With that, Credit Suisse's research team is upgrading its ratings on Keppel Corp and Sembcorp Marine to “outperform” with the respective target prices of $8.70 and $2.40.
SINGAPORE (March 1): Credit Suisse is turning positive on Singapore’s offshore and marine (O&M) sector on expectations of a rerating from close-to-trough valuations.
This comes as oil prices have been stabilising above US$50/bbl with the research house’s proprietary tracker pointing to an inflection in the bidding pipeline for contracts in Feb this year.
