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Analysts mixed on Keppel after Temasek withdraws partial offer

Jeffrey Tan
Jeffrey Tan8/11/2020 11:15 AM GMT+08  • 2 min read
Analysts mixed on Keppel after Temasek withdraws partial offer
DBS Group Research has turned less optimistic on Keppel Corp following Temasek Holdings’ withdrawal of its partial offer of a 30.55% stake in the conglomerate.
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Analysts are divided on Keppel Corp following Temasek Holdings’ withdrawal of its partial offer of a 30.55% stake in the conglomerate.

On one hand, DBS Group Research has downgraded Keppel to a “hold” rating from “buy” and reduced its target to $5.50 from $6.40 previously.

On the other hand, CGS-CIMB Research has maintained its “add” recommendation with an unchanged target price of $6.46.

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