Maybank Kim Eng raised its target price for property developer Keppel Land Ltd to S$4.04 from S$3.65 and kept its 'buy' rating, on signs its sales in China are improving.
Regards-http://sgx-nifty-live.blogspot.in/ 
Keppel Land rated buy; Target price of $4.55
KepLand announced an FY2009 net profit of $280.4 million, boosted by $30.2 million in exceptional gains
from revaluation on investment properties and the acquisition of additional interest in K-REIT. KepLand
enjoyed much stronger property sales in 2009 vis-à-vis 2008, both in Singapore and overseas.
Core profit of $250.2 million was within expectations, increasing 17% y-o-y, driven mainly by stronger
residential property sales. A final dividend of 8 cents has been declared. We believe that KepLand’s
shareprice suffered recently due mainly to mounting concerns of policy risks in China, but we think that
demand for its projects there (predominantly townships) are underpinned by long-term fundamentals and
growth.
Target price of $4.55, pegged at a premium of 10% to its RNAV. Keppel Land MAINTAIN BUY.
Kim Eng Research 26.01.10
At noon, Kepland was down by another 7cts to mark at S$3.29 liao.
Minty88 ( Date: 26-Jan-2010 13:54) Posted:
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8 cents DIVIDEND is AUSPICIOUS for 2010 Chinese New Year********
8 8 8 8 8 8 8 8 * * * * * * * * 8* 8* 8* 8* 8* 8* 8* 8*
Minty88 ( Date: 26-Jan-2010 13:54) Posted:
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Keppel Land; Deutsche Bank maintained a “buy” rating with $3.81 target price.
Keppel Land (K17.SG) may rise after 4Q09 net profit rose 56% on year to $106.9 million,
driven by recovery in Asian economies and property markets.
Stripping out exceptional items, net profit rose 25% on year to $76.6 million, which is still
higher than Dow Jones poll tipped at $66.4 million.
Keppel Land’s outlook remains upbeat, saying the office market is “ready for upswing”,
with easing rate of rental decline, positive take-up for office space.
Deutsche Bank says underlying results is slightly ahead of broker’s own expectations,
with the developer “capitalising on recovery” as it continues to roll out launches and
well placed to make accretive acquisition thanks to strong balance sheet.
The Edge 26.01.10
Can still go UP Tomorrow?
OF COURSE!
WHY NOT?
do YOU still LOVE her Tomorrow?
Saw the word "CD" beside Kepland in sgx. Kepland giving dividend now? anyone know how much?
I thought the propose div of 0.08 cents is suppose to be in April ?
Yup Kepland come out with another sets of good RESULTS again.
Cheers.
OCBC is likely to revise their TP! (",)
Keppel Land Ltd: FY09 Actual
Sales $923.9mln (+15% more than OCBC forecast of $803.0mln)
Profit after taxation $299.3mln (+12.2% more than OCBC forecast of $266.8mln)
VS
(OCBC Research 8Jan'10)
Keppel Land Ltd: Township expansions on the cards; Fair value S$3.86
FY09F
Sales $803.0mln
Shareholders' profit $266.8mln
Within a period of two weeks, Keppel Land (KepLand) announced the acquisition of two sites for township developments.
One is a 303,000 sqm (3.3m sq ft) site in Shenyang’s Hunnan New District, acquired for RMB 884m (S$180m). The other
is a 300,000 sqm (3.2m sq ft) site in Ho Chi Minh City’s District 2. Based on our assumptions, we expect these two projects
to add S$0.16 per share to our RNAV estimate. With the recent increase in K-REIT’s share price, this adds another S$0.09
per share to our RNAV estimate. We are now raising our fair value to S$3.86. Since our strategy report, KepLand’s share
price has increased 13.1% within a month. With limited upside, we are now downgrading KepLand to HOLD purely on
valuation grounds. Nevertheless, we continue to like KepLand for its exposure to the high-end property segment in Singapore
and advise investors to accumulate at S$3.45-S$3.50.
tradersgx ( Date: 25-Jan-2010 11:33) Posted:
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Bloomberg and Thomson Reuters
25.01.2010
Analysts polled by Thomson Reuters expect Keppel Land to report a net profit of $236.68 million.
Keppel Land (KLAN.SI) to announce its full year results after the market close today. Analysts polled by
Thomson Reuters expect the company to report a net profit of $236.68 million.
There is a saying... "Buy on Rumor, Sell on News"
This is actually what is happening to this stock now.
The stock price would probability rise a bit more, but I won't buy this stock now.
williamyeo ( Date: 07-Jan-2010 19:03) Posted:
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KepLand clinches third township site in Ho Chi Minh City
By KALPANA RASHIWALA
Keppel Land has inked a joint venture with Tien Phuoc Co Ltd and Tran Thai Co Ltd to develop a waterfront residential township in Ho Chi Minh City's popular District 2.
'This is a pilot programme which will be developed in phases. The developer will build and transfer to the city a social housing project of about 1,800 apartments. In return, the city will assign to the developer a 30-hectare cleared site, zoned for waterfront development,' KepLand said on Thursday in a regulatory filing with Singapore Exchange.
The prime site is KepLand's third township in Vietnam.
Copyright © 2007 Singapore Press Holdings Ltd. All rights reserved.
williamyeo ( Date: 07-Jan-2010 12:51) Posted:
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Juzztrade ( Date: 07-Jan-2010 12:29) Posted:
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The highest and lowest price ,last done from 1999 to 2008.
| 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |
| Highest | 3.32 | 2.84 | 2.7 | 1.99 | 1.86 | 2.25 | 4.24 | 7.1 | 9.6 | 7.24 |
| Lowest | 1.5 | 1.58 | 1.25 | 0.93 | 0.965 | 1.5 | 2.27 | 3.6 | 6.55 | 1.31 |
| Last done | 2.73 | 2.75 | 1.72 | 0.97 | 1.58 | 2.25 | 3.66 | 6.9 | 7.28 | 1.7 |