However, Daiwa analyst Roystan Tan is maintaining a cautious outlook in its Monday report on the belief that earnings will continue to disappoint investors.
SINGAPORE (March 14): Daiwa Capital Markets is maintaining its “hold” and “sell” calls on Keppel and SembCorp Marine respectively, saying optimism in the sector is unfounded.
Despite poor 4Q16 results, shares of Keppel and SembMarine have rallied by 10-25% year after their announcements.
