Keppel Telecommunications & Transportation

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Keppel and the Salim Group to jointly develop and operate data centre in Indonesia

The Salim Group and the Keppel Group, through the Alpha Data Centre Fund (Alpha DC Fund), managed by Alpha Investment Partners Limited (Alpha), and Keppel Data Centres Holding Pte Ltd (Keppel Data Centres), have signed conditional agreements to jointly develop and operate a high-availability data centre in Bogor, about 35km distance from Jakarta, Indonesia.

The data centre, IndoKeppel Data Centre 1 (IKDC 1), will be developed and operated by a 60:40 joint venture between the Salim Group and Keppel Data Centres. Development of the facility will take place over three phases and will feature a gross floor area of approximately 105,300 sq ft with Tier 3 concurrent maintainability standards for power and cooling. The construction of the data centre’s core and shell as well as first phase fit-out is expected to be completed by the first half of 2020.

Separately, IKDC 1 and its underlying 3ha land plot will be held by a 60:40 joint venture between the Salim Group and the Alpha DC Fund respectively. It is envisioned that the 3ha land plot will be the first phase of a larger 7ha data centre campus development that will cater to growing demand for quality data centre space in Indonesia.

More details in http://infopub.sgx.com/FileOpen/Media%20...eID=524551

[Scg8866t]

Keppe T&T scheme of arrangement offer at 1.91

Thats 40% premium to last done price and 10 years high. Congrats to all vested.

[cyclone]

4Q & FY2018 Results Highlights

Keppel Telecommunications & Transportation Ltd (Keppel T&T) registered a net profit of S$65.5 million for the full year 2018, up 17% from S$56.1 million a year ago. The increase was due mainly to higher share of results from the associated companies, dilution gain and gain on disposal of an associated company, partly offset by higher operating expenses, impairment and fair value loss.

Net profit for 4Q 2018 was S$18.2 million, decreased by 11% compared to 4Q 2017 due mainly to impairment loss on an associated company, fair value loss on a data centre and higher operating expenses, partly offset by higher share of profits and fair value gains on investment properties from associated companies.

Revenue for 4Q 2018 and full year 2018 increased by 8% and 4% to S$47.2 million and S$183.2 million respectively compared to corresponding periods last year. This was due mainly to higher data centre facility management income and revenue from logistics warehousing and channel management business partially offset by lower revenue from port operations in China.

Keppel T&T’s earnings per share for 4Q 2018 and FY2018 was 3.3 cents and 11.7 cents respectively, compared to 3.6 cents and 10.0 cents for 4Q 2017 and FY2017. Keppel T&T’s net asset value per ordinary share increased to S$1.58 per share as at 31 December 2018, compared to S$1.52 per share as at end 2017.

Net gearing was 0.38x as at 31 December 2018, same as end-2017. Cash and cash equivalents amounted to S$136.5 million at end-2018, compared to S$96.0 million at end-2017.

More details in http://infopub.sgx.com/FileOpen/KTT%20FY...eID=541292

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Results of Scheme Meeting – Scheme Approved

The Scheme Shareholders voted at the Scheme Meeting held on 2 April 2019 at Suntec Singapore Convention and Exhibition Centre, Rooms 334 - 336, Level 3, 1 Raffles Boulevard, Suntec City, Singapore 039593 at 3.00 p.m. APPROVED the Scheme.

More details in https://links.sgx.com/FileOpen/Results%2...eID=549889

[cyclone]

Bought in 2014 at the cost of 1.7274 per share. Acquired at 1.91 per share.
10% gain in 5 years, excluding the dividends as followed :
2015 => 0.15 per share
2016 => 0.035 per share 
2017 => 0.045 per share
2018 => 0.035 per share
 
A lousy investment.

Updated Indicative Timetable for the Scheme

Last day of trading of the Shares : 18 April 2019

Books Closure Date : 23 April 2019, 5.00 p.m.

Expected Effective Date : 24 April 2019

Expected date for the payment of the Scheme Consideration : By 6 May 2019

Expected date for the delisting of the Shares : After payment of the Scheme Consideration

More details in https://links.sgx.com/FileOpen/Announcem...eID=552041

[chialc88]

cyclone, 
don't compliant liao.
a few financial blogger reported zero gains investing from 2014 to 2018.
Zero - ok.
2017 was their peak performance.
Nov-Dec 2018 - all the gain from 2014 all wiped out.

You have 10% gain is already worth a celebration.

I'm not vested but was very keen after Scheme of arrangement announced.

Moving forward, I see more privatisation coming as some SGX stocks are really undervalue.