Latest news with #ShivangiLahiri
Time of India
3 days ago
- Business
- Time of India
Keppel Appoints Former DBS CEO Piyush Gupta as New Deputy Chairman, ETHRWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHRWorld App Get Realtime updates Save your favourite articles Scan to download App Singapore-based manager and asset operator Keppel said on Thursday it has appointed ex-DBS Group CEO Piyush Gupta as its deputy chairman , effective July left DBS, Southeast Asia's largest lender by assets, in March this year after serving as CEO for around 15 joining DBS, he was Citi's CEO for its Southeast Asia-Pacific will also be appointed as a non-executive independent director of the board along with the deputy chairman role, in addition to other committee his appointment, Keppel's board will comprise nine directors, of whom seven are independent directors, the firm added in its statement.(Reporting by Shivangi Lahiri in Bengaluru; Editing by Tasim Zahid)
Yahoo
07-05-2025
- Automotive
- Yahoo
HK-listed Geely eyes privatisation of Chinese unit ZEEKR
(Reuters) -Hong Kong-listed Geely Automobile Holdings said on Wednesday it is looking to privatise its Chinese automaker unit ZEEKR, proposing to value the unit at US$2.566 per ZEEKR share or $25.66 per American Depository Share. (Reporting by Shivangi Lahiri in Bengaluru; Editing by Mrigank Dhaniwala)
Reuters
07-05-2025
- Automotive
- Reuters
HK-listed Geely eyes privatisation of Chinese unit ZEEKR
Geely Auto logo is seen in this illustration taken January 16, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights , opens new tab May 7 (Reuters) - Hong Kong-listed Geely Automobile Holdings ( , opens new tab said on Wednesday it is looking to privatise its Chinese automaker unit ZEEKR (ZK.N) , opens new tab , proposing to value the unit at US$2.566 per ZEEKR share or $25.66 per American Depository Share. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. Reporting by Shivangi Lahiri in Bengaluru; Editing by Mrigank Dhaniwala Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Yahoo
19-02-2025
- Business
- Yahoo
Woodside, Santos face earnings dip; growth projects in focus
By Shivangi Lahiri and Nichiket Sunil (Reuters) - Woodside Energy and Santos, Australia's top oil and gas producers, are expected to log a modest fall in annual earnings, with investors seeking more clarity on dividend payouts amid lingering execution risks to key growth projects. The primary reason for an annual profit decline will be softer energy prices, according to John Lockton, head of investment strategy at Sandstone Insights. "Flat volumes combined with flat energy prices leave revenue growth flat (for both companies)in US$ terms," he told Reuters. Woodside is forecast to report an underlying net profit of $2.96 billion for fiscal 2024, according to Visible Alpha consensus estimates, down from $3.32 billion last year. In a line-item forecast released on Monday, Woodside said it expects higher restoration costs for the year, along with "other expenses" of $1.7 billion to $1.9 billion - both much higher than consensus estimates. Doubts about the company's growth projects have been heightened by its projection for its Sangomar project in Senegal to maintain a production plateau into the second quarter of 2025. "Higher restoration costs will see cash flow downgrades, and the potential earlier Sangomar decline would also be a cash drag. This will raise questions about the sustainability of the payout ratio," Citi analysts said in a note. Woodside is also yet to assess whether potential tariffs would have a negative impact on a stake sell-down for its Louisiana liquefied natural gas (LNG) project, said analysts at Jarden, as investors wait for evidence the company is controlling costs. Woodside fully owns the Louisiana LNG project after its $1.2 billion acquisition of developer Tellurian Inc in October but is looking to sell a 50% stake. For smaller peer Santos, the focus will be on construction progress of its Pikka Phase 1 project in Alaska, with investors looking for indications whether acceleration of first oil production into late 2025 is possible, Jarden analysts said. Last month, Santos said first gas from its nearly completed $4.3 billion Barossa project is expected in the third quarter this year. "We see some risk that Santos' production and capital expenditure estimates from its legacy fields are too optimistic and may need to be rebased," Sandstone's Lockton said. "Santos' new capital management policy, which should lift distribution per share payments by around 20%, will also be on display." Santos is expected to report an annual underlying profit of $1.32 billion, according to consensus estimates, lower than last year's $1.42 billion. Santos and Woodside are due to release their annual earnings updates on February 19 and February 25, respectively. Sign in to access your portfolio
