‘Add’ Keppel with a target price of $9.28
CGS International analysts Lim Siew Khee, Meghana Kande and Tay Wee Kuang are keeping their “overweight” call on the industrial goods and services sector ahead of their earnings announcements.
The companies within the sector are Keppel Limited, Yangzijiang Shipbuilding, Sembcorp Industries, Sats, Seatrium and Singapore Technologies Engineering (ST Engineering). Keppel and Seatrium will announce their 1HFY2025 results on July 31, while Yangzijiang Shipbuilding will announce its half-year results on Aug 6. Sembcorp and ST Engineering will release their 1HFY2025 results on Aug 8 and 14 respectively, while Sats will announce its 1QFY2026 results on the week of Aug 18.
