“Even excluding exceptional items and government grants, the company would have reported a solid net profit of $280 million,” UOB KH analyst Adrian Loh writes in a July 30 report.
Analysts are more optimistic on Keppel Corp after the conglomerate posted a glowing set of 1HFY2021 results ended June 30.
UOB KayHian says the company’s better-than-expected performance was attributed to strong operational performance from the urban development, asset management and energy & environment business segments.
