A. Company Information

• What are Keppel Land's core businesses?
• Who are Keppel Land's major shareholders?
• Who are the directors on the Board?
• When is Keppel Land's Annual General Meeting usually held?
• When is Keppel Land's financial year-end?
• When does Keppel Land release its financial results?

B. Strategic Direction

• What is Keppel Land's strategic direction?
• How are Keppel Land's assets distributed geographically?
• What are Keppel Land's strategic plans in China?
• What is the latest update on the progress of Keppel Land's fund management business?

C. Financials

• What is Keppel Land’s dividend policy?
• What is Keppel Land's dividend history?
• What is Keppel Land's dividend payout?
• What is the total number of shares issued?
• What is Keppel Land's market capitalisation?
• What is the average daily trading volume of Keppel Land's shares on SGX?
• Are Keppel Land's shares included in any major indices?
• What is Keppel Land's total asset size?
• Does Keppel Land have any listed subsidiaries?
• What is the Return on Equity (ROE) for Keppel Land?
• What is the gearing level for Keppel Land?
• What is Keppel Land's cost of borrowings?
• What is the amount of outstanding loans? How much of this is on floating rates?
• Given Keppel Land's substantial overseas exposure, how does the Group manage its risk?

D. K-REIT Asia

• For FAQs on K-REIT Asia, please click here

What are Keppel Land's core businesses?

Keppel Land has two core businesses, namely property development for sale and property fund management.

Who are Keppel Land's major shareholders?

Keppel Land is 52.39% owned by Keppel Corporation. Principally by virtue of its deemed interest through this shareholding of Keppel Corporation, Temasek Holdings is the only other substantial shareholder.

Who are the directors on the Board?

Currently, Keppel Land has 12 directors, of whom nine are independent non-executive directors. The board is headed by Chairman Choo Chiau Beng. The other board members are Group Chief Executive Officer Kevin Wong, Khor Poh Hwa, Lim Ho Kee, Tsui Kai Chong, Mrs. Lee Ai Ming, Tan Yam Pin, Heng Chiang Meng, Edward Lee, Mrs Koh-Lim Wen Gin, Teo Soon Hoe and Mrs Oon Kum Loon.

When is Keppel Land's Annual General Meeting usually held?

Keppel Land's Annual General Meeting is usually held in April.

When is Keppel Land's financial year-end?

Keppel Land's financial year-end is 31 December.

When does Keppel Land release its financial results?

Keppel Land announces its financial results on a quarterly basis within 30 days from the end of each reporting period.

What is Keppel Land's strategic direction?

Keppel Land's strategic focus will be on the two core businesses of property development and property fund management. The Group remains focused on becoming the premier developer of choice in Singapore and the region, and to deliver sustainable earnings to shareholders. These earnings will come from developing lifestyle homes in Singapore, residential townships and other overseas residential developments, the unlocking of value from its commercial property portfolio, and growing fee-based income from property fund management.

How are Keppel Land's assets distributed geographically?

Keppel Land's current focus is in Singapore, China, Vietnam, India and Indonesia. Its assets are also spread over the following countries in Asia and the Middle East: Hong Kong, Philippines, Thailand, Malaysia, Myanmar, South Korea, Japan and Saudi Arabia.

What are Keppel Land's strategic plans in China?

Keppel Land will move into second tier cities in search of development opportunities. The Company will also step up large-scale and residential township developments in promising cities. In addition, Keppel Land will progressively launch its housing, residential townships and lifestyle developments in Shanghai, Chengdu, Tianjin, Wuxi, Shenyang, Zhongshan, Nantong and Jiangyin.

What is the latest update on the progress of Keppel Land's fund management business?

Alpha Asia Macro Trends Fund (AAMTF), which raised a total of US$1.2 billion (S$1.7 billion), is 100% invested in 6 countries. The new fund focuses on prominent trends in Asia, and target developed markets across Singapore, Japan, Taiwan, South Korea and Hong Kong, as well as emerging markets of China, India and Vietnam. A new follow-on fund, AAMTF II was launched and it achieved a first closing of over US$485 million committed and is making its maiden investment in Central Park Hotel in Hong Kong. With AAMTF II, Alpha's AUM has increased from $7.7 billion to $8.8 billion.

Asia No.1 Property Fund is 100% invested in 4 countries.

Alpha Core Plus Real Estate Fund is 100% invested in 3 countries.

AIB Alpha Japan Fund is 100% invested.

Together with K-REIT Asia's portfolio value of S$6 billion upon completion of acquisition of 87.5% interest in OFC, total assets under management by the Group will be about S$14.8 billion when all the funds are fully leveraged and fully invested.

What is Keppel Land’s dividend policy?

Keppel Land’s dividend policy aims to distribute up to one-third of net realized profits to shareholders.

What is Keppel Land's dividend history?

What is Keppel Land's dividend payout?

Keppel Land is proposing a final dividend of 20 cents per share for FY2011, to be approved by shareholders at the next Annual General Meeting. Shareholders will be able to elect to receive the dividend either in the form of cash or shares under the Dividend Reinvestment Scheme.

What is the total number of shares issued?

The total number of issued shares is 1,489.9 million as at 31 Dec 2011.

What is Keppel Land's market capitalisation?

Keppel Land's market capitalisation is $3.9 billion as at 31 Dec 2011.

What is the average daily trading volume of Keppel Land's shares on SGX?

The average daily trading volume of Keppel Land's shares is 4.0 million for FY2011 (based on 305 trading days).

Are Keppel Land's shares included in any major indices?

Keppel Land is part of the FTSE ST Real Estate, FTSE China Top and EPRA/NAREIT Singapore indices. Keppel Land has also been selected as an index component of the Dow Jones Sustainability World Index and Asia Pacific Index.

What is Keppel Land's total asset size?

Keppel Land's total assets amounted to about $9.5 billion as at 31 Dec 2011.

Does Keppel Land have any listed subsidiaries?

Keppel Land has two listed subsidiaries - one each in Thailand and Philippines. They are 45%-owned Keppel Thai Properties Public Company Ltd and 51%-owned Keppel Philippines Properties Inc.

What is the Return on Equity (ROE) for Keppel Land?

Annualised ROE for FY 2011 stands at 32.9%.

What is the gearing level for Keppel Land?

The net debt to equity ratio (including minority interests) was 0.1x as of end-Dec 2011.

What is Keppel Land's cost of borrowings?

Keppel Land's blended cost of funds was 1.9% in FY2011.

What is the amount of outstanding loans? How much of this is on floating rates?

Keppel Land had about $2.5 billion worth of borrowings as at end-Dec 2011. About 51% of the Group's debt were fixed rate borrowings.

Given Keppel Land's substantial overseas exposure, how does the Group manage its risk?

As Keppel Land intensifies its operations overseas, the Group has taken a pro-active approach towards risk management to ensure that risks accompanying the Group's business activities are identified, assessed and actions taken to minimize any adverse impact on the Group. A capital allocation policy has been implemented to manage the Group's exposure to countries where we have investments. In addition, key risk indicators, which act as early warning signals, are closely monitored by appointed risk owners. The Group is currently working to improve on business continuity management, so as to be better prepared for circumstances that may cause disruption to business operations. A Board Risk Committee, comprising five independent directors, reviews and guides management in the formulation of risk policies and processes and to develop appropriate risk management strategies.