Equity Analysis /
Singapore

SG : Keppel Corporation - Connecting the dots

    Siewkhee Lim
    Siewkhee Lim

    Head of Singapore Research

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    CGS-CIMB
    29 March 2021
    Published byCGS-CIMB

    Facebook, Telekomunikasi Indonesia and Keppel TT to own/develop a subsea cable connecting Singapore to the West Coast US via Indonesia. Keppel’s key proposition is its ability to fund (via monetisation of other assets) and Keppel Capital’s network of new money. There are synergies to be reaped for KTT, KDC, M1 and expanded product offering, spanning across international connectivity and data services.