Hot stock: Keppel traded down on Q4 profit slump
SHARES of Keppel Corporation took a hit in morning trade on Friday after the listed conglomerate disclosed overnight a 64.7 per cent slump in its Q4 net profit on S$313 million of provisions for impairments.
The stock hit a low of S$6.18 during morning trade, down 21 cents from previous close, before rebounding to S$6.25 as at 10.43 am after over 3.7 million shares changed hands.
Keppel Corp reported after Thursday's trading close a 64.7 per cent decrease in its Q4 net profit to S$143.06 million. Full-year net profit was S$783.93 million, down 48.6 per cent on S$336 million additional provisions for impairments.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%