Keppel Limited

[CCUV]

The cash flow is shockingly poor .....a red flag in my view

You may be right. Do you mind to share in more details?
Thanks.

There is a big increase of work in progress in cash flow item

Stocks & work-in-progress (2,134,437)

"Net cash from operating activities for the full year was $22 million, $603 million lower than that in the previous year. This was due mainly to higher working capital requirements from Offshore & Marine and Property Divisions, despite a higher operating profit in the current year. Net cash from investing activities for the year was $877 million. The Group spent $1,262 million on acquisitions and operational capex. This comprised principally acquisition of additional interest in subsidiaries, further investment in associated companies, capital expenditure on data centre assets and logistics facilities and other operational capex. Divestment and dividend income totalled $2,139 million, mainly proceeds received from the divestment of Equity Plaza, sale of the data centre assets by the Infrastructure Division and the divestment of the Group’s one-third interest in MBFC T3. Net cash used in financing activities was $769 million. The net proceeds from loans of $272 million were $1.86 billion lower due to due to lesser refinancing requirements."