Keppel Telecommunications & Transportation

[mkmk]

Financial Results: http://infopub.sgx.com/Apps?A=COW_CorpAn...1Q2015.pdf

1Q FY2015 RESULTS HIGHLIGHTS
1. Revenue decreased by 2% to $47.9 million.
2. Net profit attributable to shareholders improved by 2% to $15.8 million.
3. Earnings per share was 2.8 cents.
4. Net asset value per ordinary share increased by 3% to $1.31 per share.

(Not vested)

[cyclone]

Keppel T&T divests a 50% interest in Keppel DC REIT Management to Keppel Capital for S$38 million

Keppel Telecommunications & Transportation Ltd’s (Keppel T&T) wholly-owned subsidiary, Keppel Data Centres Pte. Ltd, has completed the sale of 50% of the shares of Keppel DC REIT Management Pte. Ltd. (Keppel DC REIT Management), the Manager of Keppel DC REIT, to Keppel Capital Holdings Pte. Ltd. (Keppel Capital), a wholly-owned subsidiary of Keppel Corporation Limited. The sale, which was completed on 1 July 2016, was for a total cash consideration of S$38 million.

Following the disposal, Keppel T&T retains a 50% stake in Keppel DC REIT Management. The REIT Manager has ceased to be a subsidiary of Keppel T&T and will remain as an associated company.

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Keppel T&T secures more than $144 m in data centre contracts

Keppel Data Centres Holding Pte Ltd (Keppel Data Centres), a subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T) has secured more than $144 million in contracts at Keppel DC Singapore 3 (formerly Keppel Datahub 2) and Keppel DC Singapore 4 (formerly Keppel Datahub 3) ahead of the latter's completion.

As a result of Keppel Data Centres' commitment to work closely with existing customers on their expansion needs, Keppel DC Singapore 3, which was fully committed in April 2016, has been reconfigured to accommodate additional contracts.

Separately, Keppel DC Singapore 4, which is still under construction, also secured contracts for colocation and data centre services. Keppel DC Singapore 4 is Keppel T&T's fourth data centre in Singapore and its second largest. It is strategically located in close proximity to data centres operated by Keppel Data Centres, namely Keppel DC Singapore 2 (formerly Keppel Datahub 1) and Keppel DC Singapore 3.

Keppel DC Singapore 4 will feature 183,000 sq ft of Gross Floor Area (GFA) when fully completed. The carrier neutral facility will be fitted out to Tier 3 concurrent maintainability standards. Phase 1 core and shell construction and fit-out of the facility remains on track for completion in 2016, with approximately 25% of data centre space committed.

More details in http://infopub.sgx.com/FileOpen/KTT%20se...eID=413453

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FY2016 Results Highlights :
1. The Group’s net profit attributable to shareholders for the full year improved by 15% from $91.5 million in 2015 to $105.1 million in 2016 due mainly to higher contribution from Data Centre Division, partly offset by weaker contribution by Logistics Division.
2. For 4Q 2016, net profit attributable to shareholders was $3.1 million compared to $44.5 million in 4Q 2015 due mainly to lower fair value gain on data centre investment properties and share of profits from associated companies.
3. Logistics Division’s revenue of $145.9 million decreased by $9.5 million compared to last year due to lower warehousing and port operations revenue. Operating loss was $17.4 million for the financial year ended 31 December 2016 due largely to impairment loss on fixed assets.
4. Earnings per share increased by 15% to 18.9 cents.
5. Net asset value per ordinary share increased by 10% to $1.43 per share, compared to $1.30 per share at December 2015.
6. Net gearing was 0.53x.
7. Final dividend of 4.5 cents per share.

More details in http://infopub.sgx.com/FileOpen/KTT%204Q...eID=437017

[sQQs]

Noticed that There are $225m of assets held for sale. Beside 70% KDCS3, wonder what would be other assets? If not wrong, share in M1 cost about $126m.


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[cyclone]

Sale of Entire Interest in Asia Airfreight Terminal Company Limited

Keppel Telecommunications & Transportation Ltd. wishes to inform that it has today entered into a sales and purchase agreement with, among other parties, Holistic Capital Investment Limited (a subsidiary of Hong Kong Airlines Limited) to sell its entire 10 percent interest in Asia Airfreight Terminal Company Limited, comprising 36,000,000 shares, for a consideration of HK$250 million (approximately S$45.2 million). 

More details in http://infopub.sgx.com/FileOpen/Announce...eID=443720

[swn]

Noticed that Keppel T&T had been moving up for the past few days to the level of $1.86 now. Wonder why, is it due to the divestment of M1?

[Scg8866t]

KeppelT&T's S$374mil of fixed assets in books, which I assume are data/logistic centers, are valued at cost. Anyone here knows the current market value for these fixed assets and KepT&T's Rnav? Cant seem to find the info anywhere.

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Strategic Review of China Logistics Portfolio

Keppel T&T announced that it is currently undertaking a strategic review of its China logistics portfolio, with the view to optimise and focus resources to become the urban logistics solutions provider of choice.

Keppel T&T has appointed Evercore Asia (Singapore) Pte Ltd (“Evercore”) as its financial adviser to assist with the strategic review. As part of the strategic review, Keppel T&T, through Evercore, may undertake preliminary discussions with various parties to evaluate the viability of options available.   

There is no assurance that any transaction will materialise from such a strategic review or that any definitive or binding agreement will be reached. If and when there are any material developments which warrant disclosure, Keppel T&T will, in compliance with applicable rules, make further announcements as appropriate.

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2Q & 1H 2018 Results Highlights

1. 2Q 2018 Revenue decreased by 5% yoy to S$45.3 million for 2Q 2018. 1H 2018 revenue remained stable at S$88.1 million, compared to S$88.3 million for 1H 2017.
2. Net profit of S$26.0 million for 2Q 2018, up 138% from S$10.9 million for 2Q 2017. On a half-year basis, net profit grew 60% yoy to S$35.4 million for 1H 2018, from S$22.2 million for 1H 2017.
3. Earnings per share of 4.6 cents for 2Q 2018 and 6.3 cents for 1H 2018, compared to 2.0 cents for 2Q 2017 and 4.0 cents for 1H 2017.
4. Net asset value per ordinary share increased to S$1.54 per share as at 30 June 2018, compared to S$1.52 per share as at end-2017.
5. Net gearing was 0.34x as at 30 June 2018, compared to 0.38x as at end-2017.
6. The strategic review of its China logistics portfolio is ongoing.

More details in http://infopub.sgx.com/FileOpen/KTT%201H...eID=516740