Sunday, August 6, 2017

STOCK IN FOCUS: KEPPEL CORPORATION

Keppel corp stock
Dear readers, Keppel Corporation stock may be in focus when the Singapore stocks market opens on 7 Aug 2017. This arises from the reporting last Friday 7 May 2017 that Professor Huang Jing, a LKYPP Professor has been banned from entering Singapore and his PR status has been revoked.
Huang Jing is a Director of Keppel Land (you can read the profile here). At this time of writing, it was not known whether Huang Jing would or have stepped down from the Board of Directors (but I believe this decision might have to be made by the Board or the shareholders). Though Keppel Land as a listed entity has been delisted from the Singapore Stocks Exchange, Keppel Land remains a subsidiary of Keppel Corporation. And hence it remains to be seen whether investors will link this Huang Jing saga to Keppel Corporation and how this would have an effect on Keppel Corporation stock price.

Keppel Corporation stock closed 0.8% lower last Friday, though the news of Huang Jing was reported after the trading hours last Friday Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
 

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