Keppel Land Limited
SIN:K17 ISIN:SG1R31002210
Keppel Land Limited (SIN:K17) is a holding, management and investment company. The principal activities of its subsidiary companies consist of property investment and development, fund management and property related services. As an office developer in Singapore, Keppel Land contributes to defining and refining the city’s skyline with landmark developments, such as Ocean Financial Centre and Marina Bay Financial Centre in the Central Business District. Keppel Land is also Asia’s premier home developer with waterfront homes at Keppel Bay and Marina Bay.
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Overnight US stocks broadly declined after new figures from the Federal Reserve showed that consumer credit dropped unexpectedly in February. The sharp plunge in consumer credit was an indication that households are still in a cautious frame of mind despite U.S. economic recovery. Asian markets opened lower this morning following the drops in Wall Street. But Wednesday most Asian stocks gained, helped by stronger oil prices and upbeat corporate earnings. Hong Kong's Hang Seng surged 1.8 per cent, while China's Shanghai Composite fell 0.3 per cent as real estate shares were hurt by fears of further measures to cool the property market. Japan's Nikkei 225 posted a 0.1 per cent rise and South Korea's Kospi Composite finished nearly unchanged.
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