Keppel profit inches higher, with transformation into global manager 'bearing fruit'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Should l Buy ?
Source: Reuters
Financial Performance: Keppel reported a 7% increase in net profit to S$513 million for the first half of the year, driven by strong performances in its infrastructure and connectivity segments, despite a decline in real estate contributions.
Strategic Transition: The company is successfully transitioning into a global asset manager, with asset management profits more than doubling to S$75 million, and aims to oversee $150 billion in assets by 2030 while expanding its technology and energy services contracts.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
