Marine Link
Friday, October 28, 2016

Keppel Earnings Strong

February 5, 2001

Singapore conglomerate Keppel Corporation (KepCorp) and its units will report record profits over the next week, but a lack of progress on the restructuring front will stifle a return of investor interest, analysts say. Funds have neglected KepCorp, once considered a proxy for Singapore because of its interests ranged from telecoms and ship-repair to banking and property, and its shares are now drifting near the bottom of their historical trading range. Analysts expect the group, in which the government has a 32 percent stake, to report another year of record profits for 2000, topping 1999's $127 million. KepCorp's seven listed subsidiaries are Keppel Land (KPPLF), Keppel Capital, Keppel Hitachi Zosen, Keppel Telecommunications & Transportation (K11.SI), Keppel Fels Energy & Infrastructure, Singapore Petroleum Corp and K1 Ventures (K01.SI). -- (Reuters)

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

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