bearish
Keppel: Strategic Transformation to Asset Manager (Report 3)
SUMMARY
- This is the third report issued by CML on Keppel’s transformation to a global asset manager per its Vision 2030.
- CML has earlier issued two reports on this subject. The first examines the lack of disclosure by Keppel on critical information and data pertaining to its asset management business.
- This is disappointing as Keppel is almost halfway to its fund under management (‘FUM”) target of S$200bn, and we include peers which are similar in size.
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