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The latest announcement is out from Keppel Corporation Limited ( (SG:BN4) ).
Keppel Corporation recently discussed its financial results for FY 2024, emphasizing the impact of digitalization on its operations, particularly through its telecommunications arm, M1. Despite a shrinking postpaid subscriber base, M1 is achieving higher EBITDA margins due to cost reductions facilitated by increased digital engagement and a growing SIM-only customer base. Additionally, Keppel is undertaking two new subsea cable projects that aim to connect Southeast Asia with North Asia, though specific details and pricing remain undisclosed. These projects are expected to enhance Keppel’s position in the connectivity sector, with the immediate focus on delivering the Bifrost system by the end of 2025.
More about Keppel Corporation Limited
Keppel Corporation Limited is a prominent Singaporean conglomerate with diverse operations across several sectors, including infrastructure, connectivity, and real estate. The company focuses on delivering sustainable urbanization solutions, and its portfolio includes fund management, investment, and technological development, particularly in telecommunications and subsea cable infrastructure.
YTD Price Performance: -3.07%
Average Trading Volume: 2,936,086
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$11.81B
Find detailed analytics on BN4 stock on TipRanks’ Stock Analysis page.
