Analysts from DBS Group Research and UOB Kay Hian have kept their “buy” calls on Keppel Corporation after the group announced that it was in talks with Sembcorp Marine (SembMarine) on a potential merger between Keppel O&M and SembMarine on June 24.

See: SembMarine seeks to raise $1.5 bil through rights issue; enters into MOU with Keppel O&M on potential merger and Sembcorp Marine and Keppel begin long-awaited merger talk of O&M business

The research team at OCBC Investment Research has upgraded its call to “buy” from “hold” previously. It has also upped its fair value estimate to $6.33 from $5.50.

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