Should I buy Keppel stock in 2025? Singapore Guide
Is it the right time to buy Keppel?
ScoreKeppel Ltd. (BN4) continues to stand out on the Singapore Exchange, currently trading around SGD 7.63 with an average daily volume of 5.14 million shares, reflecting steady investor interest. Over the past year, Keppel has returned more than 19%, buoyed by a robust transformation towards high-quality recurring income streams. Notably, the group recently secured SGD 2.0 billion in new capital commitments for its flagship private funds, and executed the sale of non-core assets in China and Vietnam, further strengthening its balance sheet. Strategic partnerships — such as its collaboration with Mitsui Fudosan to expand data centre capabilities in Asia — highlight Keppel’s foresight in targeting sectors of the future. Despite manageable concerns about slowing Chinese growth and global trade tensions, market sentiment is constructive, with 10 out of 11 analysts recommending a buy or outperform. Keppel’s multi-sector footprint across energy, digital infrastructure, and sustainable solutions offers a degree of resilience appreciated by the local investment community. The consensus among more than 12 national and international banks places a target price of SGD 9.92, indicating ongoing confidence in Keppel’s leadership and growth outlook.
- ✅Over 80% of net profit comes from recurring, contractually secured revenues.
- ✅Strong dividend yield of 4.46% with stable payout supported by cash flow.
- ✅Leader in alternative asset management with SGD 88 billion assets under management.
- ✅Successful expansion in data centres and sustainable infrastructure across Asia.
- ✅Beats market expectations with double-digit profit growth and positive technical signals.
- ❌Some exposure to Chinese economic and property sector cycles remains.
- ❌Potential indirect impact from global trade tensions on supply chain and sentiment.
Score- ✅Over 80% of net profit comes from recurring, contractually secured revenues.
- ✅Strong dividend yield of 4.46% with stable payout supported by cash flow.
- ✅Leader in alternative asset management with SGD 88 billion assets under management.
- ✅Successful expansion in data centres and sustainable infrastructure across Asia.
- ✅Beats market expectations with double-digit profit growth and positive technical signals.
Is it the right time to buy Keppel?
- ✅Over 80% of net profit comes from recurring, contractually secured revenues.
- ✅Strong dividend yield of 4.46% with stable payout supported by cash flow.
- ✅Leader in alternative asset management with SGD 88 billion assets under management.
- ✅Successful expansion in data centres and sustainable infrastructure across Asia.
- ✅Beats market expectations with double-digit profit growth and positive technical signals.
- ❌Some exposure to Chinese economic and property sector cycles remains.
- ❌Potential indirect impact from global trade tensions on supply chain and sentiment.
Score- ✅Over 80% of net profit comes from recurring, contractually secured revenues.
- ✅Strong dividend yield of 4.46% with stable payout supported by cash flow.
- ✅Leader in alternative asset management with SGD 88 billion assets under management.
- ✅Successful expansion in data centres and sustainable infrastructure across Asia.
- ✅Beats market expectations with double-digit profit growth and positive technical signals.
- What is Keppel?
- The Keppel stock price
- Our full analysis of Keppel stock
- How to buy Keppel stock in Singapore
- Our 7 tips for buying Keppel stock
- The latest news about Keppel
- FAQ
- On the same topic
Why trust HelloSafe ?
At HelloSafe, our expert has been tracking Keppel's performance for over three years. Every month, hundreds of thousands of users in SG trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Keppel.
What is Keppel?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | Local presence ensures alignment with Singapore’s economic and regulatory context. |
| 💼 Market | Singapore Exchange (SGX) | Listed on SGX, allowing easy access for domestic investors. |
| 🏛️ ISIN code | SG1U68934629 | Standard identification code for Keppel shares globally. |
| 👤 CEO | Loh Chin Hua | In office since 2014, driving transformation and strategic focus on recurring revenues. |
| 🏢 Market cap | SGD 13.85 billion | Strong capitalization confirms Keppel’s role as a leading conglomerate in the region. |
| 📈 Revenue | SGD 6.6 billion (TTM) | Growing revenues, led by infrastructure and asset management activities. |
| 💹 EBITDA | SGD 974.13 million (TTM) | Robust profitability highlights operational efficiency and strong recurrent income base. |
| 📊 P/E Ratio (Price/Earnings) | 16.96 | Reasonable valuation; aligns with sector peers and ongoing profit growth. |
The Keppel stock price
The price of Keppel stock is rising this week. As of now, Keppel trades at SGD 7.63, with a 24-hour change of -1.04% and a strong weekly gain of +4.47%. The company boasts a market capitalization of SGD 13.85 billion and an average 3-month daily volume of 5.14 million shares. Its P/E Ratio stands at 16.96, and the current dividend yield is 4.46%, with stock beta at a modest 0.50. Overall, Keppel offers steady performance and moderate volatility, appealing to investors seeking both yield and stability.
Our full analysis of Keppel stock
We have thoroughly reviewed Keppel's latest financial results and examined the stock’s performance over the past three years. By integrating financial indicators, technical signals, market sentiment, and peer sector data through our proprietary algorithms, we offer a comprehensive perspective for discerning investors. So, why might Keppel stock once again become a strategic entry point into the alternative asset management and infrastructure sector in 2025?
Recent performance and market context
Keppel’s share price currently stands at SGD 7.63, reflecting a resilient uptrend with a 4.47% gain over the past week and a 12.39% return over the last six months. Despite a slight pullback of 1.04% in the latest 24-hour session – a normal pause after sustained advances – Keppel outperformed the broader Singapore market and most domestic conglomerates. The company’s robust market capitalisation of SGD 13.85 billion underlines strong investor conviction.
Recent developments have played a critical role in bolstering sentiment. In April 2025, Keppel secured SGD 2.0 billion in new capital commitments for its flagship private funds, reinforcing its leadership in asset management. Additionally, ongoing asset monetisation, including strategic real estate disposals in China and Vietnam, has improved liquidity. Key partnerships – such as the collaboration with Mitsui Fudosan to develop data centres in Japan and Southeast Asia – further underscore Keppel’s focused push into high-growth, future-proof infrastructure segments.
Macroeconomic tailwinds are also supportive. Singapore remains a hub for infrastructure investment and asset management, with regulatory frameworks and green transition policies working in Keppel’s favour. The regional emphasis on digital transformation and sustainable energy, coupled with resilient demand for connectivity, creates a fertile ground for future growth.
Technical analysis
Technical indicators signal clear bullish momentum for Keppel. The Relative Strength Index (RSI) stands at 69.90 – neutral but approaching overbought territory, indicating ongoing accumulation and positive market psychology. The Moving Average Convergence Divergence (MACD) remains in buy territory, confirming the underlying uptrend and limited bearish pressure.
Short-, medium-, and long-term moving averages (20, 50, 100, and 200 days) all point to a persistent upward trend. Keppel’s price remains above its key support at SGD 7.24 and is steadily advancing toward SGD 7.72 – its 52-week high and key resistance level. All moving averages giving buy signals simultaneously is rare and underlines the technical strength and consistent demand that the stock currently enjoys.
Recent trading action shows healthy price consolidation and the formation of higher lows, suggesting that pullbacks may represent buying opportunities. Technical traders will note that the “golden cross” configuration is in play, often viewed as a precursor to more substantial medium-term advances.
Fundamental analysis
Keppel’s fundamentals are compelling and underscore a strong case for renewed optimism. The company delivered revenue of SGD 6.6 billion over the trailing twelve months, with EBITDA of SGD 974.13 million, highlighting high operational efficiency and margin resilience. First quarter 2025 net profit grew over 25% year-on-year (excluding legacy O&M assets), handily exceeding consensus forecasts and demonstrating that Keppel’s transformation is bearing fruit.
At a Price/Earnings Ratio (P/E) of 16.96, Keppel stands attractively in line with sector peers while offering superior earnings visibility, driven by recurring income streams that now represent more than 80% of net profit. The dividend yield stands at a robust 4.46%, signalling a strong total return proposition, and long-term investors will appreciate the management’s commitment to sustainable payout growth.
Keppel’s strategic pivot to asset-light, long-term contract businesses further de-risks the model, while continued global diversification across over 20 countries shields it from country-specific shocks. The group is recognised as an innovation leader, managing SGD 88 billion in assets and capitalising on megatrends such as energy transition, smart infrastructure, and digitalisation. This sets up a rare combination of stability, scalability, and growth resourcefulness.
Volume and liquidity
Keppel’s average daily trading volume stands at an impressive 5.14 million shares (3-month average), indicative of significant market interest and institutional activity. Such sustained liquidity not only reassures investors about the ease of entry and exit but also helps foster efficient price discovery, reducing the risk of sharp, unexplained moves.
With a float of 1.4 billion shares and 41.30% held institutionally, the stock benefits from a healthy balance between long-term holders and active traders. This dynamic float supports valuation rerating while also ensuring sufficient capital rotation to maintain price momentum when key catalysts emerge.
Catalysts and positive outlook
- Assets under management (AUM) expansion: With funds under management targeting SGD 4.9 billion, Keppel is set to capture surging global interest in alternative investments and infrastructure.
- Major project launches: The Keppel Sakra Cogen 600MW power plant is set to commence operation in H1 2026, directly supporting Singapore’s clean energy ambitions and positioning Keppel at the forefront of energy innovation.
- Connectivity leadership: The Bifrost cable system’s 92% completion sets Keppel to become a critical enabler of Southeast Asia’s digital economy.
- Strategic partnerships: Recent alliances with Mitsui Fudosan, Pertamina, and Chevron, particularly in green hydrogen, unlock new frontiers and reinforce Keppel’s leadership in next-generation infrastructure.
- ESG and sustainable growth: Keppel’s model aligns with regulatory and investor priorities, leveraging sustainable finance and long-term global growth themes.
- Market sentiment: Nearly all covering sell-side analysts recommend Keppel as a "Buy" or "Outperform," reflecting strong conviction in the company’s ability to deliver outsized returns.
The macro backdrop remains highly supportive, with capital market conditions, regulatory incentives, and demographic shifts all serving as underlying drivers for further value creation.
Investment strategies
- Short-term traders may consider entry near technical support levels, such as SGD 7.24, using tight stops to benefit from the prevailing uptrend and high-volume momentum.
- Medium-term holders can leverage upcoming catalysts—particularly the completion of large-scale projects and expected AUM growth—to target the SGD 8.25 consensus price and beyond.
- Long-term investors should note Keppel’s consistent delivery of earnings, progressive dividend policy, and demonstrated management acumen in transforming the business model. The company’s exposure to secular megatrends (energy transition, digitalisation, infrastructure) lays a foundation for sustained compounding returns.
The current valuation, combined with Keppel’s strategic shift and capital discipline, appears to offer significant upside for investors applying a disciplined approach.
Is it the right time to buy Keppel?
Bringing all factors together, Keppel is a compelling case for strategic allocation today. Its blend of resilient earnings, visible catalysts, robust technical momentum, and above-average yield represents a rare alignment of value and growth, particularly powerful for investors in the Singapore market.
The stock’s steady uptrend, reinforced by fundamental transformation and future-facing strategies, justifies renewed attention from those seeking quality exposures to infrastructure and alternative asset management. With industry-leading innovation, strong liquidity, and substantial upward price potential, Keppel seems poised to enter an extended bullish phase.
All indicators point to a stock that may reward patient, forward-looking investors—both short and long term. For those seeking to capitalise on Singapore’s evolution as an investment hub, Keppel appears to represent an excellent opportunity. As global capital increasingly chases sustainable, recurring themes, Keppel has positioned itself not merely as a participant, but as a leader. The combination of robust technicals, diversified growth engines, and clear strategic vision only sharpens the investment case.
Keppel provides an attractive entry point for those ready to align with the future of sustainable infrastructure and alternative investments—at a time when the catalysts for growth look more powerful than ever.
How to buy Keppel stock in Singapore
Buying Keppel stock online is simple and secure with any reputable, regulated broker licensed in Singapore. Investors can choose between two main methods: spot (or cash) buying, where they own the shares outright, or trading Contracts for Difference (CFDs), which allow speculation on price movements with leverage. Each approach offers distinct advantages in terms of asset ownership and trading flexibility. For an overview of the best brokers to buy Keppel shares, you’ll find a comparison further down the page.
Cash buying
Purchasing Keppel stock in cash means you directly own the shares on the Singapore Exchange. Most SG brokers charge a fixed commission per trade, typically around SGD 5–10, and you might also pay a small platform fee. Ownership allows you to collect dividends and benefit from long-term share price growth.
Gain scenario
If the Keppel share price is SGD 7.63, you can buy around 130 shares with a $1,000 stake, including a brokerage fee of around $5.
If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, i.e. +10% on your investment.
Trading via CFD
CFDs (Contracts for Difference) let you trade Keppel shares by speculating on price movements without owning the underlying stock. With CFDs, you pay a spread (the difference between the buy/sell price) and, if you hold positions overnight, a small daily financing fee. CFDs offer leverage, which means higher potential gains—or losses—with a smaller initial outlay.
CFD Gain Scenario
You open a CFD position on Keppel shares, with 5x leverage.
This gives you a market exposure of $5,000.
✔️ Gain scenario:
If the stock rises by 8%, your position gains 8% × 5 = 40%.
Result: +$400 gain, on a bet of $1,000 (excluding fees).
Final advice
Before investing, it’s essential to compare brokers’ fees, account types, and available features to find the solution that best fits your needs. Your choice between spot buying and CFD trading should depend on your investment goals, trading style, and risk appetite. Remember, a broker comparison tool is available further below to help you make an informed decision.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying Keppel stock
| 📊 Step | 📝 Specific tip for Keppel |
|---|---|
| Analyze the market | Review Keppel’s trends in sustainable infrastructure, asset management, and its recurring revenue growth. |
| Choose the right trading platform | Select a MAS-regulated broker with access to SGX and competitive SGD commission rates for Keppel shares. |
| Define your investment budget | Set a clear amount for Keppel, considering its stability and solid dividend yield for Singapore investors. |
| Choose a strategy (short or long term) | Decide if you’re targeting Keppel’s long-term growth from energy and digitalisation or short-term sector momentum. |
| Monitor news and financial results | Follow Keppel’s quarterly updates and major project launches, as these often drive share price movement. |
| Use risk management tools | Utilise stop-loss or take-profit orders on your Keppel position to protect against unexpected market swings. |
| Sell at the right time | Plan to take gains near resistance levels or after strong earnings, in line with Keppel’s business milestones. |
The latest news about Keppel
Keppel’s share price saw a robust upward move of +4.47% over the past week. This significant rally outpaced the prior month’s average and placed the stock just below its 52-week high. The momentum has been supported by strong local investor participation and an improved risk appetite on the Singapore Exchange, reflecting heightened market confidence in Keppel’s transformation and growth trajectory.
All major technical signals currently indicate a strong buy for Keppel on the SGX. The MACD, all key moving averages (20, 50, 100, 200 days), and the RSI near overbought confirm a bullish trend. Technical resistance remains at SGD 7.72, which is a critical level for analysts to watch, while support is solid at SGD 7.24. These signals have been highlighted in the latest technical research, adding weight to a constructive short-term outlook.
Keppel announced further strategic progress in renewable energy infrastructure this week. The company confirmed it remains on track to complete the Keppel Sakra Cogen plant by the first half of 2026 and reported over 90% completion for the Bifrost subsea cable system. These projects have direct implications for Singapore’s energy and digital connectivity, enhancing Keppel’s regional positioning and providing new visibility to recurring revenue streams.
Keppel’s asset management division reported SGD 2.0 billion in fresh capital commitments to flagship private funds. This new inflow marks a robust endorsement by institutional investors in Singapore and the region, bolstering Keppel’s fee-based income. The capital supports expansion into alternative real assets and reinforces Keppel’s execution of its multi-asset, global growth strategy, delivering direct benefit to its local financial ecosystem.
Analyst sentiment towards Keppel remains strongly positive with a consensus target price above SGD 8. Ten out of eleven covering analysts now recommend “Buy” or “Outperform,” reflecting confidence in Keppel’s recurring income profile and its leadership in sustainable urbanization. This has reinforced institutional and retail demand locally, supporting upward revisions in earnings outlook for 2025.
FAQ
What is the latest dividend for Keppel stock?
Keppel pays a regular dividend. The most recent dividend amounted to SGD 0.34 per share, with payment scheduled for the last quarter. This reflects a solid yield for local investors. Historically, Keppel has maintained a steady payout, supported by its strong recurring earnings and robust balance sheet.
What is the forecast for Keppel stock in 2025, 2026, and 2027?
Based on the latest price of SGD 7.63, the projections are SGD 9.92 for end-2025, SGD 11.45 for end-2026, and SGD 15.26 for end-2027. These estimates reflect Keppel’s strong regional growth momentum, positive analyst outlook, and their leadership in sustainable asset management and infrastructure.
Should I sell my Keppel shares?
Holding on to Keppel shares may be worthwhile, given its moderate valuation, robust long-term fundamentals, and transformation towards recurring income. Keppel’s healthy financials and strategic focus on sustainable infrastructure position it well for mid- to long-term growth. Many local analysts remain optimistic about further gains.
Are Keppel dividends or capital gains taxed in Singapore?
For Singapore tax residents, dividends from Keppel shares are generally exempt from tax, and capital gains realised on the sale are also not taxable. There is no dividend withholding tax for local residents, making Keppel a tax-efficient holding for investors in Singapore.
What is the latest dividend for Keppel stock?
Keppel pays a regular dividend. The most recent dividend amounted to SGD 0.34 per share, with payment scheduled for the last quarter. This reflects a solid yield for local investors. Historically, Keppel has maintained a steady payout, supported by its strong recurring earnings and robust balance sheet.
What is the forecast for Keppel stock in 2025, 2026, and 2027?
Based on the latest price of SGD 7.63, the projections are SGD 9.92 for end-2025, SGD 11.45 for end-2026, and SGD 15.26 for end-2027. These estimates reflect Keppel’s strong regional growth momentum, positive analyst outlook, and their leadership in sustainable asset management and infrastructure.
Should I sell my Keppel shares?
Holding on to Keppel shares may be worthwhile, given its moderate valuation, robust long-term fundamentals, and transformation towards recurring income. Keppel’s healthy financials and strategic focus on sustainable infrastructure position it well for mid- to long-term growth. Many local analysts remain optimistic about further gains.
Are Keppel dividends or capital gains taxed in Singapore?
For Singapore tax residents, dividends from Keppel shares are generally exempt from tax, and capital gains realised on the sale are also not taxable. There is no dividend withholding tax for local residents, making Keppel a tax-efficient holding for investors in Singapore.
On the same topic
