Singapore Exchange Ltd (SGX)

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Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

<h2>10 Questions for Kim Heng Limited</h2>
Company Overview With over 50 years of experience, Kim Heng is an established integrated offshore and marine value chain services provider specializing in engineering, procurement, construction and installation support. Based in Singapore, the Group’s solutions include marine transportation and towage, mooring installation of floating production storage and offloading, subsea marine cable installation, drilling supports, horizontal directional drilling, vessel/rig maintenance and refurbishment, fabrication and newbuilding. <a href="https://www.sgx.com/securities/equities/5G2" target="_blank" rel="noopener">Link to StockFacts company page</a>
<ol>
<li>Kim Heng has recently ‘rebranded’ itself, can you elaborate more on this?</li>
</ol>
<ul>
<li>In May 2021, we rebranded the Group to Kim Heng Limited, dropping the words “Offshore &amp; Marine Holdings”. This rebranding reflects the next phase of the company’s carbon transition journey, as we expand beyond offshore and marine into renewable energy.</li>
<li>The Group pivoted away from the oil and gas sector since the downturn in the offshore market in 2014, towards offshore windfarm renewables. The management believes the diversification will reduce our dependence on the existing business and provide additional and recurring revenue streams to achieve long term growth.</li>
</ul>
2. What can shareholders look out for or expect in the medium term?
<ul>
<li>Kim Heng’s transition to the renewable energy sector is our response to the changing economic landscape given that the Group is leveraging the same skill sets, marine assets and capabilities it has developed over the few decades by reapplying them to the renewable energy and marine construction sectors.</li>
<li>In early 2018, we diversified to lay submarine cables and completed two shore crossings of submarine cable conduits. In 2019, we completed another two shore crossings of submarine cable conduits for fibre optic cable in Tuas, Singapore.</li>
<li>As Governments around the world pledge to cut emissions by at least in half by 2030, there was an opportunity for us to partake in the windfarm market in Taiwan. Our first overseas windfarm project in Taiwan was awarded to us in February 2020, and since then, we have completed a total of 6 shore crossings cable conduits for power in the Yunlin offshore windfarm, west coast Taiwan.</li>
</ul>

10 Questions for Kim Heng Limited
Company Overview With over 50 years of experience, Kim Heng is an established integrated offshore and marine value chain services provider specializing in engineering, procurement, construction and installation support. Based in Singapore, the Group’s solutions include marine transportation and towage, mooring installation of floating production storage and offloading, subsea marine cable installation, drilling supports, horizontal directional drilling, vessel/rig maintenance and refurbishment, fabrication and newbuilding. Link to StockFacts company page

Kim Heng has recently ‘rebranded’ itself, can you elaborate more on this?


In May 2021, we rebranded the Group to Kim Heng Limited, dropping the words “Offshore &amp; Marine Holdings”. This rebranding reflects the next phase of the company’s carbon transition journey, as we expand beyond offshore and marine into renewable energy.
The Group pivoted away from the oil and gas sector since the downturn in the offshore market in 2014, towards offshore windfarm renewables. The management believes the diversification will reduce our dependence on the existing business and provide additional and recurring revenue streams to achieve long term growth.

2. What can shareholders look out for or expect in the medium term?

Kim Heng’s transition to the renewable energy sector is our response to the changing economic landscape given that the Group is leveraging the same skill sets, marine assets and capabilities it has developed over the few decades by reapplying them to the renewable energy and marine construction sectors.
In early 2018, we diversified to lay submarine cables and completed two shore crossings of submarine cable conduits. In 2019, we completed another two shore crossings of submarine cable conduits for fibre optic cable in Tuas, Singapore.
As Governments around the world pledge to cut emissions by at least in half by 2030, there was an opportunity for us to partake in the windfarm market in Taiwan. Our first overseas windfarm project in Taiwan was awarded to us in February 2020, and since then, we have completed a total of 6 shore crossings cable conduits for power in the Yunlin offshore windfarm, west coast Taiwan.


10 in 10 with Kim Heng Limited - Embracing Renewable Energy

Kim Heng Ltd

10 in 10 with Kim Heng Limited - Embracing Renewable Energy