In a Friday report, RHB’s research team estimates the group’s current order book to stand at $3.8 billion following the addition of another $85 million worth of new orders with its recently-announced contract wins.
SINGAPORE (June 30): RHB is maintaining its “buy” call on local conglomerate Keppel Corporation with a lower target price of $7.34 compared to $7.55 previously, after adjusting its discount rate and valuation for Keppel Land, Keppel Capital, and the offshore and marine (O&M) division.
No changes have been made to the research house’s earnings forecasts for the group.
