Analysts are more optimistic on Keppel Corp after the conglomerate posted a glowing set of 1HFY2021 results ended June 30.

UOB KayHian says the company’s better-than-expected performance was attributed to strong operational performance from the urban development, asset management and energy & environment business segments.

“Even excluding exceptional items and government grants, the company would have reported a solid net profit of $280 million,” UOB KH analyst Adrian Loh writes in a July 30 report.

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