Keppel T&T

Re: Keppel T&T

Postby winston » Wed Oct 20, 2010 8:19 am

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Keppel T&T said its third quarter net profit rose 20 percent to S$15.7 million ($11.97 million) from S$13 million a year earlier although its revenue dropped 5 percent to S$28.2 million due to the winding down of its network engineering business.

Source: Reuters
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Re: Keppel T&T

Postby winston » Wed Jun 29, 2011 12:53 pm

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Logistics firm Keppel Telecommunications & Transportation surged 4.6 percent to S$1.37 after CIMB Research started coverage with an outperform rating.

The brokerage, which set a target price of S$1.57 for the firm, said that KPTT's data-centre operations is a key growth driver and the firm is also expected to increase warehouse capacity in Singapore and China.


Source: Reuters
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Re: Keppel T&T

Postby winston » Thu Jan 19, 2012 11:04 am

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Singapore's Keppel Telecommunications & Transportation said on Wednesday its full-year net profit for 2011 jumped 38 percent from a year earlier to S$79.4 million ($62.05 million), partly helped by higher contribution from its data centre business.

Source: Reuters
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Re: Keppel T&T

Postby winston » Wed Jul 18, 2012 8:55 am

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Logistics firm Keppel T&T said its second-quarter net profit fell 19.2 percent to S$14.3 million from a year ago, hurt by an increase in overheads and lower sundry income.


Source: Reuters
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Re: Keppel T&T

Postby behappyalways » Mon Nov 10, 2014 4:13 pm

Keppel T&T proposes Mainboard listing of Keppel DC REIT
http://sbr.com.sg/information-technolog ... el-dc-reit
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Re: Keppel T&T

Postby behappyalways » Fri Sep 23, 2016 3:37 pm

Will Keppel T&T be able to ride on growing demand for data centres?
http://sbr.com.sg/telecom-internet/news ... ta-centres
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Re: Keppel T&T

Postby winston » Thu Oct 20, 2016 8:35 am

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Keppel T&T's 3Q earnings more than quadruple to $69.9 mil; announces $4.6 mil logistics acquisition

By Jude Chan

SINGAPORE (Oct 19): Keppel Telecommunications & Transportation has posted earnings of $69.9 million for 3Q16, an increase of 356.5% compared to earnings of $15.3 million in the same period last year.

Keppel T&T says in a SGX filing on Wednesday that this was mainly due to higher contribution from its data centre division which saw a one-time gain on disposal of 50% interest in a subsidiary in July, as well as fair value gain on the 50% retained interest.

In addition, Keppel T&T saw upwards adjustment to gains from the two data centres disposed in December 2014.

Revenue fell 8.7% to $46.5 million for 3Q, from $50.9 million in the same quarter last year, mainly due to lower revenue from Keppel T&T’s logistics division.

Year to date, Keppel T&T’s logistics division saw revenue decrease by $10.0 million to $106.1 million for 9M16, mainly due to lower warehousing and port operations revenue.

Its data centre division saw revenue of $38.9 million for 9M16, $7.0 million higher than the same period last year, due largely to higher co-location service income in Keppel DC Singapore 3 and Keppel Almere.

Keppel T&T’s investments division saw profit before taxation of $22.9 million, $5.9 million lower compared to the same period last year. This was mainly due to lower contribution from associated companies and lower dilution gain on investment in associated companies.

“With few signs of recovery in trade and manufacturing across Asia, the operating environment for logistics remained challenging,” Keppel T&T says. “Going forward, the Division is looking at expanding its capabilities to provide more value-added services to customers, tapping on the key growth trends in Asia Pacific.

In line with this, Keppel T&T on Wednesday also announced that its wholly-owned subsidiary, Keppel Logistics, is investing up to $4.6 million to acquire a 59.6% stake in e-commerce logistics service provider Courex, including funding for expansion.

Keppel Logistics will pay $758,326 to acquire Lee Kok Tong’s entire interest in Courex, comprising 60,200 ordinary shares representing 59.6% of the issued and paid up capital of the company.

In addition, Keppel Logistics will extend a convertible loan of up to $3.84 million to Courex for the purpose of repaying outstanding loans owing to Lee Kok Tong and as working capital.

Keppel T&T says the investment will be funded by shareholder funds.

“We are seeing rapid growth in the e-commerce space, in turn driving rapid changes in the logistics sector,” says Keppel T&T CEO Thomas Pang.

“Our investment in Courex is part of Keppel T&T’s strategy to strengthen our position as a leading third-party logistics player in Singapore, and to equip us with additional capabilities so that we may tap the growth of the burgeoning e-commerce sector in Singapore and Southeast Asia,” Pang adds.

Courex founder Joe Choa Soon Heng, who holds the remaining 40.4% interest in Courex, will continue to lead the company post-acquisition.

Keppel T&T closed 1.9% lower at $1.80 on Wednesday.

Source: The Edge

http://smr.theedgemarkets.com/article/k ... 0-87358173
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Re: Keppel T&T

Postby winston » Thu Oct 20, 2016 2:21 pm

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The Preferred Vendor For Tackling Cloud DC Shortage

KPTT’s 3Q16 results came in largely in line as the stellar performance of the DC division was offset by the weak performance of the logistics and investment division.

Going forward, we note a supply shortage for cloud DCs and we believe KPTT is the answer, with it being a preferred vendor in the sector.

With the recent disposal of KDC SG 3 and the ADCF, KPTT is poised for tremendous growth.

Reiterate BUY with target price raised to S$2.36 on the back of brighter prospects.

Source: UOBKH

https://research.uobkayhian.com/content ... 301a2f8651
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Re: Keppel T&T

Postby behappyalways » Sat Mar 18, 2017 8:15 pm

Keppel T&T sells stake in HK airfreight terminal for $45 mil
http://www.theedgemarkets.com.sg/articl ... nal-45-mil
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Re: Keppel T&T

Postby behappyalways » Wed Apr 19, 2017 7:58 pm

Keppel T&T 1Q earnings drop 13% to $11.6 mil on lower revenue
http://www.theedgemarkets.com.sg/articl ... er-revenue
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