Keppel joins 120 MW biomethane sandbox: Maybank targets Keppel stock at SGD 13.00

Published on 10/25/2026 at 02:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Biomethane deliveries start by end-2028 under a 15-year sandbox. Keppel stock was last at SGD 10.00 on October 23, 2026 on SGX.

Energy and earnings milestones

Keppel received a 120 MW biomethane mandate on October 23, 2026.
Net profit rose 25.00 percent to SGD 530.00 million in the first half of 2026.
Maybank maintained its Buy rating and set a SGD 13.00 target on October 22, 2026.

Keppel, SG1U68934629, Illustration mit AI erstellt.

Keppel Ltd. (ISIN SG1U68934629) was appointed on October 23, 2026, to aggregate, import and sell up to 120 MW of biomethane in Singapore for 15 years, according to Keppel. The mandate is the latest step in the group's energy and digital infrastructure strategy, while Maybank maintained a Buy rating and a SGD 13.00 price target on October 22, 2026, according to Markets Insider.

Three milestones shape the story

Keppel's recent chronology combines operating expansion with funding activity. On July 30, 2026, the company reported first-half net profit of SGD 530.00 million, up 25.00 percent year on year, on its investor-relations page at Keppel. On September 28, 2026, Keppel priced CNH 1,000,000,000 of 1.95 percent notes due 2031, according to the Singapore Exchange. The October 23 biomethane appointment is the most recent event.

What does the mandate change?

The immediate financial effect is limited. Keppel said the development was not expected to have a material impact on current-year earnings per share or net tangible asset per share. The operational scale is clearer: biomethane deliveries are expected to begin by the end of 2028, and the company said its Connectivity Division had been provisionally awarded 50 MW of new data center capacity.

Dates investors can track

Keppel's investor calendar lists October 29, 2026, for its third-quarter and nine-month 2026 business update. The next full-year reporting date is February 4, 2027, when the company plans to announce second-half and fiscal-year 2026 results.

SGX valuation remains the reference

Keppel's SGX stock was last at SGD 10.00 on October 23, 2026, at 5:15 p.m. SGT. The finance data also put market capitalization at SGD 18.0 billion and the 52-week range at SGD 9.70 to SGD 13.25 on that date. The combination of a 15-year energy mandate, a 25.00 percent first-half profit increase and a SGD 13.00 Maybank target gives investors three distinct reference points for the stock.

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