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Keppel Land rises; Singapore index down on weak China data

Published on Jan 23, 2014 1:57 PM

SINGAPORE (Reuters) - Shares in Keppel Land gained on Thursday, outperforming Singapore's stock market that echoed sluggishness in Asian markets as investors remained cautious about Chinese manufacturing data.

Keppel Land shares rose as much as 2.5 per cent to a near three-week high of $3.34.

The property arm of Keppel Group said its fourth-quarter net profit before fair value gain rose 22 per cent year-on-year.

Overseas earnings rose 64 per cent on stronger contribution from China.

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