Keppel's Asset-Monetization Plans Likely Remain in Focus
Dow Jones
Aug 03
0512 GMT - Keppel Ltd.'s asset-monetization plans remain in focus for investors, with the company's year-to-date monetization potentially rising to over 2.0 billion Singapore dollars from S$1.7 billion in the next few months, says DBS Group Research's Pei Hwa Ho in a note. The pace of asset sales could accelerate in 2027 with the highly anticipated divestment of commercial development Keppel South Central, she says, which could add around S$2.0 billion to Keppel's overall asset monetization. The bulk of Keppel's noncore assets, which are real-estate-related, could be sold in the next four years, she says. DBS retains its buy rating and S$13.30 target price. Shares fall 1.6% to S$11.29.
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