Keppel Limited
26-08-2015, 09:04 AM
(26-08-2015, 07:46 AM)morten Wrote: Its uncharacteristic for Aberdeen to sell KepC now. The headwinds of KepFEL is well reported for about a year now when oil prices plunge. I am with most buddies' view, the disposal, is very likely triggered by fund redemption. It is just 2% disposal from the last stake. (not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
31-08-2015, 09:47 AM
I reckon the Keppel is getting a good deal, amid the current market condition. No further info provided for the deal...
(not vested) Keppel O&M unit buys US firm's offshore rig business for US$100 mil SINGAPORE (Aug 31): Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary has acquired the offshore rig business of US-based Cameron International Corp for US$100 million ($140.9 million). Under a stock and asset purchase agreement signed with Cameron on Aug 27, the wholly-owned unit Keppel Offshore & Marine USA, Inc. (KOM USA) acquired the LETOURNEAUTM jackup rig designs, rig kit business, and aftermarket services of the former. Under the agreement, a new subsidiary known as "NewCo" will be 100%-owned KOM USA, which houses the offshore rig business. Keppel O&M says the LETOURNEAUTM suite of jackup rig designs are "established" designs that have been popular with certain market segments and have a proven track record of operating in a variety of environments. These include the LETOURNEAUTM Super 116E, WORKHORSE, Super Gorilla XL and Jaguar that will add to Keppel’s offerings in the jackup rig market. The completion of the acquisition is subject to the fulfilment of certain conditions precedent, including relevant approvals from regulatory authorities. Shares of Keppel O&M ended higher at $7.04 last Friday, up 8 cents or 1.2%. http://www.theedgemarkets.com/sg/article...-us100-mil
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
31-08-2015, 11:20 AM
(31-08-2015, 09:47 AM)CityFarmer Wrote: I reckon the Keppel is getting a good deal, amid the current market condition. No further info provided for the deal... Perhaps, Keppel's purchase from Cameron should be read together with SLB's purchase of Cameron?
31-08-2015, 12:33 PM
Wow, so Gung Ho !
In a bad time like this, still going around and do big ticket purchase ? But then again, who wants to sell their proprietary technologies in good time ? So this deal is like a Big Casino Gambling, win big or loss big ! Chances is Keppel will loss big first.
30-09-2015, 10:06 AM
When they cannot convince you, they try their best to confuse you... track records mean nothing but for sure they will survive just dunno how bad the bleed will be...
http://www.straitstimes.com/business/com...out-crisis Keppel Corp chief executive Loh Chin Hwa believes the group's multi-sector strategy will allow it to weather ups and downs in the business cycle. "Conglomerates tend to perform the best through crises because of their access to capital, and their ability to invest when times are tough," he said in an article in the group's monthly in-house newsletter. "Of course, we want our engines firing on all cylinders. But even when we go through turbulence, and one of the engines slows down, the other engines would be able to pick up the pace," he added. Mr Loh was referring to the group's core business in the offshore and marine sector, which has come under strain after oil prices slumped. Its other businesses include infrastructure and property, as well as other investments such as upstream oil and gas company KrisEnergy, and telco M1.
19-10-2015, 06:14 AM
http://www.straitstimes.com/asia/growing...eal-estate
Growing foreign interest in Vietnam's real estate After a slew of legislative changes, the property market in Vietnam is taking off due to foreign interest. Keppel Land will be marketing the second phase of its project, Estella Heights, in Ho Chi Minh City, in Singapore. PHOTO: KEPPEL LAND Published 1 hour ago [url=http://www.straitstimes.com/asia/growing-foreign-interest-in-vietnams-real-estate#][/url] Foreign buyers are starting to take greater interest in the Vietnamese property market after a slew of legislative changes has given them a freer hand there, CBRE says. It also means Singapore developers - some veterans in the Vietnam market - will now be able to not just sell their units onshore in Vietnam, but also consider marketing them in Singapore as well. For example, Keppel Land will be launching the second phase of its project, Estella Heights in Ho Chi Minh City, here in coming weeks. From July 1, foreign individuals and enterprises are allowed to purchase and own residential property - for the former, if they have entry and exit immigration stamps, and for the latter, if they only use the homes for their own staff.
26-10-2015, 09:26 AM
When it rains, it pours...
http://www.straitstimes.com/business/com...-spore-inc The Brazilian predicament that Keppel Corp's oil-rig unit finds itself in is a stark reminder of the challenges Singapore companies sometimes face when doing business overseas. Despite the best-laid plans and intentions, companies can get mired in volatile local politics - as unit Keppel Fels Brasil has. The oil-rig builder said last week that it may face an investigation into deals with Brazilian state-run oil company Petrobras and its subsidiary, Sete Brasil. Petrobras is in the midst of a massive probe in the wake of a procurement corruption scandal that is partly behind moves to impeach Brazilian President Dilma Rousseff. Sembcorp Marine's Jurong Shipyard is also believed to be another Singapore company facing investigation.
23-11-2015, 03:53 PM
Would u buy 8 yr paper for 3.75%?
kepcorp... I think I will keep my powder dry till i see blood on the mother shares in 2/3 yrs time and take risks on equity 8Y - KEPPEL CORPORATION LIMITED Initial Yield guidance at cost 3.75% area Expected Issue Size Around S$200MM Denomination SGD 250k x 250k Timing Today’s Business Comments To follow Risk Rating 4 TBC LV 70%-75% TBC Issuer : Keppel Corporation Limited Issuer Rating : Unrated Issue Rating : Unrated Status : Senior Unsecured Format : Bearer, Reg S off Issuer's USD3 billion Multi-Currency Medium Term Note Programme Tenor : 8 years Expected Issue Size : Around S$200MM Initial Price Guidance : 3.75% area Coupon Payment : Fixed Rate, semi-annual, actual/365 (fixed) Details : SGD250k denoms, Singapore Law, SGX Listing Selling Restrictions : As per the Programme, primarily S274 & S275 of Singapore SFA Sole Bookrunner : DBS Bank Ltd. Clearing : CDP Timing : As early as today business Comps: Kepsp 3.145 2022 - 3.32%, sor + 63bp Kepsp 3.10 2020 - 3.10%, sor + 57bp
23-11-2015, 04:14 PM
(23-11-2015, 03:53 PM)greengiraffe Wrote: Would u buy 8 yr paper for 3.75%? Well, FCL 7Y bond is priced as 3.65%, which isn't too far away.  http://www.businesstimes.com.sg/companie...nds-on-sgx I do agree that, participating in its equity seems more viable, than owning its bond now. (not vested in both now)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
29-12-2015, 10:26 PM
Even in challenging times, orders are flowing.
Keppel Offshore & Marine, a wholly-owned company of Keppel Corporation Limited, secures contracts worth S$125 million from repeat customers Keppel Offshore & Marine Ltd's local and overseas subsidiaries continue to win strong support from repeat customers by securing 4 (four) contracts worth a total of about S$125 million : 1. a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) vessel awarded by Armada Floating Gas Storage Limited 2. a Floating Production Storage and Offloading (FPSO) vessel awarded by Yinson Production (West Africa) Pte Ltd, a wholly-owned subsidiary of Yinson Holdings Berhad. 3. a FPSO integration contract awarded by MODEC Offshore Production Systems (Singapore) Pte Ltd. 4. a barge enhancement contract awarded by BP Exploration (Shah Deniz) Limited (BP), operator of the Shah Deniz gas field development.
Specuvestor: Asset - Business - Structure.
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