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Post by odie on Sept 18, 2014 13:27:08 GMT 7
The Company traces its origins to Straits Steamship Company Ltd, incorporated in 1890 in Malacca,as a partnership between British and Chinese interests providing regional and coastal shipping services. In 1989, it was renamed Steamers Maritime Holdings Ltd. Â The Group moved into telecommunications in 1990 when it acquired a 30 percent interest in Folec Communications. In 1997, the company was renamed Keppel Telecommunications & Transportation Ltd. That same year, MobileOne Ltd was launched as Singapore's second cellular operator. The principal activity of Keppel T&T is that of an investment holding and management company. The Group's activities consist of network engineering services, systems integration and telecommunications technology solutions, logistics warehousing and distribution services, container and transportation services, supply chain solutions, ship owning and chartering and ship management services.The Company will focus and build network engineering as its core business.
source: shareinvestor
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Post by odie on Sept 18, 2014 13:28:53 GMT 7
Resignations hit Keppel T&T ahead of Reit listing
08 May 2014 08:50
Resignations hit Keppel T&T ahead of Reit listing
Section: Front Page
By: ANITA GABRIEL
Publication: The Business Times 01/05/2014
anitag@sph.com.sg
@anitagabrielbt
Singapore
SEVERAL senior resignations in recent weeks at Keppel Telecommunications and Transportation (Keppel T&T) and its data centre business could raise questions over its highly anticipated listing of the unit.
The Business Times understands that Keppel T&T's chief executive officer, Pang Hee Hon, plans to step down from the post which he has held since January 2010. The decision takes place at a pivotal time when Keppel T&T is readying itself for a milestone transaction - to spin off its data centre business and list it as a real estate investment trust (Reit) on Singapore Exchange's mainboard.
Mr Pang's impending resignation follows on the heels of other departures at Keppel T&T's data-centre business, more specifically at Securus Data Property Fund, which is at the heart of the assets to be injected into the to-be-listed Reit.
Just two weeks back, Bruno Lopez, the 49-year old who had managed the firm's data centre business and led many acquisitions in Asia and Europe, bowed out as chief executive of Keppel Data Centre. Keppel T&T announced Mr Lopez's resignation on April 17, which took effect on April 20, saying he was leaving "to pursue other career opportunities".
Mr Lopez was also co-fund manager of Securus, the world's first Syariah-compliant data centre fund and jointly managed by Keppel T&T's wholly owned subsidiary and Singapore-based private equity firm, AEP Investment Management (AEPim).
BT understands that two other key executives at Securus have also thrown in the towel: co-fund manager Jonathan King, who is also AEPim's principal and director, and Nicholas Toh, senior vice-president of investments.
When contacted, a Keppel T&T spokesman confirmed that Mr Pang "has expressed his desire to leave" the firm because of personal reasons.
"Keppel T&T is exploring its options, and will make an announcement at an appropriate time," said the spokesman, who confirmed that Mr King and Mr Toh have also tendered their resignations from Securus Fund.
The company is still exploring the plan to list a data centre Reit. "That plan has not changed and we will make an announcement in the event of any material development," the spokesman added.
The resignations could have something to do with disagreements over how to move forward with the IPO, including remuneration packages for executives, a source suggested. "Why would key people who have worked so hard to grow the data centre business, simply up and leave and give up the carrots now that the business is at the cusp of an IPO?"
When asked if the exodus could be due to some differences with Keppel T&T chairman Teo Soon Hoe over the impending IPO, the spokesman said: "We are not aware of any differences."
Securus Fund, deemed the prized asset in Keppel T&T's stable of data centre assets, has closed two rounds of capital raising so far, drawing in investors from the Middle East and Asia, including Brunei's Perbadanan Tabung Amanah Islam Brunei (TAIB) as cornerstone investor.
The departures have sparked concerns that the listing of its data centre operations, which has galvanised the stock since the January announcement, may be affected. Some had expected the listing to take place in the first half of this year.
"Spinning off the asset will unlock huge shareholder value, failing which Keppel T&T shareholders will be back to square one," said one analyst.
Shares of Keppel T&T, a subsidiary of Keppel Corp, which, in turn, is 20 per cent owned by Temasek Holdings, jumped on the listing news early this year to a six-year high of $1.87 on Jan 8. The shares closed at $1.785 yesterday.
The sizeable listing, which reportedly could raise some $500 million, is deemed a grand way to reward shareholders as the data centre business, a major sweet spot for the group, has notched up stellar growth.
Keppel T&T's recently released first-quarter scorecard attests to that; for the period ended March 2014, the data centre segment made some $6 million in net profit on the back of $14 million in revenue, churning out roughly a third of Keppel T&T's top and bottom lines.
The business is expected to gain more traction with the growth in cloud computing, e-commerce and social media.
"The data centre business is very niche and specialised and it's not easy to replace these talents quickly. No ship can run without the captain for too long," said an analyst.
source: The Straits Times/ The Business Times
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Post by odie on Sept 18, 2014 13:31:30 GMT 7
Keppel T&T mulls over S$500m REIT IPO, shares surge
Published: 4:03 AM, January 4, 2014
SINGAPORE — Keppel Telecommunications & Transportation said yesterday it was considering setting up a data centre real estate investment trust (REIT) to be listed on the Singapore Exchange, with people familiar with the matter saying the initial public offering would raise at least S$500 million by the end of March.
In a statement filed with the regulator, Keppel T&T said it was still reviewing the properties that would form the portfolio of the REIT, the terms at which the assets would be injected into the trust and other details of the proposed transaction, such as the size and the timeframe of the offering.
It added that the establishment and listing of the REIT would be subject to market conditions, the relevant regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties.
Despite the lack of details, the news sent Keppel T&T shares soaring 14.6 per cent yesterday to close at S$1.77 each, even as the benchmark Straits Times Index fell 1.4 per cent.
DBS Bank, Deutsche Bank, Goldman Sachs and Standard Chartered Bank are among the banks that are advising Keppel T&T on the IPO, the sources said.
Keppel T&T, a unit of Singaporean conglomerate Keppel Corp, operates data centres in Singapore, Malaysia, Australia and Europe. Along with AEP Investment Management, a Singapore-based firm that specialises in cross-border real estate investment strategies, it operates Securus Data Property Fund, a Syariah-compliant fund that invests in a global portfolio of high-quality data centre assets.
In the nine months ended Sept 30, revenue from Keppel T&T’s data centre division amounted to S$38.1 million, up nearly 14 per cent from the corresponding period a year earlier.
Keppel Corp, in which Temasek Holdings has a stake of more than 20 per cent, has business interests ranging from building rigs to real estate and owns about 80 per cent of Keppel T&T. DOW JONES
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Post by odie on Sept 18, 2014 13:35:40 GMT 7
zuolun bro, any views on this counter? CMF is blue  thanks and have a good day |
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Post by zuolun on Sept 18, 2014 17:02:30 GMT 7
zuolun bro, any views on this counter? CMF is blue thanks and have a good day odie, The CMF cannot be used as a stand-alone indicator; it is blue or trading above zero but it is now sloping downwards. Keppel T&T's chart pattern indicates that the major cheng kay is getting ready to run road liao...  One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1. Keppel T&T — Descending Triangle Formation, biased to the downside interim TP S$1.59  Keppel T&T (weekly) — Ascending Broadening Wedge, crucial support @ S$1.52  |
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Post by kenjifm on Sept 18, 2014 17:15:00 GMT 7
 Only If you are bearish bias. John. I can't draw nice image. Pai seh. |
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Post by zuolun on Sept 18, 2014 17:36:56 GMT 7
Only If you are bearish bias. John. I can't draw nice image. Pai seh. kenjifm, A break down to S$1.52 means SHOW-HAND and if it collapses to hit lower @ S$1.40... It's GAME OVER!  |
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Post by odie on Sept 18, 2014 18:30:24 GMT 7
 zuolun bro, thanks for guidance on cmf this looks like falling wedge but i am not sure if i have drawn this correctly |
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Post by odie on Oct 23, 2014 21:58:56 GMT 7
gap spotted at 167 and 169.5
and 161 and 159
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Post by zuolun on Oct 24, 2014 14:20:46 GMT 7
gap spotted at 167 and 169.5 and 161 and 159 odie, Keppel T&T — Severe Short-Squeeze  |
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Post by odie on Oct 24, 2014 18:37:29 GMT 7
thanks for advice zuolun bro |
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