Maybank keeps Keppel Ltd. at Buy on steady strategy execution
Maybank Securities analyst Krishna Guha keeps a buy rating and S$13.00 target on Keppel Ltd. after a 51% stake sale to Keppel REIT.
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what happened
Maybank Securities keeps its buy rating on Keppel Ltd., saying the Singapore asset manager is steadily executing a strategy that combines asset management with operations, according to Market Talk citing analyst Krishna Guha. Keppel is selling a 51% stake in an asset to Keppel REIT. The deal lifts its asset monetization progress to S$3.7 billion, while the property stays under its management and keeps generating recurring fee income.
The analyst also said Keppel's Singapore power plant could appeal to data center tenants, since it sits close to a growing data park in the city-state. Maybank Securities keeps its target price at S$13.00. During trading, the shares fell 0.3% to S$10.12.
why it matters
For investors, the key point is a model that sells assets while keeping income from managing them. This approach depends less on one-off sales and can support interest in the stock. The view reflects the analyst's assessment of the business model and is not a forecast of share price moves.
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sources
- Keppel Ltd. Retains Bull on Steady Strategy Execution — Market Talk, 22 October 2026 at 02:56 UTC
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