Have investors found a keeper in Keppel?

By PC Lee / The Edge Singapore | July 23, 2019 3:30 PM SGT
SINGAPORE (July 22): Keppel Corporation, the conglomerate with four core businesses comprising property, offshore & marine, infrastructure and investments, reported a 39% decline in 2Q19 earnings to $153 million from a year ago.
So, will Keppel see a better third quarter and second half?
In 2Q19, Keppel’s property division posted a PBT of $161 million, down 38% from a year ago.
This was due mainly to the absence of gains from en-bloc sales of development projects which was recorded in 2Q18.
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