Keppel Land Ltd is one of the largest property developers in Southeast Asia with total equity of S$6.8 billion. Unfortunately that the company’s market capitalization is only S$5.45 billion or about Rp48 trillion. In the first half of 2013, Keppel Land booked net profit of S$192 million only, down 18.8% from the corresponding period of 2012. The company has decided to sell all its shareholdings in Jakarta Garden City to Modernland Realty (MDLN). How about other assets?
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