Keppel Offshore & Marine (KOM)

Broker's Calls

CGS-CIMB retains ‘buy’ on Keppel Corporation, citing strong recovery in multiple sectors

CGS-CIMB Research has retained “buy” on Keppel Corporation (KEP) with an unchanged target price of $8.70.

Results

Sembcorp Marine signs revised agreements on proposed combination with Keppel O&M; posts improvement in 3QFY2022 update

Sembcorp Marine inks revised agreement on merger with Keppel O&M; posts 3Q business updates.

Broker's Calls

Citi reiterates 'buy' call for Keppel as order book reaches highest level since 2007

Keppel O&M's repeat newbuild FPSO contract win from Petrobras worth US$2.8 billion brings Keppel’s order book to $11.8 billion.
Sembcorp Marine explains rationale for various valuation methodologies again - THE EDGE SINGAPORE

M&A

Sembcorp Marine explains rationale for various valuation methodologies again

Sembcorp Marine issues explanations for valuation methodologies that assign 44% of proposed combined entity to it.
Terms of merger are unfair, says a top 20 Sembcorp Marine shareholder - THE EDGE SINGAPORE

Offshore & Marine

Terms of merger are unfair, says a top 20 Sembcorp Marine shareholder

Merger terms are unfair to SCM shareholders says SCM shareholder
How will Bayberry trade once it’s listed? Likely lower than $0.122 - THE EDGE SINGAPORE

Right Timing

How will Bayberry trade once it’s listed? Likely lower than $0.122

Keppel Corp's share price is linked to Sembcorp Marine's share price through Bayberry's valuation impact on Keppel O&M
Keppel wins as Bayberry is primed for listing  - THE EDGE SINGAPORE

M&A

Keppel wins as Bayberry is primed for listing

Keppel Offshore & Marine (KOM) and Sembcorp Marine have announced merger plans to create Bayberry; KOM to divest legacy rigs
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