Back 23 Jun 2025

Keppel Corporation Highlights Strategic Growth Drivers at Citi APAC Conference (24 June 2025)

Link: https://links.sgx.com/1.0.0/corporate-announcements/O4FEOZOWELX344H9/7409620e83ca69d1f3b1218768b828685b7405296ca15478ab7a91cfd4146855

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:

  • Asset-Light Growth: Focus on fee-based income and capital recycling to drive higher returns.

  • 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.

  • Financial Strength: FY2024 net profit hit S$947 million, with a solid ROE of 9.2%. AUM reached S$55 billion.

  • Dividend Commitment: 60–80% payout ratio maintained.

  • 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.