This week’s edition of stock highlights focuses on the latest business updates from three blue-chip businesses.
Keppel Corporation Limited (SGX: BN4)
Offshore and marine (O&M) conglomerate Keppel Corporation reported a turnaround in fortunes for the first nine months of 2021 (9M2021).
The group chalked up a net profit for the period, reversing last year’s net loss.
Keppel saw broad-based revenue growth across all its divisions, with group revenue up 14% year on year from S$4.8 billion to S$5.5 billion.
The firm’s O&M net order book rose sharply from S$3.3 billion at the end of 2020 to S$5.5 billion as of the third quarter of 2021 (3Q2021).
Five major projects were delivered on time and without incident, resulting in clients awarding the division with project incentives.
Keppel’s energy and environment division continues to pursue opportunities in renewables, low-carbon, and decarbonisation solutions.
The division recently began offering energy-as-a-service to help defray its client’s energy costs in a partnership with real estate firm Perennial Holdings....