Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 19 Oct 2017, 09:47 AM

 

Keppel Corporation: Strengthening Presence in Indonesia

Author:   |    Publish date:


Keppel Land recently announced that a whollyowned subsidiary has entered into a conditional sales and purchase agreement with Bank Central Asia to acquire a prime site in Jakarta’s central business district for a total consideration of Rp 586b (~S$60m). The plan is to develop a premium high-rise tower which could yield about 400 luxury apartments; total development cost is estimated to be S$170m.

With a GFA of about 390k sf, the site sits along the main thoroughfare of Jalan Jenderal Sudirman and is adjacent to KepLand’s commercial development, International Financial Centre Jakarta. This premium high-rise tower will meet the needs of a growing expatriate and local business community seeking well-located apartments in the city centre.

Looking ahead, Indonesia is likely to remain one of Keppel Land's key growth markets and we expect more upcoming developments.

Maintain BUY with S$7.36 fair value estimate on Keppel Corporation.

Source: OCBC Research - 22 Sept 2017

Share this
Labels: Keppel Corp

Related Stocks

Chart Stock Name Last Change Volume 
Keppel Corp 7.09 -0.04 (0.56%) 1,584,000 

  Be the first to like this.
 


 

118  113  187  651 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Rowsley 0.137-0.001 
 IPCO Intl 0.003+0.001 
 Noble 0.210.00 
 Alliance Mineral 0.375-0.01 
 LifeBrandz 0.0040.00 
 MagnusEnergy 0.0010.00 
 HPH Trust USD 0.455+0.01 
 KrisEnergy 0.1150.00 
 Jiutian Chemical 0.041+0.001 
 ThaiBev 0.97+0.005 

TOP ARTICLES

1. SATS Limited: Entered Into a MOA With Turkish Airlines SGX Stocks and Warrants
2. China State Construction International: On Track to Deliver SGX Stocks and Warrants
3. Q&A : Bitcoin STE's Stocks Investing Journey
4. M1 Ltd: 9M17 Largely In-line With Expectations SGX Stocks and Warrants
5. Keppel DC REIT: 3Q17 Results In-line With Expectations SGX Stocks and Warrants
Partners & Brokers