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Keppel Land rated buy

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Kim Eng Research in a Jan 26 research report says: “KepLand announced an FY2009 net profit of $280.4 million, boosted by $30.2 million in exceptional gains from revaluation on investment properties and the acquisition of additional interest in K-REIT. KepLand enjoyed much stronger property sales in 2009 vis-à-vis 2008, both in Singapore and overseas.

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