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Keppel Corporation Limited ( (SG:BN4) ) has provided an update.
Keppel Corporation’s recent financial results highlight its strategy of maintaining a high return on equity (ROE) by leveraging an asset-light model and monetizing non-core assets. The company aims to reduce debt and return capital to shareholders, enhancing its financial position. With a net asset value (NAV) of $4.7 billion in its non-core segment, Keppel plans to unlock value by reducing debt and realizing cash and receivables. Additionally, Keppel is considering a $500 million share buyback, despite its stock trading above NAV, as part of its capital management strategy.
The most recent analyst rating on (SG:BN4) stock is a Buy with a S$9.25 price target. To see the full list of analyst forecasts on Keppel Corporation Limited stock, see the SG:BN4 Stock Forecast page.
More about Keppel Corporation Limited
Keppel Corporation Limited operates in various sectors including asset management, real estate, infrastructure, and connectivity. The company employs an asset-light model, focusing on organic growth and monetizing non-core assets to fund new growth and reduce debt.
Average Trading Volume: 4,422,755
Technical Sentiment Signal: Buy
Current Market Cap: S$14.3B
Find detailed analytics on BN4 stock on TipRanks’ Stock Analysis page.