SGX:BN4Industrials
Keppel (SGX:BN4) Could Be 8% Undervalued On $1.3b Bifrost Cable Contracts
Event overview and why it matters for Keppel stock
Keppel (SGX:BN4) has fully committed all five fibre pairs in its Bifrost Cable System portfolio, after signing an Indefeasible Right of Use agreement with a global hyperscaler for the final remaining pair.
The approximately US$1.3b (S$1.7b) in total contract value includes recurring income from cable operations and maintenance over 25 years, backed by customers spanning major telecom operators, hyperscalers and global technology...