Home Capital Broker's Calls

Analysts maintain 'buy' calls on Keppel Corp despite dismal 3Q19

Uma Devi
Uma Devi10/18/2019 04:19 PM GMT+08  • 4 min read
Analysts maintain 'buy' calls on Keppel Corp despite dismal 3Q19
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 18): On the surface, Keppel Corporation had a dismal 3Q19.

The conglomerate missed analysts’ estimates, as earnings dived 29.7% to $159.3 million during the quarter, down from $226.6 million in 3Q18.

The decline was primarily attributable to the absence of one-off gains from the group’s divestment of a commercial development in Beijing, as well as higher net interest expenses.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now