Recently, the share price of Keppel Ltd finally roared back to life after being in a limbo for the past 2 years. From its share price of S$6.87 per share as at beginning of January 2025, it has now hit an improved market valuation of S$7.74 per share as at 11 July 2025. This is an impressive 12.7% capital appreciation in 2025 alone for all retail investors. Congrats to all fellow shareholders who are holding on to Keppel Ltd and have subscribed to the revised asset light model strategy which focuses now on building up recurring income from management of investment assets. For myself, Keppel Ltd has been my best performing non-banking stock with a total gain of +S$22K (including S$6.2K of dividends) which is a +27.8% return. I had been accumulating shares of Keppel Ltd from May 2023 to November 2024. I have listed below the reasons for the sudden rise in the market price of Keppel Ltd....