Saturday, October 4th, 2025
Market UpdatesSingapore SGX stocks

Keppel Ltd Bifrost Subsea Cable Goes Live – Boosting Singapore’s Digital Hub Ambitions and Share Price Outlook 1

Posted on October 3, 2025 at 10:31 am (GMT+8)

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Broker Name: CGS International Securities
Date of Report: October 2, 2025

Excerpt from CGS International Securities report.

Report Summary:

  • Keppel Ltd’s Bifrost subsea cable has achieved Ready for Service status, positioning Keppel and Singapore as key players in the regional digital hub space and supporting growth in AI/cloud workloads.
  • The investment is expected to deliver strong returns (>30% IRR), plug the gap left by the divestment of M1, and generate over S\$200m per fiber pair in operational and maintenance fees over 25 years, with additional gains anticipated as more fiber pairs are sold.

Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website: https://www.cgsi.com/

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