Business description: Keppel Ltd.

Keppel Ltd. is a global asset manager and operator company providing critical infrastructure and services for renewables, clean energy, decarbonization, sustainable urban renewal and digital connectivity. Its Infrastructure segment business provide energy and environmental solutions and services that are essential for sustainable development. Its Real Estate segment business provide sustainable urban space solutions, focusing on sustainable urban renewal and senior living. Its Connectivity segment's principal activities include the development and operation of data centers, provision of telecommunications services, sale of telecommunications and information technology equipment and provision of system integration solutions and services. Its Corporate Activities segment consists mainly of treasury operations, research & development, investment holdings, provision of management and other support services.

Number of employees: 4,964

Sales by Activity: Keppel Ltd.

Fiscal Period: December 2021 (SGD) 2022 (SGD) 2023 (SGD) 2024 (SGD) 2025 (SGD)

Infrastructure

- - 4.97B 4.64B 4.15B

Connectivity

1.27B 1.3B 1.37B 1.37B 953M

Non-core Portfolio for Divestment

- - - - 705M

Elimination

-108M -150M -205M -151M -149M

Real Estate

1.63B 904M 771M 637M 221M

Corporate Activities

74.07M 88.4M 59.34M 108M 99.27M

Asset Management

172M 209M - - -

Energy & Environment - Infrastructure & Others

3.57B - - - -

Energy & Environment

- 4.26B - - -

Energy & Environment - Offshore & Marine

2.01B - - - -

Geographical breakdown of sales: Keppel Ltd.

Fiscal Period: December 2021 (SGD) 2022 (SGD) 2023 (SGD) 2024 (SGD) 2025 (SGD)

Singapore

6.46B 5.47B 6.21B 6.09B 5.28B

China/Hong Kong

1.54B 916M 504M 298M 341M

Other Far East & ASEAN Countries

223M 172M 195M 167M 300M

Other Countries

327M 65.12M 57.13M 47.89M 65.55M

Brazil

73.8M - - - -

Executive Committee: Keppel Ltd.

Manager TitleAgeSince
Chief Executive Officer 64 19/11/2013
Director of Finance/CFO - 31/12/2023
Compliance Officer - -
Chief Investment Officer 61 31/12/2023
Chief Tech/Sci/R&D Officer - -

Composition of the Board of Directors: Keppel Ltd.

Director TitleAgeSince
Director/Board Member 64 31/12/2013
Director/Board Member 66 31/10/2019
Director/Board Member 74 01/01/2020
Director/Board Member 73 30/06/2021
Director/Board Member 56 30/04/2022
Director/Board Member 61 30/04/2022
Director/Board Member 59 30/06/2023
Director/Board Member 54 -
Chairman 66 16/04/2026
Director/Board Member 61 30/06/2026

Shareholders: Keppel Ltd.

NameStocks%Valuation
Temasek Holdings Pte Ltd. (Investment Company)
20.84 %
379,349,821 20.84 % 3 209 M $
1.096 %
19,951,806 1.096 % 169 M $
Amova Asset Management Asia Ltd.
0.6387 %
11,627,800 0.6387 % 98 M $
0.5431 %
9,888,218 0.5431 % 84 M $
JPMorgan Asset Management (Singapore) Ltd.
0.429 %
7,809,700 0.429 % 66 M $

Holdings: Keppel Ltd.

NameStocks%Valuation
511,937,85720.93% 887 M $
1,283,172,61725.83% 853 M $
1,167,974,79519.19% 483 M $
19,951,8061.1% 169 M $
17,030,65814.9% 87 M $
72,972,2286.99% 13 M $
68,750,0004.78% 11 M $

Company details: Keppel Ltd.

Keppel Ltd.

Keppel Bay Tower

098632, Singapore

+65 6270 6666

http://www.keppel.com
address Keppel Ltd.(BN4)

Group companies: Keppel Ltd.

NameCategory and Sector
Financial Conglomerates
Financial Conglomerates
Trucks/Construction/Farm Machinery
Trucks/Construction/Farm Machinery
Real Estate Development

Consumer Goods Conglomerates

Change 5-day change 1-year change 3-year change Capi.($)
-1.40%-1.57%+40.20%+65.20% 15.99B
-0.34%-0.51%+3.69%+40.59% 1,063B
+0.05%-0.08%-5.10%-4.12% 225B
-2.30%+0.36%+11.36%+166.80% 133B
-1.19%+1.47%+0.50%+57.17% 84.37B
-2.45%+2.69%+7.12%+9.91% 81.41B
-3.71%-3.59%+13.72%+480.87% 79.08B
-0.58%-0.62%-52.80%-45.95% 71.71B
-5.22%-7.84%+72.72%+163.95% 71.39B
+0.73%+2.49%-3.80%-15.24% 24.46B
Average -1.64%+0.99%+8.76%+91.92% 185B
Weighted average by Cap. -0.90%+0.04%+4.30%+63.34%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
11.30SGD
Average target price
12.59SGD
Spread / Average Target
+11.45%

Quarterly revenue - Rate of surprise