I am not a fan of conspiracy theories.
However, sometimes data does show a trail.
I will provide the data, you can draw your own conclusion.
In the first chart below, you see the Keppel REIT stock chart for the last six months.
You can see the break down on 24th July of this year.
The volume was around 3 million shares.
The average volume for the week before was 1.5 million shares.
The volume doubled and the share was down significantly breaking a 50 day moving average.
Now it gets a bit interesting.
In the next chart you see the comparison of Keppel REIT and Keppel Land.
For the six months prior to that, Keppel Land was underperforming Keppel REIT by 3%.
In this next chart, you see a significant jump in Keppel Land share on the very next day.
The volumes were significant on that day for Keppel Land and Keppel REIT.
I leave the reader to read this and draw your own conclusions.