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Why Keppel Land could return "up to fifteen percent"
Beijing-based trader Fredrik Oqvist, from ChinaRAI, is looking to profit from Chinese overseas property purchases, and is mainly targeting Hong Kong, Singapore and the US. He has picked Keppel Land, one of Singapore's largest multi-national groups, as a specific stock to focus on. And he's hoping for a ten to fifteen per cent upside to the trade.
Keppel Land reported strong sales in China in the first half of the year; the company sold 1,940 residential units there, leading to a 79.3 percent jump in profit contribution from overseas operations.
Singapore is the most-expensive residential market after Hong Kong, according to a Knight Frank LLP and Citi Private Bank report released last year.
00:56 minutes
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