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Guessing which recent irrationally oversold one will be next to get a surprise upgrade ?
Joelton ( Date: 22-May-2026 10:02) Posted:
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JP Morgan upgrades Keppel after failed M1 sale
JP Morgan has just upgraded Keppel to overweight from neutral on May 21. JP Morgan had kept its neutral rating as recently as April 23, following Keppel&rsquo s 1Q2026 results.
In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA announced it has suspended the review of Keppel' s planned sale of M1 to Simba. Given that approval from IMDA is one of the conditions required, the deal has been terminated.
For investors, the impact is about seven to 11 cents per share in terms of special dividends group CEO Loh Chin Hua had said on May 18. Keppel&rsquo s capital management policy is to distribute 10-15% of proceeds from non-core asset sales to shareholders.
Part of FY2026&rsquo s ordinary dividend will comprise earnings from the sale of Keppel Merlimau Cogen to Keppel Infrastructure Trust for $128 million as Loh says any payout from the sale will be part of ordinary dividends. Keppel&rsquo s FY2025 ordinary dividends comprised 15 cents interim dividend and 19 cents final dividend. In addition, Keppel Sakra Cogen will be commissioned in the middle of this year
However, Mervin Song, an analyst at JP Morgan has just upgraded Keppel to overweight from neutral, with a five-cent higher price target of $12.05 for end-June 2027.
&ldquo We had been concerned about the slower pace of asset divestments and FUM growth due to the Middle East conflict, and the risk of revised terms or failure to secure regulatory approval for the M1 disposal. These risks have largely crystallised, with the failed M1 sale and Keppel returning -10.4% (including dividends) since March, lagging the STI&rsquo s 4.6% rise. We turn more positive as expectations and positioning have reset lower, with relative valuations and share price performance to peers having normalised,&rdquo Song says in his report.
Song is forecasting a dividend of 42 cents for FY2026. In FY2025, Keppel paid an ordinary dividend of 34 cents, and a special dividend of 13.5 cents which included a dividend-in-specie of Keppel REIT. JPMorgan' s 42-cent dividend forecast comprises an ordinary dividend of 34 cents and a special dividend of 8 cents. Song estimates the special dividend as 15% payout from $260 million of divestments announced in 2025 and completed in 1Q2026, and potential sale of two Bifrost pairs raising at least $250 million.
&ldquo In our view, Keppel&rsquo s pivot towards becoming a global asset manager remains on track and earnings should benefit from the ramp-up at the new Sakra plant. We see the risk-reward as attractive, with DPS of 42 cents implying a 4% yield, which should provide downside support.
&ldquo Several investors have said to us they view this as an attractive &ldquo paid to wait&rdquo level while Keppel pivots to a global asset manager,&rdquo Song says.
Market is always manipulative, they earning from both short and long . ( Like what donald trump - son doing now). Buy at Low, Sell at High ( Iran War, Oil Price).
However, Keppel also must have good fundamental for them to do such thing. Such 5% if is 1million SGD = 5,000 SGD, if is 10million SGD = 50,000 SGD
Keppel bought around 20million SGD of share during this period , 5% = 100k SGD already. Is always the big guy game.
However, Keppel also must have good fundamental for them to do such thing. Such 5% if is 1million SGD = 5,000 SGD, if is 10million SGD = 50,000 SGD
Keppel bought around 20million SGD of share during this period , 5% = 100k SGD already. Is always the big guy game.
newbie2019 ( Date: 22-May-2026 09:02) Posted:
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Sir, there shd be some positive developments coming up. There is no smoke w/o fire.😂 😂 😂
newbie2019 ( Date: 22-May-2026 09:05) Posted:
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I agree ...
newbie2019 ( Date: 22-May-2026 09:05) Posted:
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One report can swing the share price by ~6%.
This angmo house really something.
This angmo house really something.
Delvyss ( Date: 22-May-2026 09:03) Posted:
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Lol ... ikan bilis like us just swim along ...
newbie2019 ( Date: 22-May-2026 09:02) Posted:
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This house was first to downgrade Keppel, now upgrading it.
Manupulative leh..
Manupulative leh..
Delvyss ( Date: 22-May-2026 08:59) Posted:
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JP Morgan upgrades Keppel after failed M1 sale
https://www.theedgesingapore.com/capital/brokers-calls/jp-morgan-upgrades-keppel-after-failed-m1-sale
SBB today - 400,000 shares bought at 10.36 to 10.46 ($4,166,824)
If I'm Keppel, I'll do a reverse takeover of Simba which it really screws up for using non regulatory RFs.. haha..
Newbie2025 ( Date: 21-May-2026 16:50) Posted:
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Sirs, Singtel is also clarifying with regulators whether they can acquire M1..
UOB Kay Hian Keeps Their Buy Rating on Keppel Corporation Limited (BN4)
https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/2045452/uob-kay-hian-keeps-their-buy-rating-on-keppel-corporation-limited-bn4/
Thank you Sir, the mother is the biggest winner..⚘ ️ ⚘ ️ ⚘ ️
YuanLong94 ( Date: 20-May-2026 18:30) Posted:
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Write down is very accounting
I12 Katong is sell at a value lower than book value
mean based on assessment people think your hdb property is worth 1million
you buy at 400k
but you sell 900k
write down 100k because you think it should worth 1' million but in actual you still profit gain by 500k .
accounting world care about book value
in investment sense , after so many year of rental collect +property sale - original cost = gain
That why last year Keppel keep emphasize the crystallize value of M1 is 900million investment gain even though there is 222m write down
all in all , Keppel commit on the 10 to 15% of the total sale value for special dividends , balance cash they will use for debt payment
then core dividend is pay through new Keppel
EPS might time to time be affect by this monetization deal but it will always have moneitization deal for Keppel
once Bifrost stabilize they can sell billion to their infrastructure REIT
once data centre finish build and 100% they will sell to Keppel data centre reit
once cbd building 100% occupancy they will sell the Keppel Reit
Keppel Ltd
Greenfield to brownfield to EPC to 100% sale of the asset to recurring service .They earn from all aspect
I12 Katong is sell at a value lower than book value
mean based on assessment people think your hdb property is worth 1million
you buy at 400k
but you sell 900k
write down 100k because you think it should worth 1' million but in actual you still profit gain by 500k .
accounting world care about book value
in investment sense , after so many year of rental collect +property sale - original cost = gain
That why last year Keppel keep emphasize the crystallize value of M1 is 900million investment gain even though there is 222m write down
all in all , Keppel commit on the 10 to 15% of the total sale value for special dividends , balance cash they will use for debt payment
then core dividend is pay through new Keppel
EPS might time to time be affect by this monetization deal but it will always have moneitization deal for Keppel
once Bifrost stabilize they can sell billion to their infrastructure REIT
once data centre finish build and 100% they will sell to Keppel data centre reit
once cbd building 100% occupancy they will sell the Keppel Reit
Keppel Ltd
Greenfield to brownfield to EPC to 100% sale of the asset to recurring service .They earn from all aspect
Speediman ( Date: 20-May-2026 00:19) Posted:
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SBB today - 400,000 shares bought at 10.16 to 10.37 ($4,112,846)
Keppel Ltd Shows Resilient Asset Growth Amid Middle East Conflict Benefits, Maintains BUY with S$13.80 Target
https://www.poems.com.sg/stocks/articles/keppel-ltd-asset-growth-middle-east-benefits-buy-rating/
Sir, no idea..😇 😇 😇
I just know whether if you can see Keppel will be going backward by $2 and below or going foward by $2 and beyond, you already know the answer..🤩 🤩 🤩
investshare ( Date: 20-May-2026 09:07) Posted:
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M1 already write down 222million SGD last year Q4 when is announced for closure . Book write down because book value is higher then the selling price.
Keppel still pay the dividend as per New Keppel nevertheless. 56% payout @ 0.36 SGD/share. With Monetizaiton special dividends as 0.11 SGD/share.
With monetization money + new keppel recurring money. Monetization will cover all the write down.. Hence only 10 to 15% monetization is given out as special dividends.
Let see how it goes. To me is very simple. If any company can have dividends payout double from now versus 2030. Keppel is my best bet.
0.45 SGD/ share @ 70% payout of New Keppel . If AUM double by 2030 7B= 48million SGD per year (12m per quarter) . I think Keppel will have at least 0.75 SGD/share dividend by 2030 (Hopefully) just from AUM. That assuming 70% payout too, can be 75% can be 80%. Keppel did mention, if recurring income is stable, they will give higher payout though, recent high is 66% at FY 2024.
Once become 200 B, it become 300B, 400 B, is a once in a life time opportunity to envision Keppel turning into blackrock, brookfield equivalent kind of company.
USA citizen bet on Tesla Elon Musk believe that he can make thing happen. Tesla does not comprise of SpaceX back then. Is the trust of confidence.
As a Singaporean, I hope Keppel will be a worldwide brand in time to come, together with Temasek Holding too.
Just fyi.
FY 2018 = 64% (before that have Keppel FEl, non stable)
FY 2022= 64% (before that have Keppel FEl, non stable)
FY 2024= 66% (Without Keppel FEI)
FY 2025 = 56% with monetization special dividends ( why pay so much dividends when already increase from 0.34 SGD/share to 0.47 SGD/share. Need to moderate increase.
Keppel still pay the dividend as per New Keppel nevertheless. 56% payout @ 0.36 SGD/share. With Monetizaiton special dividends as 0.11 SGD/share.
With monetization money + new keppel recurring money. Monetization will cover all the write down.. Hence only 10 to 15% monetization is given out as special dividends.
Let see how it goes. To me is very simple. If any company can have dividends payout double from now versus 2030. Keppel is my best bet.
0.45 SGD/ share @ 70% payout of New Keppel . If AUM double by 2030 7B= 48million SGD per year (12m per quarter) . I think Keppel will have at least 0.75 SGD/share dividend by 2030 (Hopefully) just from AUM. That assuming 70% payout too, can be 75% can be 80%. Keppel did mention, if recurring income is stable, they will give higher payout though, recent high is 66% at FY 2024.
Once become 200 B, it become 300B, 400 B, is a once in a life time opportunity to envision Keppel turning into blackrock, brookfield equivalent kind of company.
USA citizen bet on Tesla Elon Musk believe that he can make thing happen. Tesla does not comprise of SpaceX back then. Is the trust of confidence.
As a Singaporean, I hope Keppel will be a worldwide brand in time to come, together with Temasek Holding too.
Just fyi.
FY 2018 = 64% (before that have Keppel FEl, non stable)
FY 2022= 64% (before that have Keppel FEl, non stable)
FY 2024= 66% (Without Keppel FEI)
FY 2025 = 56% with monetization special dividends ( why pay so much dividends when already increase from 0.34 SGD/share to 0.47 SGD/share. Need to moderate increase.
Speediman ( Date: 20-May-2026 00:19) Posted:
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If sell STE and buy Keppel, almost $1 difference per 1000 shares. Make sense or not? What is your view?
Newbie2025 ( Date: 19-May-2026 14:21) Posted:
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