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Headliners (Keppel Corp, Yangzijiang, Mapletree Commercial Trust, Keppel T&T)
Headliners | 07 December 2012
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By: Jade Lee
Articles (97) Profile

Keppel Corp Inks US$1.2b Contract To Build Customised Rigs For The Black Sea
Keppel Corporation had signed a contract with Ukraine state energy firm Naftogaz to build two semi-submersible drilling rigs worth about US$1.2b. The rigs will be built based on Keppel FELS’ proprietary DSS TM 38U design which is customised for the Black Sea environment. “We have a suite of proprietary semisubmersible designs capable of operating in all frontiers. Coupled with our experience in building harsh environment rigs and the strong partnership we have built up with Naftogaz, we are confident of delivering robust, high quality rigs that will excel in operations in the Black Sea,” said Wong Kok Seng, managing director (Offshore) of Keppel O&M and managing director of Keppel FELS. According to Ukraine’s official estimates in 2011, the country claims proven reserves of natural gas (1,200b cubic meters) and oil and gas condensate (220m tons).

Yangzijiang Clinches First Offshore Oil & Gas Order Worth US$170m
Yangzijiang Shipbuilding (Holdings) has clinched its first offshore oil and gas order to construct and deliver a Letourneau Super 116E Class design self-elevating mobile offshore jack-up drilling rig worth US$170m ($207m). The contract was signed between Yangzijiang’s 78% owned Jiangsu Yangzijiang Offshore Engineering and Explorer I, which is wholly-owned by Mena Offshore Investments and managed by Offshore Logistics. The rig will be capable of drilling to 30,000 feet depth and operate in 350 feet depth. To be constructed at Yangzijiang’s existing shipyard, Jiangsu New Yangzi and integrated at Yangzijiang new offshore base in Taicang, the unit will be slated for delivery by 2Q15.

Mapletree Commercial Trust To Buy Mapletree Anson For $680m
Mapletree Commercial Trust (MCT) has entered into a conditional sale and purchase agreement with Mapletree Anson to acquire a building known as Mapletree Anson for $680m. The purchase marks MCT’s maiden acquisition since its listing in Apr-11. Strategically located in the CBD area and is well connected to major arterial roads and expressways, the property has attracted a strong and diverse tenant base and has an occupancy rate of 95.6% as at 30 Sep-12. The property comprises 16 floors of office space with a net lettable area of 331,854 square feet (as at 30 Sep-12), two levels of carpark space with a total of 80 car park lots and a main lobby on the ground level. The property was completed in Jul-09 and is one of the first buildings in Singapore awarded the Green Mark Platinum certification by BCA (Building & Construction Authority of Singapore), the highest accolade for environmentally sustainable developments in Singapore.

Keppel T&T Takes On Indonesia
Keppel Logistics, the logistics arm of Keppel Telecommunications & Transportation (Keppel T&T) entered into a joint venture with PT Puninar Jaya (Puninar Logistics), one of the largest private third party logistics service providers in Indonesia. The agreement will see the establishment of PT Keppel Puninar Logistics, the joint venture company which Keppel Logistics will have a 49%-stake in. A total of 1.2b Indonesian rupiah ($155,573) in cash contribution from Keppel Logistics will be made to subscribe to the stake. The integrated logistics services that synergises Keppel Logistics’ strengths with Puninar Logistics’ wide domestic distribution network and storage capabilities, will provide customised and cost-effective integrated logistics services, with a focus on the growing fast moving consumer goods, retail and healthcare sectors in Indonesia. Chief executive officer of Keppel T&T, Pang Hee Hon said “Indonesia’s economic growth has been supported by large domestic consumption and rising incomes, particularly in the middle-income segment. The rise in consumerism creates a growing demand for quality logistics services, especially in sectors such as retail and healthcare.”

Jade manages and oversees a portfolio of stocks which are mainly focused on the mining and property sectors at Shares Investment.

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Keppel Corp  5.980 +0.04 +0.67%   
Business: [FY18 Turnover] Infrastructure (44.1%), offshore & marine (O&M) (31.4%), property (22.5%), investments (2%).

Insight: Apr-19, 1Q19 revenue rose 4.1% underpinned by high... Read More
Yangzijiang Shipbuilding (Hldgs)  0.970 -- --   
Business: Co is one of the largest non-state owned shipbuilders in China. [FY18 Turnover] Shipbuilding (58.1%), trading (32.8%), investments (6.7%), others (2.4%).

Insight: Apr-19, 1Q19 revenue jumped 26.8% to Rmb6.3b due t... Read More
Mapletree Commercial Trust  -- -- --   
Business: Invest in income producing real estate used for office & retail purposes.

Insight: Apr-19, FY19 revenue inched up 2.4% due to higher ... Read More

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