Keppel: hard to call bottom but troughs approaching

IN hindsight, Keppel Corporation's big bet to take subsidiary Keppel Land private a year ago is proving to be a smart move.

Keppel Land's multi-billion-dollar property portfolio is one pillar of strength that investors can cling to in a world drowning in cheap oil.

With prime office assets in Singapore held in its 45-per-cent subsidiary Keppel Reit, and a string of homes and offices to be launched in China and South-east Asia, investors can still count on some kind of hard asset value existing or being created.

This is especially pertinent if Ke…