Stock Movement - Keppel Corp closes above 9.31

Keppel Corp closes at 9.31 today, which is also the intra-day high. This has also set a new 52 weeks high for the stock.

Author's Note
The are a few possible reasons for the surge:

• Month/Quarter end window dressing
• Analyst target price for the stock, mostly at the high side of $9 up to $11++.
• Recent winnings of contracts announced over 3 consecutive days, namely:

• 25 MAR 2010: Keppel Offshore & Marine secures $140 million worth of contracts from repeat customers 
• 24 MAR 2010: Keppel Shipyard secures conversion contracts worth $160 million  
• 23 MAR 2010: Keppel Corp bags first major newbuild contract for German offshore wind farm 

• The upcoming attractive divdend ($230 cash and 200 shares of the to-be-listed Keppel Green Trust per lot of Keppel Corp), to be XD in April 27.