With Keppel now close to its asset monetisation target of $5 billion, Loh also noted that the group aims to eventually activate all $17.5 billion of its monetisable assets. The group had identified $17.5 billion worth of monetisable assets based on carrying value in June 2020. These did not include its operating platforms such as Keppel Offshore & Marine (Keppel O&M).
Keppel Corporation CEO Loh Chin Hua has revealed that the group aims to work towards an asset under management (AUM) target of $200 billion by end-2030 from its current $50 billion in assets. The announcement was made in the group’s annual report released in the early hours of March 30.
The $200 billion target was first mentioned during Keppel’s results statement for FY2022 ended Dec 31, 2022, when the group said that it will work towards its longer-term target after growing its AUM to $50 billion by the end of FY2022.
