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Keppel kept at ‘buy’ with eyes on China home sales

PC Lee
PC Lee12/8/2017 10:58 AM GMT+08  • 2 min read
Keppel kept at ‘buy’ with eyes on China home sales
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.
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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.

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