Keppel Corp mysteriously dropped by a staggering S$0.220 (-3.36%) within a single trading day to S$6.320 per share as at 18 October 2023. This was a big surprise to me as today marks the Extra Ordinary General Meeting which concluded with most shareholders (99.9%) voting for the distribution of the special dividend in specie resolution. I was expecting a huge rally instead but it went down the drain instead. I can only attribute it to the fear of the Israeli and Hamas war exacerbating into a “World War” with other countries being drawn in. Strangely, other blue chips did not drop as much as Keppel Corp.
Things to note about the special dividends being declared:
1. The Ex-Dividend date is 24 October 2023;
2. The expected date for distributing the special dividends to shareholders is 7 November 2023.
Finally, after waiting for so long…..the giant Huat Kui has materialized.
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