Here's why Keppel Land's risk profile is rising

Bulk of asset value in development properties.

Commenting after Keppel Land released its 3Q13 results, Barclays Research said that the company has increased its risk profile with 68% of its asset value now in development properties.

Company data and Barclays Research show that property trading currently makes up 68% of assets, followed by property investment (29%), others (2%) and hotels & resorts (1%).

"While the eventual monetisation of MBFC Tower 3 to KREIT could mean higher special dividends, any reinvestment into China or Singapore residential would raise its volatile trading exposure further," warns the research firm.