Keppel Corporation Highlights Strategic Growth Drivers at Citi APAC Conference (24 June 2025)
Summary:
Keppel Corporation presented its investment case at the Citi Asia Pacific Conference, emphasizing its transformation into a global asset manager and operator. Key themes included:
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Asset-Light Growth: Focus on fee-based income and capital recycling to drive higher returns.
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Robust Business Model: Four synergistic segments—Infrastructure, Real Estate, Connectivity, and Asset Management—are designed to capture secular growth trends like energy transition, digital connectivity, and sustainable urbanization.
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Financial Strength: FY2024 net profit hit S$947 million, with a solid ROE of 9.2%. AUM reached S$55 billion.
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Dividend Commitment: 60–80% payout ratio maintained.
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Strategic Outlook: Target to grow recurring income and AUM to over S$100 billion in the medium term, positioning Keppel as a leading global sustainable solutions provider.