Keppel Land (K17.SG) +1.0% at $4.85, roughly in-line with broad market gain (STI +0.9%) with relatively thin volume of 1.2 million shares; suggests upwardly revised net gain from sale of stake in MBFC 1 to K-REIT (K71U.SG) -- due to favorable advance tax ruling -- not doing much to generate excitement.

DBS Vickers, which has Buy rating, $4.96 target, notes firm expected to realise net gain of $394 million compared to $321 million reported earlier.

"This would boost the group's book NTA by another 5 cents to $2.64. While this news is unlikely to impact RNAV, our FY10 net profit estimates would be revised up to $719.8 million to reflect the bigger gain."

Orderbook quotes suggest strong cap at $4.90 for stock today.