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Beware the slippages in Keppel T&T’s 3Q earnings: CIMB

Michelle Zhu
Michelle Zhu10/21/2016 04:09 PM GMT+08  • 2 min read
Beware the slippages in Keppel T&T’s 3Q earnings: CIMB
SINGAPORE (Oct 21): CIMB has downgraded Keppel Telecommunications & Transportation (Keppel T&T) to "hold" from "add" with a lower target price of $1.77 from $1.83 previously.
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SINGAPORE (Oct 21): CIMB has downgraded Keppel Telecommunications & Transportation (Keppel T&T) to "hold" from "add" with a lower target price of $1.77 from $1.83 previously.

The research house has cut the stock’s FY16-18F earnings per share (EPS) forecasts by 2-8% following the stock’s recent share price run, as well as the announcement of the company’s 3Q earnings on Wednesday.

(See also: Keppel T&T's 3Q earnings more than quadruple to $69.9 mil; announces $4.6 mil logistics acquisition)

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