Wednesday, February 23, 2011

Keppel Land raised to 'Outperform' from 'Neutral' at Macquarie

Stock Name: KepLand
Company Name: KEPPEL LAND LIMITED
Research House: MacQuarie

Keppel Land was raised to “outperform” from “neutral” at Macquarie Group, which said it expects prime office rents to increase by 20% this year and benefit the company’s “significant” exposure to the office sector.

The brokerage maintained its share-price estimate at US$4.21 ($5.38), according to a report by analysts Tuck Yin Soon and Elaine Cheong.
 
 
 

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