In a Wednesday report, analyst Low Pei Han says 2017 was the year Keppel demonstrated the benefits of its multi-business strategy. Despite the downturn in the oil and gas sector, the group delivered an 11.2% y-o-y rise in PATMI to $712.5 million in 9M17.
SINGAPORE (Nov 29): OCBC expects Property to remain Keppel Corp’s dominant contributor to earnings as the group remains focused on strengthening its presence in its core and growth markets, while seeking opportunities to unlock value and recycle capital.
For instance, Tianjin Eco-City project is bearing fruit, with average selling prices of Eco-City residential land having increased significantly since 2016.
