Earnings Report /

Keppel Corporation: Transforming into asset light recurring income business model

  • Net profit of $498mn (+66% YoY) was slightly under our expectations

  • Maintain BUY with higher SOTP TP of $8.95 (prev.$7.07

  • $710mn of assets monetised YTD, on-track to hit $5bn target by end-2023.

Terence Chua
Terence Chua

Equity Research Senior Analyst

1 August 2022
Published byPhillipCapital


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