Chinese projects to boost Keppel's earnings by at least 60%

Thanks to its projects in Wuxi and Tianjin.

Keppel Corporation’s (Keppel) property earnings will largely come from China, as profits from property trading in the country can grow 60-85%, UOB Kay Hian said.

According to an analysis, this will primarily be driven by phased project launches from Tianjin Eco-city and secondary contributions from projects in Wuxi.

Moreover, if it manages to sell its projects in non-core cities in China, Revalued Net Asset Value (RNAV) could rise by 15 cents to $5.66 per share.

China's property cooling measures implemented earlier this year have impacted Keppel’s home sales.

This was most apparent in 3Q2017, where homes sales fell 48% YoY.

"However, its projects still retain pricing power, with prices remaining flat despite the measures. Sales continue at a steady clip, though the coming quarters will reveal whether this remains the case," said UOB Kay Hian analyst Foo Zhi Wei.

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