Reward 500 Tiger-coinsKeppel group delivers strong results this earnings season — except for $KepPacOakReitUSD(CMOU.SI)$ , which has fallen for three straight days.
$Keppel(BN4.SI)$ rises 3.67% to close at S$8.48, bringing its ytd gain to 27.63%.
The company reported a net profit of S$431 million, up 25% year-on-year.
Adjusted net profit came in at S$431 million, a 25% increase driven by stable and strong performance in the infrastructure and real estate segments.
Recurring income rose 7% to S$444 million, indicating a more stable profit structure.
Year-to-date, Keppel has completed about S$915 million in asset divestments, with another S$500 million expected by year-end.
The interim dividend was maintained at 15 cents per share, and the group announced a new S$500 million share buyback plan, with shares to be held as treasury stock.
Earlier this week, Keppel REIT and Keppel DC REIT both gained around 2% following their earnings announcements.
Keppel REIT’s H1 2025 DPU fell 2.9% to S$0.0272. Distributable income dropped 1.4% to S$95.5 million, due partly to 25% of management fees being paid in cash.
Despite lower payouts, property income rose 9.1% to S$136.5 million and NPI grew 11.8% to S$108.3 million, mainly from better performance at Australian assets.
Gross revenue rose 34.4% year-on-year to S$211.3 million;
Net property income increased 37.8% to S$182.8 million;
Distributable income to unitholders surged 57.2% to S$127.1 million; DPU climbed 12.8% to 5.133 cents.
Questions for discussion
With Keppel’s consistent performance and new share buyback plan, is it a good long-term hold in your portfolio?
Is the dip in CMOU an opportunity to buy the laggard in the Keppel family?
How do you see Keppel balancing infrastructure growth and asset divestments in the coming quarters?
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Comments
The dip in KepPacOakReitUSD (CMOU) reflects deeper structural issues, including dividend suspension and sustained weakness in the U.S. office market, which classifies it as a risky, speculative play。。。
Keppel is executing a capital recycling strategy by divesting non-core assets and reinvesting in infrastructure and fund management, boosting recurring income growth and strengthening its balance sheet。。。
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@Huat99
Despite CMOU.SI’s recent dip, I see it as a potential bargain within the Keppel group. The weakness may be sentiment-driven, and I’m watching for signs of recovery or value re-rating as market conditions shift. If fundamentals remain stable, this pullback could present a good entry point for long-term investors.
Keppel’s strategy of divesting lower-yield assets while growing infrastructure and data segments looks sustainable. It allows for capital recycling without hurting recurring income, supporting long-term value creation. I’ll continue to hold and monitor for further upside.
@Tiger_SG @TigerStars @Tiger_comments
@Tiramisu2020