Reported net profit (S$155mil, -59% y-o-y) was dragged by the Non-Core Portfolio, which swung to a S$375mil net loss (from S$46mil) on S$165mil of rig impairment, implying ~5% mark down based on our estimate, and S$49mil of stock provisions, partly impacted by forex losses.
Infrastructure segment
- - Read this at SGinvestors.io -
Connectivity segment
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Pei Hwa Ho DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-07-31
Previous report by DBS:
2025-08-01 Keppel - New Keppel Resets For Growth With Asset-light Model.
Price targets by 3 other brokers at Keppel Target Prices.
Listing of research reports at Keppel Analyst Reports.
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