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Analysts sense special dividend as KepLand soars ahead of results

Payout possibility based on gains from MBFC Tower 3 stake sale; talk of parent taking KepLand private seen unlikely

SHARES of Keppel Land hit a 52-week high on Tuesday, closing 1.1 per cent higher at S$3.65, even while rumours of a potential privatisation by its parent were dismissed by analysts covering the stock.

Despite some market rumours of a potential privatisation, analysts see little prospect