Wednesday, December 5, 2012

KEPPEL LAND


KEPPEL LAND shows in weekly chart. It has broken out from Ascending Triangle pattern. Today closing price is at 3.67 and our 1st target is 3.88. 

Keppel Land’s Financial Highlights for the Nine Months Ended 30 September 2012: 

  • Net profit surged 62.2% to $311.1 million for the first nine months of 2012
     
  • Contribution from property trading almost doubled to $230.1 million due mainly to higher
    earnings from Reflections at Keppel Bay and Marina Bay Suites
     
  • Property investment achieved higher profit of $58.6 million, lifted by improved contribution
    from Keppel REIT
     
  • Fund management continued to provide a steady stream of income amounting to 14% of net
    profit

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