Keppel Corporation is a Singaporean conglomerate which has several affiliated business segments that operate in the following industries (the segments’ percentage contribution to the group’s FY2019 revenue in brackets):
- Infrastructure (39%): Energy and environmental infrastructure, logistics, and data centres
- Offshore & Marine (O&M) (29%): Offshore rig design, construction, ship design and repair
- Property (18%): Property development
- Investments (14%): Asset management, master development
Keppel has operations worldwide from the Middle East to North America to Brazil. However, it usually draws the bulk of its revenue from Singapore, followed by China.
I attended Keppel’s virtual AGM to find out more about how COVID-19 has impacted its operations and about its touted
Vision 2030. So here are 10 things I learned from Keppel’s 2020 AGM:
1. Keppel’s revenue increased 27% y-o-y to S$7.6 billion in FY2019. This was due to the increase in revenue in Keppel’s O&M, Infrastructure, and Investments segments. A look at Keppel’s financial statements reveal a new driver for this growth....
