Keppel identifies S$17.5b of assets that can be monetised over time

Value of S$3-5b of assets to be unlocked over 3 years; O&M yards not included but sector to get strategic review


KEPPEL Corporation has identified assets valued at S$17.5 billion that can be "monetised over time and channelled towards growth initiatives". It will seek to unlock value for S$3-5 billion worth of these assets over the next three years.

Speaking at a media and analyst briefing to reaffirm the company's Vision 2030 roadmap, Keppel CEO Loh Chin Hua said these assets include landbank, non-core assets such as oil rigs, and funds. Their values are based on the group's balance sheet as at end-June.

Shares of Keppel closed at S$4.30 each on Tuesday, giving the group a market capitalisation of S$7.5 billion.

The assets identified for monetisation do not include Keppel's business platforms or...


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to