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Keppel announced in mid-June that its fourth Bifrost fibre pair on the 20,000km cable linking Asia to the US West Coast has now been sold. While no price was disclosed, we estimate that the price could be over US$100m and likely to be higher than that paid by Converge in 2021.
Latest Bifrost sale with fifth one likely before year-end.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Commercial operations commenced at Keppel Sakra Cogen (KSC).
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In late-May, Keppel reported that its 600MW hydrogen-ready combined-cycle power plant has resulted in a 45% increase to Keppel’s generation capacity to a total of 1,900MW.
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Importantly, this new asset is fully contracted into 2027 and is owned via a 70:30 JV with Keppel Asia Infrastructure Fund holding the larger stake. Again, this underlines the company’s ability to generate earnings from its asset without fully owning it, thus freeing up capital for other uses.
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We note that on the demand side, Singapore’s spark spreads have been volatile due to the Iran war but Keppel’s exposure to this is limited due to its fully contracted revenue.
Backing up the truck.
- 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/.
Adrian Loh UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-06-25
Previous report by UOB:
2026-05-19 Keppel - M1 Sale Is Deferred, Not Derailed.
Price targets by 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
