Shares & Derivatives
Keppel Corp unveils 10-year roadmap with focus on four key segments
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 29, 2020
SINGAPORE conglomerate Keppel Corp has unveiled a 10-year roadmap that sharpens its focus on four key segments and on growing the units as an integrated business, with an eye on mergers and acquisitions and divestments of selected assets. Under Vision 2030, which was a year in the making and was completed last month, the diversified firm has redefined its various businesses into four areas - energy and environment, urban development, connectivity and asset management. Keppel, one of the world’s largest oil-rig makers, also wants to pivot away from lumpy project-based earnings towards recurring income, in hopes of being rewarded with a market re-rating. It also aims to crank up its efforts to meet a 15-per-cent return on equity (ROE) target. Keppel chief executive Loh Chin Hua told The Business Times: “This plan is a big step up (from Vision 2020 adopted in 2014). The Keppel of 2014 is very different from the Keppel of 2020. Much water has gone under bridge. My colleagues are bolder now....
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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