This stock is well-placed to benefit from Indonesia’s gas-to-power initiative

SINGAPORE (Sept 13): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation at a fair value estimate of $7.36 on the notion that it is well positioned to benefit from opportunities in Indonesia’s small-scale liquefied natural gas (LNG) market.

The group last week announced that its offshore and marine (O&M) unit had entered into a heads of agreement (HOA) with Pavilion Energy and Indonesia’s state-owned PT Perusahaan Listrik Negara to explore opportunities in the development of small-scale LNG distribution in West Indonesia.