SINGAPORE (Dec 8): UOB KayHian is maintaining its “buy” call on Keppel given the rebound in the local property market, steady home sales in China and a doubling of Keppel Capital’s AUM to $50 billion.
In a Thursday report, analyst Foo Zhi Wei says Keppel’s earnings in 2018-19 will largely driven by property sales in China.
These will largely come from its Tianjin Eco City project followed closely by its Wuxi projects.
