Singapore, Jan 14, 2026, 15:40 SGT — Regular session
- Keppel shares fell about 1.4% in afternoon trade, a day after a sharp rise
- Company said it completed the members’ voluntary liquidation of a dormant subsidiary
- Investors are looking ahead to Keppel’s second-half and full-year results in early February
Shares of Singapore’s Keppel Ltd (SGX:BN4) fell 1.39% to S$10.68 by 3:28 p.m. local time on Wednesday, after the company said it had completed the members’ voluntary liquidation of a dormant unit. 1
The timing matters because Keppel is heading into an earnings run, with the group set to release its second-half and full-year 2025 results on Feb. 5, before the market opens, according to a notice on its website. 2
The drop came against a firmer regional backdrop, with Asian stocks touching record highs as investors digested U.S. inflation data and watched sharp moves in the yen and precious metals. “The U.S. dollar might enjoy a bit more of a bid,” Matt Simpson, a senior market analyst at StoneX, said in a global markets note. 3
Keppel’s filing was short. It said liquidation proceedings for Keppel Technology and Innovation Pte. Ltd. had been completed, and pointed back to an earlier announcement made on Jan. 15, 2025. A members’ voluntary liquidation is a solvent wind-up, typically used to close an inactive company and distribute any remaining assets.
Keppel ended Tuesday at S$10.83 after trading as high as S$10.84, according to Yahoo Finance historical data. 4
The company has a market value of about S$19.5 billion, based on data compiled by StockAnalysis. 5
Keppel has repositioned itself as an alternative asset manager and operator, with Morningstar putting its funds under management at about S$91 billion as of end-June 2025. 6
Still, the liquidation update is unlikely to shift near-term earnings on its own. The more obvious risk for the stock is a choppy run into results, with any disappointment on profit, fees or outlook likely to hit harder after the recent climb.
Next up, investors will watch Keppel’s Feb. 5 results release. The group’s listed REITs will report earlier in the window, starting with Keppel DC REIT on Jan. 30, followed by Keppel Pacific Oak US REIT on Feb. 3 and Keppel REIT on Feb. 4, an SGX filing showed.
