Keppel Land

Keppel Land: Nomura keeps Buy, lifts target to $4.68 from $4.30, on par with raised NAV estimate, to reflect contributions from developer's Lakeside residential project in Singapore. Also increases FY10-12 EPS estimates by 9%-37% to factor in changes in sales volume in China, Vietnam markets, higher price assumptions for remaining units of high-end Singapore condos Reflections At Keppel Bay and Marina Bay Suites, Lakeside contributions.