Analysts from PhillipCapital and UOB Kay Hian have kept their ‘buy’ calls on Keppel Corp with unchanged target prices of $6.12 and $6.37 respectively after the company announced it will be recognising an impairment loss of $318 million with respect to its exposure to KrisEnergy.

See: Keppel Corp to recognise impairment loss of $318 mil in 1H21 on exposure to KrisEnergy

The analysts from both brokerages highlight that the impairment is not expected to have an impact on Keppel’s FY2021 ending December final dividend, as Keppel has stated that it will ringfence the impairment loss.

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