Active presence in China, improving O&M segment keep this stock's outlook bright
Michelle Zhu • • 2 min read
SINGAPORE (Jan 4): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation with a fair value estimate of $7.25 on expectations of a continued recovery in the offshore and marine (O&M) segment, as well as the group’s recent devel
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SINGAPORE (Jan 4): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation with a fair value estimate of $7.25 on expectations of a continued recovery in the offshore and marine (O&M) segment, as well as the group’s recent developments in China.
The research house is forecasting $2.5 billion of new orders for O&M in 2019 after an estimated $1.7 billion worth of new orders were secured in 2018, compared to $1.1 billion in 2017.
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