OCBC Investment Research in a NOv 30 research report says: “The Marina Bay Suites (MBS) was finally previewed last week and saw exceptional demand from buyers on the first day of the preview. We are now raising our average selling price assumption for MBS to $2,500.
Posts Tagged ‘Keppel’
Keppel Group begins work on 35.4-ha startup site of Tianjin Eco-City
November 27th, 2009 |
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Keppel Corporation says the group has began work today on its 35.4-ha site in the Start-Up Area of the Sino-Singapore Tianjin Eco-City.
Keppel Land, appointed project manager, has brought together an international team to lend expertise and share best practices in the Keppel development comprising Palmer & Turner Consultants; Rocky Mountain Institute, a renowned US-based consultant on sustainable solutions; Parsons Brinkerhoff, one of the leading engineering consultancy firms with vast experience in China and eco-projects and internationally acclaimed landscape consultant, EDAW.
Rigbuilder Keppel wins two deals worth $165m
November 25th, 2009 |
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Keppel Corp (KPLM.SI), the world’s top offshore oil rig builder, said today its subsidiaries have won two contracts worth a total of about $165 million.
Keppel Corporation rated buy
November 25th, 2009 |
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AmResearch in a Nov 23 research report says: “Keppel Corp’s (Keppel) wholly-owned Keppel FELS Brasil has secured US$304 million ($443 million) contracts to upgrade and repair two of Noble Corp’s (Noble) Brazil-based drillships. Assuming that Keppel has secured 60% of the P-61 dry-tree tension leg wellhead platform for Brazil’s Papa Terra project, we estimate that Keppel’s new orders has reached US$1.5 billion since beginning of this year.
Nov 24: Cosco, DMX Technologies, Keppel, property stocks
November 24th, 2009 |
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close. Singapore’s Straits Times Index advanced 1.3% to 2,797.88 last night.
Asian stocks are likely to rise today after strong US home sales data fuelled optimism about the strength of the economic recovery and as a weaker dollar boosted commodity shares, sending Wall Street higher.
Keppel to build Vietnam’s first semi-submersible drilling tender for $277m
November 23rd, 2009 |
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Keppel Corp says unit Keppel FELS has received a Letter of Award from PetroVietnam Drilling and Well Services Corporation (PV Drilling) to build the country’s first semi-submersible drilling tender assist rig worth about US$200 million ($277.3 million).
The formal rig contract is expected to be finalised shortly in December 2009.
Hyflux, Indo Agri, Keppel, Sembcorp up as of midday
November 23rd, 2009 |
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Singapore’s Straits Times Index gained 0.5% to 2,774.57 as of the 12:30 p.m. trading break. Three stocks advanced for each that fell on the 30-member gauge. The following shares were among the most active in the market.
Hyflux (HYF SP), Singapore’s biggest publicly traded water utility company, added 0.7% to $3.07. The company said it won a $95 million water desalination project in Oman.
Nov 23: Cosco, Keppel, SembCorp Industries
November 23rd, 2009 |
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The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Share prices are from the previous close.
Singapore’s Straits Times Index was little changed at 2,761.54 last Friday. Asian stocks are seen trading weaker on Monday following a soft session on Wall Street last Friday on worries about an anaemic recovery, while tech stocks could come under pressure after Dell (DELL.O) results missed expectation.
Keppel wins US$304m contract to upgrade, repair drillships
November 23rd, 2009 |
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Keppel Corp. said its unit won contracts worth US$304 million ($422 million) from Noble Corp. to upgrade and repair two drillships in Brazil, according to a statement to the Singapore exchange.
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Keppel to list ‘Green Trust’ when market conducive
November 4th, 2009 |
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Keppel Corp., the world’s biggest maker of shallow-water oil rigs, plans to sell shares in a trust that will manage incineration facilities and a water treatment plant when market conditions are conducive.
“I don’t believe it will be long before it gets listed,” Teo Soon Hoe, finance director at Keppel, said today in Singapore. The company may consider injecting further assets into the “Keppel Green Trust,” Teo said.
Keppel eyes $2b orders in 2010, Brazil expansion
October 29th, 2009 |
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Keppel Offshore and Marine, the world’s largest offshore oil rig builder, is aiming to secure $2 billion worth of new orders in 2010 as oil prices return to levels that it sees sustaining exploration projects.
Tong Chong Heong, Chief Executive of Keppel Offshore and Marine, a unit of Keppel Corp (KPLM.SI), told Thomson Reuters that the company is looking to expand through acquisitions of troubled assets in areas such as Brazil, Mexico and the Caspian.
Keppel FELS delivers two rigs ahead of schedule
October 27th, 2009 |
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Keppel FELS has delivered two rigs safely, ahead of schedule and within budget to owners.
The KFELS B Class jackup rig, Greatdrill Chitra, was delivered to India’s Greatship Global Energy Services 12 days ahead of schedule, earning Keppel FELS a bonus of $300,000.
Keppel Shipyard on track to complete first FPSO BW Pioneer for Gulf of Mexico
October 26th, 2009 |
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Keppel Shipyard, a wholly-owned subsidiary of Keppel Corporation, says it is on track to deliver the first floating production storage and offloading (FPSO) vessel BW Pioneer for the US Gulf of Mexico to BW Pioneer, an affiliate of BW Offshore.
Keppel Shipyard says BW Pioneer will be turret-moored at a water depth of about 2,600 metres — by far the deepest for an FPSO.
Keppel Corp. rises after posting higher 3Q earnings
October 23rd, 2009 |
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Keppel Corp., the world’s largest oil-rig maker, rose after saying third-quarter profit climbed 17% from a year ago on higher margins at its offshore-structures division and rising property sales.
The stock climbed 1.3% to $8.29 as of 9:15 a.m. in Singapore. Keppel advanced 91% this year, compared with a 53% gain for the benchmark Straits Times Index.
Keppel Corp. profit rises on rig margins, property
October 22nd, 2009 |
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Keppel Corp., the world’s largest oil-rig maker, said third-quarter profit climbed 17% on higher margins at its offshore-structures division and rising property sales.
Net income climbed to $319.6 million, or 20 cents a share, from $272.9 million, or 17 cents, a year earlier, the company said today in a statement to the Singapore stock exchange. Sales dropped 5.5% to $3.04 billion.
Keppel Land 3Q net rises 70% to $78.5m
October 21st, 2009 |
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Keppel Land, the property developer partly owned by the world’s largest builder of oil rigs, said third-quarter net income rose 70% to $78.5 million as property markets across Asia strengthened amid signs of economic recovery.
Capitalising on demand for mid- and higher-end homes, Keppel Land launched Madison Residences and Caribben Residences as well as soft-launched The Promont in 3Q, all of which it says enjpyed strong takeup.
Keppel O&M JV signs LOI with Petrobras JV to build P-61 wellhead platform
October 9th, 2009 |
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Keppel Corporation says Keppel Offshore & Marine’s 50-50 joint venture with J. Ray McDermott FloaTEC Singapore has concluded the negotiation to clinch the P-61 Tension Leg Wellhead Platform (TLWP) contract from Papa-Terra JV, made up by Petrobras and Chevron.
Keppel Corp says a letter of intent to build the unit for Papa-Terra field has been signed.
The contract is expected to be signed at a later date.
The letter of intent is not expected to have material impact on the net tangible assets or earnings per share of Keppel for the current financial year.
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Keppel FELS delivers 2nd Maersk DSS 21 semisubmersible
August 24th, 2009 |
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Keppel Corporation says unit Keppel FELS says it has delivered the second of three DSS 21 deepwater rigs to Maersk Drilling on Aug 22.
Maersk Discoverer has been contracted by Woodside Energy for drilling operations in Australia for three years.
Tong Chong Heong takes over as Chairman of Keppel Integrated Engineering
August 3rd, 2009 |
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The Board and Management of Keppel Integrated Engineering (KIE) announces that Tong Chong Heong will take over from Wong Boon Kong as Chairman of KIE with immediate effect.
Tong, who is also currently the Chief Executive Officer (CEO) of Keppel Offshore & Marine, has been serving as a Board Member of KIE since 1999.