$Keppel(BN4.SG) is trading at S$11.44, down 1.29%, as investors take profits ahead of tonight’s U.S. CPI data and major U.S. bank earnings. The weakness is largely driven by broader market caution rather than company-specific news.Despite today’s decline, the stock remains well above its recent support levels, suggesting the longer-term uptrend is still intact. Higher oil prices could continue to support Keppel’s energy and offshore businesses, although rising bond yields may keep near term sentiment cautious.

📊 A decisive break above resistance could reignite bullish momentum toward S$11.90, while holding above support would indicate this is simply a healthy consolidation.

Keppel continues to benefit from its diversified exposure to infrastructure, energy transition, asset management, and data centres, providing a solid long-term growth story.

📈 Cautiously Bullish – Short term volatility is expected, but as long as S$11.00 holds, the medium term outlook remains constructive.