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
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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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