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

Yong Jun Yuan

Published Sat, Jul 31, 2021 · 05:50 AM

keppel

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.

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Companies & Markets

Companies & Markets

Keppel shares gain after return to profit; analysts cheer growth initiatives

Yong Jun Yuan

KEYWORDS IN THIS ARTICLE

Companies & Markets

Europe: Stoxx 600 logs best day in three months as banks shine

US: Stocks rally after strong tech results

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

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