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Drill Baby Drill
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dontbetray
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18-Mar-2025 10:53
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Keppel Corporation' s share price peaked in the early 2000s, during a period of strong growth in its offshore and marine businesses, particularly tied to the booming demand for oil rigs and related infrastructure. The peak price for Keppel shares occurred around 2007, just before the global financial crisis. At that time, the stock was trading close to SGD 18 to SGD 19 per share. This was the highest point in the company' s history, driven by strong performance in its offshore and marine divisions, which were benefiting from rising oil prices and a boom in energy-related infrastructure. Since then, the share price has fluctuated significantly, with declines in the years following the global financial crisis, a weaker demand for oil rigs in the aftermath of the energy sector downturn, and broader market conditions. Keppel' s share price has not been able to return to those levels, with the company now focusing more on diversification and a shift towards sustainability and digital infrastructure, which has affected its traditional marine and offshore business. |
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MrBear12
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11-Mar-2025 22:17
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Keppel infrastructure is poised to grow double digits a year |
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dontbetray
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11-Mar-2025 22:08
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Keppel&rsquo s infrastructure fund, previously known as Keppel Asia Infrastructure Fund II, has acquired a 100% stake in subsea cable solutions provider Global Marine Group (GMG) from investment affiliates of J.F. Lehman & Company. The investment, announced on March 10, was made with the fund&rsquo s unnamed co-investor and marks the first investment by the former. GMG is a UK-headquartered subsea cable solutions provider. One of the world&rsquo s largest independent providers, the group operates a fleet of six vessels that offer mission-critical maintenance and installation services for the global subsea fibre optic cable network. According to Keppel&rsquo s release, GMG has a strong track record of contract renewals thanks to its &ldquo trusted long-term relationships with top tier customers&rdquo including telcos, hyperscalers and global equipment suppliers. Advertisement
The release adds that the market for maintenance and installation services is poised to grow at a compound annual growth rate (CAGR) of 45% from 2023 to 2029 with the rising global demand for connectivity and the limited supply of specialised vessels. GMG is also expected to maintain its high fleet utilisation of close to 100%. &ldquo We are excited to complete this investment in GMG. It is a rare and unique opportunity to acquire a world-leading provider of subsea cable maintenance and installation services,&rdquo says Christina Tan, CEO of fund management & chief investment officer of Keppel Ltd. See also: Olam to sell 44.58% stake in Olam Agri to Saudi Agriculture & Livestock Investment Company for US$1.78 bil &ldquo This investment builds on Keppel&rsquo s digital infrastructure strategy which includes the Bifrost cable system, and now, GMG,&rdquo she adds. &ldquo With a substantial proportion of GMG&rsquo s business secured by long-term contracts with huge growth potential, especially in Asia, we are poised to deliver attractive risk-adjusted returns to our investors.&rdquo Further to its statement, Keppel adds that the fund will &ldquo continue to evaluate quality deals and platforms beyond Asia, should such opportunities arise&rdquo . The acquisition is not expected to have any material impact on Keppel&rsquo s net tangible assets (NTA) per share or earnings per share (EPS) for the current financial year ending Dec 31. As at 10.26am, shares in Keppel are trading flat at $6.77. |
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