Analysts' eyes set on Keppel's two key management changes

Potential shift in asset allocation anticipated.

Keppel’s 2Q13 net profit of SGD347m (-3% QoQ, -33% YoY) lifted 1H13 net profit to SGD704m (-45% YoY). While OSK-DMG Research expects to significat reaction to the results,it says that thekey focus will be on the leadership change, with CFO Mr Loh Chin Hua taking over as CEO from Mr Choo Chiau Beng on 1 Jan 2014.

Here's more from OSK-DMG Reseearch:

2Q13 net profit of SGD347m (-3% QoQ, -33% YoY) lifted 1H13 net profit to SGD704m (-45% YoY), making up 52% of our FY13 estimate. We see this set of results as slightly above as Offshore & Marine (O&M)’s operating margins held up well at 14.2% (1H13: 14.1%) and infrastructure earnings are likely to improve in 2H13 thanks to Merlimau plant start-up. Group’s outlook is mixed as solid O&M market is offset by property policy headwinds.

The key focus in the next six months will be the leadership change with CFO Mr Loh Chin Hua taking over as CEO from Mr Choo Chiau Beng (1 Jan 2014) and Keppel O&M COO MrChow Yew Yuen replacing Mr Tong Chong Heong as CEO of Keppel
O&M (1 Feb 2014).

While we don’t expect a sharp strategy change, we note Mr Loh has a strong background in property fund and may lead to potential shift in asset allocation to property related business.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia