Keppel shares gain after return to profit; analysts cheer growth initiatives
CGS-CIMB raises target price to S$6.90 from S$6.40 while DBS has a target of S$6.20
Singapore
SHARES of Keppel Corp rose amid heavy trading on Friday, as investors priced in a return to profitability for the conglomerate.
Keppel rose as high as S$5.54 on Friday before ending at S$5.49, up S$0.10 or 1.9 per cent. A total of 11.3 million shares worth S$62.2 million changed hands, making it the fifth most traded stock by value on the Singapore Exchange that day.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT
Infineon launches savings programme as weak demand persists
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
Nintendo to announce Switch successor details this financial year