The group said it had monetised some $347 million in assets year-to-date, mostly from the divestment of its assets in China and Vietnam.
Analysts are all remaining positive on Keppel Limited after the group posted a "strong" business update for the 1QFY2025 ended March 31.
On April 24, the group said its net profit for the quarter rose by 25% y-o-y, although no specific numbers were mentioned. The y-o-y growth, which excludes its legacy offshore and marine (O&M) assets, were due to "steady" infrastructure earnings, better contributions from its real estate segment and stronger asset management performance. Including the legacy O&M assets, Keppel's net profit for the quarter more than doubled y-o-y due to lower losses from the legacy assets.
