Edition:
United States

Keppel Corporation Ltd (KPLM.SI)

KPLM.SI on Stock Exchange of Singapore

6.59SGD
24 May 2017
Change (% chg)

$0.04 (+0.61%)
Prev Close
$6.55
Open
$6.61
Day's High
$6.61
Day's Low
$6.56
Volume
1,496,600
Avg. Vol
4,955,382
52-wk High
$7.23
52-wk Low
$5.13

Latest Key Developments (Source: Significant Developments)

Keppel Corporation says Keppel O&M secures contract to build LNG carrier vessels
5:15am EDT 

May 24 (Reuters) - Keppel Corporation Limited ::Keppel secures contract to build LNG carriers worth over S$100m.As part of contract, Keppel Singmarine has also secured options to build another three similar units for Stolt-Nielsen Gas.LNG carriers are expected to be completed in 2Q and 3Q 2019 respectively.Contract is not expected to have material impact on EPS of Keppel Corporation for current financial year.  Full Article

Keppel Corporation says unit of Keppel Offshore & Marine secured contracts
Tuesday, 23 May 2017 05:11am EDT 

May 23 (Reuters) - Keppel Corporation Limited ::Keppel to build two additional dredgers worth S$120 million for Jan De Nul.Contracts are not expected to have a material impact on earnings per share of Keppel Corp for current financial year.Keppel Offshore & Marine's unit, Keppel Singmarine has secured contracts from Codralux S.A., unit of Jan De Nul group.  Full Article

Keppel Corp secures engineering and construction support services contract in Vietnam
Thursday, 27 Apr 2017 05:13am EDT 

April 27 (Reuters) - Keppel Corporation Limited :Keppel secures engineering and construction support services contract for first tlwp in Vietnam.Unit has secured a contract worth about US$40 million from ptsc mechanical & construction.Contract not expected to have a material impact on nta or EPS of Keppel Corporation Limited for current financial year.When completed, TLWP will be deployed in ca rong do field development offshore southern vietnam.Contract to provide engineering, technology and construction management support services for Repsol Ca Rong Do Tension Leg Wellhead Platform.  Full Article

Keppel says Keppel O&M reduced global direct workforce by about 6% in Q1
Thursday, 20 Apr 2017 05:10am EDT 

April 20 (Reuters) - Keppel Corporation Ltd ::In Q1, Keppel O&M further reduced its global direct workforce by about 1,250 or 6% compared to previous quarter."Since start of 2015, we have reduced our global direct workforce by close to 18,000 or about 49%".  Full Article

Keppel Corporation's qtrly net profit up 23 pct at S$260 mln
Thursday, 20 Apr 2017 05:10am EDT 

April 20 (Reuters) - Keppel Corporation Ltd :Qtrly revenue S$ 1.25 billion versus S$1.74 billion.Qtrly net profit was S$260 million, up 23 pct.For the quarter, property division saw revenue decrease by 48 pct to $262 million due mainly to lower revenue from china and singapore."Offshore & marine division's net order book, excluding sete rigs, stands at $3.5 billion".Property division sold about 980 homes in Q1 of 2017.No dividend has been declared for quarter ended 31 March 2017.All figures in S$.  Full Article

Keppel Corp says Keppel Infrastructure signs agreement with EDB
Tuesday, 18 Apr 2017 05:12am EDT 

April 18 (Reuters) - Keppel Corporation Limited ::Pdf 1: Keppel Corporation Limited (Keppel Infrastructure Signs Agreement With EDB To Develop A Gasification Facility In Singapore) <<>>.Announcement will not have any material impact on net tangible assets & EPS of Keppel Corp ltd for financial year ending 31 December 2017.  Full Article

Keppel Corporation says Keppel O&M proposes sale of shipyard, Keppel Verolme
Monday, 10 Apr 2017 07:02am EDT 

Keppel Corporation Ltd : Keppel Enters into term sheet with Damen Shipyards Group on the proposed sale of its Rotterdam Yard .Targeted timeline to close transaction is by end of q2 2017.  Full Article

Keppel Corp updates on dismissal of civil action by EIG
Sunday, 2 Apr 2017 10:55pm EDT 

Keppel Corporation Ltd : Dismissal Of Civil Action By EIG . United States District Court, district of Columbia, has ruled in favour of co and Keppel O&M and has dismissed claims against co and Keppel O&M . Refers to its announcement dated 2 June 2016 in relation to action commenced by EIG management co and eight of its managed funds .Civil action against Petroleo Brasileiro SA, in relation to which company and Keppel Offshore & Marine Limited were added as defendants.  Full Article

Keppel Corp says unit signed agreement with Borr Drilling for Transocean rigs
Monday, 20 Mar 2017 09:44am EDT 

Keppel Corporation Limited : Keppel signs heads of agreement with borr drilling for transocean rigs . Under new agreement, Borr Drilling will take over contracts and undertake remaining payment installments to Keppel Fels . Price for each rig is usd$216 million, compared to original price of usd$219 million . Under agreement construction contracts for five jackup rigs currently being built by Keppel Fels for Transocean will be novated to Borr Drilling . Completion of transaction is expected to take place before end of may 2017 . Transaction will not have any material impact on net tangible assets & earnings per share of Keppel Corp for FY17 . "Borr Drilling will also make a down payment of usd$275 million" .Keppel Offshore & Marine Ltd has entered into a heads of agreement with Borr Drilling Ltd of Bermuda.  Full Article

Keppel Corporation says Chow Yew Yuen to retire as CEO of Keppel O&M
Monday, 20 Mar 2017 07:00am EDT 

Keppel Corporation Limited : Chris Ong, MD of Keppel FELS, will be concurrently appointed acting chief executive officer (CEO) of Keppel Offshore & Marine .Chow Yew Yuen, CEO of Keppel O&M, will retire with effect from 31 March 2017.  Full Article

More From Around the Web

BRIEF-Keppel Corporation's qtrly net profit up 23 pct at S$260 mln

* For the quarter, property division saw revenue decrease by 48 pct to $262 million due mainly to lower revenue from china and singapore