Analysts are more optimistic on Keppel Corp after the conglomerate posted a glowing set of 1HFY2021 results ended June 30. UOB KayHian says the company’s better-than-expected performance was attributed to strong operational performance from the urban development, asset management and energy & ...

Keppel Corporation has reported earnings of $299.8 million for the 1HFY2021 ended June, reversing from its net loss of $537.1 million in the 1HFY2020. This was due to the group seeing profitability across all key business units during the half-year period. All four segments also recorded better perf...

KEPPEL Corporation on Tuesday said it will recognise a loss of S$318 million in respect of its exposure to KrisEnergy in its H1 2021 financial results, after the latter on June 4 said it has submitted a winding-up petition.

Keppel Corp has announced that it will recognise an impairment loss of $318 million on its exposure to oil and gas company KrisEnergy, after the latter announced on June 4 that it has submitted a winding-up petition. See: KrisEnergy submits petition to wind up as it is unable to pay its debts In a f...

KEPPEL Corporation on Tuesday said it will recognise a loss of S$318 million in respect of its exposure to KrisEnergy in its H1 2021 financial results, after the latter on June 4 said it has submitted a winding-up petition.

Independent upstream oil and gas company KrisEnergy has submitted a winding-up petition to the Grand Court of the Cayman Islands on June 4. The hearing date for the petition has yet to be fixed. The decision to wind up the company was due to it being unable to pay its debts. It will subsequently pro...

TROUBLED oil and gas group KrisEnergy announced in a regulatory update late on Friday that it has submitted a winding-up petition to the Grand Court of the Cayman Islands.

A mid the resurgence of new Covid-19 cases, this year’s AGM season was like last year’s — largely devoid of physical presence. Retail shareholders miss their usual bento boxes and NTUC vouchers, as proceedings go online and meetings were fronted by masked-up directors. Now, even with growing w...

CGS-CIMB Research believes that Keppel Corporation’s recent divestment and restructuring gains could alleviate concerns of potential impairment on its investment in KrisEnergy. Analyst Lim Siew Khee has kept her ‘add’ rating for Keppel Corporation unchanged with her target price maintained at ...

KrisEnergy says the estimated ultimate recovery from the five development wells in the Apsara oil development is “likely to be a small fraction” of the pre-development estimates due to significantly lower volume of hydrocarbon-in-place connected to the wells. The underperformance is also attribu...