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’s capital management policy is to distribute 10-15% of proceeds from non-core asset sales to shareholders.
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’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.
