Keppel (BN4) 1H2026 Earnings: Yield, Gearing, And ICR All Just Failed 🦖

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Keppel (BN4) 1H2026 Earnings: Yield, Gearing, And ICR All Just Failed 🦖

🔍 I kept looking past the 25% core profit jump, because the uncomfortable part is what happens when the legacy book still sits in the same company. Keppel can grow the engine and still leave income investors with a balance sheet that does not behave like a clean yield vehicle.

💰 For CPF and SRS investors, that is the real tension here, the ordinary dividend works out to just 2.96% at S$11.49, while the consolidated leverage and interest coverage still stay under pressure. Iggy's Forensic Zone: Zone 5, Red Zone. The headline story is improving, but the cash you can actually trust is not yet clean enough for retirement income.

📺 YouTube: https://youtu.be/FElvBR4yMHU

📩 Substack: https://investingiguana.com/p/keppel-bn4-1h2026-earnings-yield

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Keppel can grow the engine and still leave income investors with a balance sheet that does not behave like a clean yield vehicle.\n💰 For CPF and SRS investors, that is the real tension here, the ordinary dividend works out to just 2.96% at S$11.49, while the consolidated leverage and interest coverage still stay under pressure. Iggy's Forensic Zone: Zone 5, Red Zone. The headline story is improving, but the cash you can actually trust is not yet clean enough for retirement income.\n📺 YouTube: https://youtu.be/FElvBR4yMHU\n📩 Substack: https://investingiguana.com/p/keppel-bn4-1h2026-earnings-yield</body></html>","htmlText":"<html><head></head><body>\n<img src=\"https://community-static.tradeup.com/news/68d7e259f45d269091de94ab2b46c4eb\" tg-width=\"1920\" tg-height=\"1080\">\nKeppel (BN4) 1H2026 Earnings: Yield, Gearing, And ICR All Just Failed 🦖\n🔍 I kept looking past the 25% core profit jump, because the uncomfortable part is what happens when the legacy book still sits in the same company. Keppel can grow the engine and still leave income investors with a balance sheet that does not behave like a clean yield vehicle.\n💰 For CPF and SRS investors, that is the real tension here, the ordinary dividend works out to just 2.96% at S$11.49, while the consolidated leverage and interest coverage still stay under pressure. Iggy's Forensic Zone: Zone 5, Red Zone. The headline story is improving, but the cash you can actually trust is not yet clean enough for retirement income.\n📺 YouTube: https://youtu.be/FElvBR4yMHU\n📩 Substack: https://investingiguana.com/p/keppel-bn4-1h2026-earnings-yield</body></html>","text":"Keppel (BN4) 1H2026 Earnings: Yield, Gearing, And ICR All Just Failed 🦖 🔍 I kept looking past the 25% core profit jump, because the uncomfortable part is what happens when the legacy book still sits in the same company. Keppel can grow the engine and still leave income investors with a balance sheet that does not behave like a clean yield vehicle. 💰 For CPF and SRS investors, that is the real tension here, the ordinary dividend works out to just 2.96% at S$11.49, while the consolidated leverage and interest coverage still stay under pressure. Iggy's Forensic Zone: Zone 5, Red Zone. 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