Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 15 Feb 2018, 03:49 PM

 

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 7.94 +0.14 (1.79%) 2,202,000 

Market Buzz

Date Type Subject
15-Feb-2018 Announcement Employee Stock Option/ Share Scheme::NOTICE OF TRANSFER AND USE OF TREASURY SHARES
13-Feb-2018 Announcement General Announcement::CIVIL ACTION BY EIG FUNDS
13-Feb-2018 Announcement General Announcement::US$800M MULTICURRENCY MTN PROGRAMME OF KEPPEL LAND LIMITED - MODIFICATIONS TO AGENCY AGREEMENT
11-Feb-2018 Announcement General Announcement::Civil Action by EIG Global Energy Partners

  Be the first to like this.
 


 

205  102  208  545 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ThaiBev 0.85-0.06 
 Jiutian Chemical 0.07+0.009 
 HSI29600MBePW.. 0.042-0.039 
 MarcoPolo Marine 0.041+0.002 
 HSI32000MBeCW.. 0.125+0.036 
 HSI30800MBeCW.. 0.15+0.049 
 HSI28800MBePW.. 0.027-0.026 
 Genting Sing 1.24+0.02 
 HSI31800MBeCW.. 0.06+0.026 
 HSI33000MBeCW.. 0.067+0.022 
Partners & Brokers