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Keppel shares gain 5.4% on Q3 return to profitability

Analysts say all eyes are now on the offshore and marine business, which is under strategic review

Fiona Lam

Published Fri, Oct 30, 2020 · 09:50 PM

Singapore

INVESTOR optimism gave Keppel Corp's share price a boost on Friday, after the conglomerate said it was back in the black for the July-September period versus the previous quarter's S$697.6 million net loss.

The stock gained 5.4 per cent or S$0.23 to reach a high of S$4.50 at about 11.26am. It then slowed slightly to end at S$4.39 for the day, up 2.81 per cent or S$0.12. About 10.8 million shares changed hands.