This report from Corporate Monitor Limited analyses Keppel Corporation’s 2019 privatization of M1, a telecommunications company. The analysis questions Keppel’s claims of success, citing M1’s declining profitability and unmet return on equity targets despite Keppel’s significant investment. The report raises issues about Keppel’s financial reporting regarding M1’s performance and valuation. The report uses M1 as a case study, acknowledging its limitations but highlighting the importance of evaluating Keppel’s investment decisions.
Explore the full insights through the following report:
• Keppel: Does M1 Reveal an Investor-Operator Advantage? (Report 2)