Why did the keppel share price hit a 12-year high today?

Stronger H2 results, a proposed 13-cent special dividend, and Street upgrades pushed sentiment higher. Analysts raised the Keppel target price to almost S$14, citing improved earnings visibility and asset recycling potential. Rising volumes and a break above prior highs added technical momentum to the move.

What is the latest Keppel target price and what supports it?

Recent reports indicate targets approaching S$14, supported by a 27.2% H2 net profit rise, the proposed special dividend, and 2026 project contributions. Analysts also point to asset monetisation and recurring infrastructure income as drivers that can support earnings and capital returns.

What should I know about the Keppel special dividend?

Management proposed a 13-cent special dividend. It is separate from the ordinary payout and, per media reports, does not include any proceeds from a potential M1 divestment. Final payout and timing remain subject to approvals and announcements, which could influence the keppel share price.

How could the Keppel M1 sale affect shareholders?

If completed, the Keppel M1 sale could free up capital for extra dividends, buybacks, or reinvestment. The impact depends on valuation, timing, and board decisions. A well-priced deal may lift sentiment and support the keppel share price, while delays or weaker terms could temper expectations.

Global Market Insights

BN4.SI Stock Today: Target Hikes Lift Keppel to 12-Year High, February 9

ByDanny Kontos February 9, 2026February 9, 2026

The keppel share price hit a 12-year high on Feb 9 as investors cheered stronger H2 results and a proposed 13-cent special dividend. We track BN4.SI at S$12.10 (+4.13%), after an intraday top at S$12.12. Upgrades to the Keppel target price followed a 27.2% surge in H2 net profit. The market is also watching the Keppel M1 sale and 2026 infrastructure contributions as the next catalysts. Here is what Singapore investors need to know today.