Keppel Limited

Entry Into Rig Construction Contract with Awilco for Mid-Water Harsh Environment Rig Worth about US$425 Million

On 8 March 2019 Keppel FELS Limited ("Keppel") announced the securing of an order with Awilco Drilling PLC ("Awilco") for the construction of a repeat mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million.

On 22 March 2019 Keppel has finalized and entered into the rig construction contract with Awilco for the construction of the said repeat midwater semisubmersible drilling rig for harsh environment use.

Keppel acquires stake in leading EV battery businesses for US$50 million

Keppel Corporation Limited, through its wholly owned subsidiary KepVenture Pte Ltd (Keppel), has entered into an agreement with Envision AESC to invest US$50 million for a minority stake in Envision AESC Group Ltd, a leading intelligent lithium-ion battery company. This co-investment with Envision is in line with Keppel’s efforts to deploy innovative concepts in its solutions for sustainable urbanisation.

Envision AESC and Nissan hold approximately 80% and 20% of the shares of the newly established Japanese holding company, Envision AESC Group Ltd., respectively.

Envision AESC Group Ltd recently completed the acquisition of Automotive Energy Supply Corporation (AESC), a former venture between Nissan Motor Company (Nissan) and the NEC Group. It has also acquired the entire share capital of NEC Energy Devices, Ltd., a battery electrode manufacturing company owned by NEC Corporation.

Presently, Envision AESC Group Ltd has the capacity of 7.5GWh and a workforce of 1,400 employees across Japan, the US and the UK. Envision AESC Group Ltd is expanding its production into China and is engaging various global automakers to grow its customer base.

More details in https://links.sgx.com/FileOpen/MR%20-%20...eID=549588

Keppel and Aibel consortium secures major contract for DolWin5 converter stations
* Keppel's share of the contract is worth about S$560m
* It is Keppel O&M’s first major project in the renewable energy sector since 2010 and represents an area of growth

A consortium comprising Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly-owned subsidiary, Keppel FELS Limited (Keppel FELS), and Aibel AS, has secured a contract from TenneT Offshore GmbH, a grid operator in the Netherlands and Germany, for the design, engineering, procurement, construction, installation and commissioning of a 900MW offshore HVDC (High Voltage Direct Current) converter station and an onshore converter station. Keppel FELS’ share of the contract is worth about S$560m.

Together with its subcontractor ABB (ASEA Brown Boveri), the consortium will also undertake the installation and start-up operations of the offshore and onshore converter stations on site at Germany.

Scheduled to be completed in 2024, the two converter stations will be part of the DolWin cluster servicing offshore wind farms in the German sector of the North Sea. The offshore converter station will be located approximately 130km from the onshore converter station and they will provide grid connection for the offshore wind power plants to transmit and supply electricity to approximately a million households in Germany.

More details in https://links.sgx.com/FileOpen/MR%20-%20...eID=558275

Keppel secures contract for two offshore wind farm substations from Ørsted
* Keppel continues to grow pipeline of renewable energy projects
* The two offshore wind farm substations will be deployed in Ørsted’s Greater Changhua projects in Taiwan

Keppel Offshore & Marine Ltd’s (Keppel O&M) whollyowned subsidiary Keppel FELS Ltd (Keppel FELS) has secured a contract from Ørsted, a Danish renewable energy company, for two offshore wind farm substations worth more than S$150 million, further strengthening Keppel O&M’s foothold in the renewable energy sector.

The contract comprises detailed engineering, procurement, construction, testing and commissioning for two offshore wind farm 600MW substations. It excludes certain electrical components to be furnished by Ørsted.

Keppel’s workscope is scheduled for completion in the third quarter of 2021. The substations will be deployed in Ørsted’s Greater Changhua offshore wind sites in Taiwan, which have a total potential capacity of 2.4 GW.

More details in https://links.sgx.com/FileOpen/20190512_...eID=558959

Keppel Land to co-develop $425 mil residential development in Ho Chi Minh City

PC Lee 11/07/2019, 6:05pm

SINGAPORE (July 11): Keppel Land has acquired a 60% stake in three land parcels in Vietnam for $76 million to co-develop 2,400 premium apartments.

The conditional share purchase agreement for the three land sites was signed by Keppel Land’s wholly-owned subsidiary, Monestine, and Vietnamese developer, Phu Long Real Estate Corporation.

Spanning 6.2ha in Nha Be district, Saigon South, Ho Chi Minh City (HCMC), the three sites are situated within 400m of each other, along the Nguyen Huu Tho arterial thoroughfare, and are just a 25-minute drive from the HCMC central business district.

The residences will also come with ancillary shophouses, which will offer around 14,650 sqm of commercial space.

The sites are also near many public amenities, including healthcare facilities and leading educational institutions.

In addition, lifestyle and recreation offerings that are available nearby include SC VivoCity, Crescent Mall and Saigon South Golf Course.

The project will be developed in three phases. The development of Phase One, comprising about 910 apartments and some shophouses, will start in the first quarter of 2020, after relevant approvals have been obtained.

The total development cost for the project, inclusive of land cost, is expected to be in excess of $425 million.

More details in https://www.theedgesingapore.com/news/pr...-minh-city

Keppel secures contracts from repeat customers worth around S$130 million

Keppel Offshore & Marine Ltd (Keppel O&M) has through its whollyowned subsidiaries, Keppel FELS Limited (Keppel FELS) and Keppel Shipyard Ltd (Keppel Shipyard), secured contracts from repeat customers worth approximately S$130 million for a newbuild dredger and the modification of a Floating Production Storage and Offloading vessel (FPSO).

Mr Chris Ong, CEO of Keppel O&M, said, "We are pleased to secure these contracts from repeat customers as it reflects the market’s confidence in Keppel O&M’s customised solutions for newbuild vessels and FPSO conversions. This is the third newbuild dredger for Van Oord and the third FPSO project for Yinson. We are able to leverage the experience of working closely with our customers as well as our engineering and construction expertise to further improve productivity on their projects."

More details in https://links.sgx.com/FileOpen/16072019_...around%20S$130%20million.ashx?App=Announcement&FileID=570490

Keppel expands data centre footprint in Sydney, Australia
* New facility will be strategically located adjacent to Keppel DC REIT’s Gore Hill Data Centre

The Alpha Data Centre Fund (Alpha DC Fund) has announced that its wholly-owned subsidiary has acquired a 3,840 sqm plot of freehold land in Gore Hill Technology Park to develop a data centre in Sydney, Australia. The Alpha DC Fund is managed by Alpha Investment Partners Limited (Alpha), a wholly-owned subsidiary of Keppel Capital.

The greenfield data centre, Keppel DC Sydney 1 (KDC SY 1), will be strategically located adjacent to Gore Hill Data Centre, an existing data centre in Keppel DC REIT’s portfolio. Construction of the facility will take place over three phases with Phase I shell and core, as well as initial fit-out set to be completed by 1H 2021.

When fully completed, the data centre will feature approximately 57,000 sq ft of Gross Floor Area (GFA) built to Tier III equivalent specifications. Keppel Data Centres Holding (Keppel Data Centres) will be appointed project manager for the construction of the data centre and following its completion, be responsible for its operations. iseek-KDC Services Pty Ltd (iseek-KDC), a 60:40 JV between Keppel Data Centres and local partner iseek, will be appointed facility manager for the data centre. iseek-KDC has been providing facility management services since 2012 to Keppel DC REIT’s Gore Hill Data Centre.

More details in https://links.sgx.com/FileOpen/20190805_...eID=573119

Keppel Land China strengthens presence in Nanjing with new mixed-use development

Keppel Land China Limited (Keppel Land China) is forming a joint venture with Yincheng International Holding Co., Ltd. (Yincheng) and a co-investor, Jiangsu Aidi Property Development Co Ltd (Jiangsu Aidi), to jointly acquire and develop a 3.8-ha prime residential and commercial mixed-use development site in Xuanwu District, Nanjing, China.

Keppel Land China, through a wholly-owned subsidiary, Shanghai Ming Bu Industrial Co Ltd (SMBI), has entered into a share purchase agreement with Yincheng to acquire a 25% stake for a consideration of RMB250 million (approximately S$49.5 million) in Nanjing Zhijun Property Development Co Ltd (Nanjing Zhijun). Nanjing Zhijun is a project company incorporated to undertake the proposed development of the site. The remaining 75% stake will be held by Yincheng and Jiangsu Aidi.

SMBI will also be advancing a shareholders’ loan to Nanjing Zhijun amounting to RMB464 million (approximately S$91.9 million) for the acquisition and development of the site, after completion of the 25% stake acquisition. The site is expected to be acquired by Nanjing Zhijun by endDecember 2019.

The site has a gross floor area (GFA) of 99,248 sm and can yield about 211 residential units, 342 commercial units and 79 shop units. Phase 1 is expected to be launched in 2Q 2020 and the entire project is slated for completion in 2024. The estimated total development cost for the project is expected to be in excess of RMB5 billion (approximately S$990 million).

More details in https://links.sgx.com/FileOpen/20190821_...eID=575589

SINGAPORE - Temasek Holdings is set to take control of conglomerate Keppel Corporation with an offer by its wholly-owned subsidiary Kyanite Investment Holdings to acquire an additional 30.55 per cent of Keppel shares at $7.35 apiece in cash.

If successful, the $4.08 billion deal will bump Temasek and Kyanite's total holding up to 51 per cent, on top of Temasek's current direct holding of a 20.45 per cent stake in the conglomerate.

https://www.straitstimes.com/business/co...hare-offer

Is it renewable energy or is it 5G?

Current price: $6.70
Offer price: $7.35 
Potential gain within next 12 months: 65cents
Get paid while you waiting aka dividend: about 23cents 

Why Keppel corp?
I scanned the news that can disrupt Singapore and Keppel and 2 news pop right out of my eyes.

1. Renewable energy.
Quietly, Keppel had moved from traditional oil and gas into renewable energy.
With 51% control, likely Keppel will shift towards achieving Singapore ambitions in the energy market.
(click on Keppel ppt - scroll to page 9 for $2.4B)

2. 5G.
Everyone know that we will have 2 telco with 5G?
Not any more. 
The path had been cleared to guarantee all 4 telcos will have 5G.
2 with high bandwidth and 2 with low bandwidth license.


Take a closer look at this week news, M1 partnering with NTU in 5G pilot of autonomous vehicles.
(click for M1 NTU 5G Testbed)

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It might sounds too good to be true.
Your thinking and action will determine what type of investor you are.

Enjoy:


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