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Keppel Land and Keppel Corp postpone post-results analyst and media briefing

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Oil rigs are under construction at Keppel Corp.

KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly.

However, Keppel Land will release their fourth-quarter and full-year results as scheduled on Wednesday, and Keppel Corp, on Thursday, the email said.

Keppel Land's results briefing was originally scheduled for Wednesday evening, and Keppel Corp's, Thursday evening.

Both companies called for a trading halt on Wednesday morning "pending release of announcement".

Keppel Land had hit a 52-week high on Tuesday, with analysts speculating on the possibility of a special dividend announced ahead of its earnings release on Wednesday, or a pick-up in the China market. Analysts had also commented on market rumours of a privatisation by citing a lack of business synergy between the two companies and the high costs of doing so.

Keppel Land last traded at S$3.65 and Keppel Corp, S$8.10.