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    BN4   SG1U68934629

KEPPEL CORPORATION LIMITED

(BN4)
  Report
Delayed Singapore Stock Exchange  -  05:04 2022-09-26 am EDT
7.010 SGD   -2.77%
09/22Floatel International Ltd : Contract Extensions
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09/21Keppel Establishes Subsidiary in China To Create Smart Building Platform
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09/19Keppel Completes Share Buyback Program
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Founders of Singapore rubbish collector 800 Super close to sale deal -sources

08/16/2022 | 03:57am EDT

SINGAPORE (Reuters) - The founders of Singaporean rubbish collector 800 Super Waste Management, backed by private equity firm KKR & Co, are nearing a deal to sell the business which could value it at around $300 million, two sources with knowledge of the matter told Reuters.

The company, controlled by executive chairman Lee Koh Yong and his family, is working with at least one adviser on the sale and could close the deal as early as this month, the sources said, declining to be identified as the information is confidential.

Final bidders for 800 Super include Australia's Macquarie Asset Management and KKR, which funded 800 Super's 2019 management-led buyout from the local bourse and owns a minority stake in the company, the sources said.

KKR and Macquarie declined to comment. 800 Super did not immediately respond to a request for comment.

KKR helped finance the Lee family to take back control of 800 Super by delisting it from the Singapore Exchange's Catalist board. The delisting valued 800 Super at S$161 million ($117 million).

800 Super has since expanded, clinching a 10-year contract for waste collection and transportation in one of the three zones in Phnom Penh City, Cambodia, in January last year, according to a media release at the time.

Established in 1986, 800 Super started as a traditional rubbish collector. It now uses a fleet of electrical vehicle trucks to collect waste and its current services range from cleaning and conservancy to horticultural services, according to its website.

Its clients include Changi Airport Group and Marina Bay Sands, the website shows.

The company also operates facilities that include a biomass plant which generates two million kilowatt-hours of renewable electricity monthly.

($1 = 1.3770 Singapore dollars)

(Reporting by Kane Wu in Hong Kong and Yantoultra Ngui in Singapore; editing by Jason Neely)

By Kane Wu and Yantoultra Ngui


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
KEPPEL CORPORATION LIMITED -2.77% 7.01 Delayed Quote.40.82%
KKR & CO. INC. -0.52% 43.66 Delayed Quote.-41.09%
MACQUARIE GROUP LIMITED -1.24% 163.52 Delayed Quote.-19.39%
MSCI SINGAPORE (GDTR) -0.93% 5370.29 Real-time Quote.-13.65%
WASTE MANAGEMENT -0.31% 165.22 Delayed Quote.-0.70%
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09/22Floatel International Ltd : Contract Extensions
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09/19Keppel Completes Share Buyback Program
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09/06Keppel Buys Back Shares on Market
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Analyst Recommendations on KEPPEL CORPORATION LIMITED
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Financials
Sales 2022 7 630 M 5 318 M 5 318 M
Net income 2022 906 M 631 M 631 M
Net Debt 2022 7 415 M 5 168 M 5 168 M
P/E ratio 2022 13,9x
Yield 2022 3,89%
Capitalization 12 281 M 8 559 M 8 559 M
EV / Sales 2022 2,58x
EV / Sales 2023 2,45x
Nbr of Employees 16 393
Free-Float 96,1%
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Technical analysis trends KEPPEL CORPORATION LIMITED
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 7,01 SGD
Average target price 8,12 SGD
Spread / Average Target 15,9%
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Managers and Directors
Chin Hua Loh Chief Executive Officer & Executive Director
Hon Chew Chan Chief Financial Officer
Leong Kay Teoh Non-Executive Chairman
Jason Chin General Manager-Group Information Technology
Till Vestring Lead Independent Director
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