2025-11-03: Asset Management Franchise Building Momentum

Keppel 9M25 Update: Asset Management Franchise Building Momentum

SGinvestors.io

Published: 2025-11-04 05:14 AM

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Asset management fees rose an estimated 8% y-o-y to S$104mil in 3Q25. The asset management franchise continues to build momentum.

Equity raised 9M25 was S$2.7bn, a massive jump from 9M24 S$0.7bn. 3Q25 equity raised was S$0.8bn. Assets monetised jumped by S$1.47bn (M1 S$1.28bn; 800 Super: S$0.18bn) in 3Q25 (1H25 S$915mil).

The Positive

Recurring earnings growth.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

SGinvestors.io

Paul Chew Phillip Securities Research | https://www.poems.com.sg/ 2025-11-03

Read also Phillip's most recent report:
2026-04-27 Keppel - Asset Gathering & Earnings Growth Intact.

Previous report by Phillip:
2026-02-09 Keppel - Giving More, Growing More.

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