DBS Group Research, CGS-CIMB Research, and OCBC Investment Research have maintained Keppel Corporation (Keppel Corp) at “buy”, although all three brokerages have reduced the group’s target price due to its $930 impairment mainly related to Keppel Offshore & Marine (Keppel O&M).
DBS Group Research analyst Ho Pei Hwa has reduced Keppel Corp’s target price to $6.40 from $6.80 previously, while CGS-CIMB Research analyst Lim Siew Khee slashed the group’s target price to $6.46 from $7.48 previously. OCBC’s research team has also cut Keppel Corp’s target price to $6.40 from $7.16.
