Keppel Corporation has been an outperformer so far this year, says OCBC Investment Research. “Since the start of the year, the share price of Keppel Corporation has appreciated by about 30% (based on the closing price of $6.66 on April 26), significantly outperforming the broader Straits Times Index.”
As Keppel comes out tops in its long-awaited merger with Sembcorp Marine, analysts recommend investors “buy” Keppel Corporation and “sell” the latter.
In an April 28 note, OCBC Investment Research has a “sell” call on SembMarine with a target price of 11 cents. OCBC Investment Research also has a “buy” call on Keppel Corporation with a target price of $8.78.
