Keppel Corporation aspires to be a global company at the forefront of its chosen industries, shaping the future for the benefit of all stakeholders. As the Group embarks on its growth trajectory, investor relations (IR) is key to providing and maintaining balanced disclosure of our operational and financial performance, as well as corporate strategy.
In 2017, we focused on deepening the global investment community’s understanding of our multi‑business strategy, as well as the Group’s business verticals which underpin our mission to deliver solutions for sustainable urbanisation.
Investor and Analyst Education
During the year, we held 175 meetings and conference calls with institutional investors, including non‑deal roadshows reaching out to investors in Canada, Hong Kong, Japan, Malaysia and the United States (US). We also hosted site visits to our shipyards in Singapore, as well as tours of our residential and commercial properties in China and Vietnam.
Presently, 19 sell‑side research houses, with analysts based in Singapore and Malaysia, provide coverage on Keppel Corporation. We continue to develop and maintain close interactions with these research analysts, who contribute to achieving balanced and fair valuations of the Company.
In 2017, top management hosted a briefing for analysts on Keppel Offshore & Marine's (Keppel O&M) gas strategy, in conjunction with a tour of the Hilli Episeyo Floating Liquefied Natural Gas (FLNG) vessel at Keppel Shipyard. We also continued to improve on disclosures as we engaged analysts and investors, including providing more information on the Property and Investments divisions.
On 16 August 2017, the Securities Investors Association (Singapore) (SIAS) hosted Keppel Corporation’s inaugural Retail Shareholders' Day, during which the CEO and CFO of Keppel Corporation briefed over 200 investors on the Group’s strategy and performance. This was part of our ongoing efforts to engage our retail shareholders as well as attend to their questions, feedback and information needs. Our regular contribution towards the SIAS Investor Education Programme has benefitted around 2,500 of our retail shareholders, who as complimentary members of the Association, enjoyed access to a wide range of seminars, workshops and other support services during the year.
Following the announcement of Keppel O&M's global resolution with criminal authorities in the US, Brazil and Singapore at the end of the year, we actively engaged the investment community to help them understand the implications for Keppel Corporation, as well as the measures put in place to strengthen controls and compliance. We are committed to working towards regaining the trust of all stakeholders.
Our sustained IR efforts have contributed to a better appreciation of Keppel’s strategic direction and diverse businesses by the investment community, supporting fair market valuations. We will continue enhancing our IR practices and disclosures as we work towards becoming a more disciplined and sustainable company.
Our mobile‑friendly corporate website www.kepcorp.com continues to be the key resource for stock exchange announcements, quarterly results and annual reports, investor events, stock and dividend information and investor presentation slides. Contact information of our IR personnel can also be found on the website.
To ensure fair and prompt dissemination of information, we post all new material announcements on our website immediately after they are released to the Singapore Exchange (SGX).
We hold “live” webcasts of our results briefings, which facilitates real‑time interaction with senior management every quarter. An archive of the quarterly webcast, together with the presentation materials and management speeches, is made available on our website on the same day the results are issued to the SGX. A transcript of the questions and answers session from each webcast is also posted online the following day.
As at 9 February 2018, institutions formed 57.3% of our shareholder base, while retail investors accounted for the remaining 42.7%. Shareholders in Singapore held approximately 35.8% of our issued capital, while those in the rest of Asia held 4.8%, North America 10.5% and Europe 9.8%.
Investor Relations Calendar
The following key events and initiatives were organised in 2017 to engage our investors and analysts:
4Q & FY 2016 results conference and live webcast.
Non‑deal roadshow to Tokyo hosted by CLSA.
1Q 2017 live results webcast.
Non‑deal roadshow to San Francisco hosted by Citi.
Annual General Meeting (AGM) for FY 2016.
Investor tour of properties in Ho Chi Minh City.
2Q & 1H 2017 results conference and live webcast.
Analyst briefing on Keppel’s gas strategy and tour of the Hilli Episeyo FLNG vessel.
Keppel Corporation’s inaugural Retail Shareholders’ Day, hosted by SIAS.
Non‑deal roadshows to New York and Toronto, as well as Hong Kong, hosted by CIMB and DBS respectively.
Presented at Pareto Securities’ 24th annual Oil & Offshore Conference in Oslo.
Investor tour of properties in Shanghai.
3Q & 9M 2017 live results webcast.
Non‑deal roadshow to Kuala Lumpur hosted by CIMB.
Group visit to Keppel O&M by clients of Credit Suisse.
Investor tour of properties in Ho Chi Minh City and Shanghai.