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Challenging contract environment to continue weighing Keppel down

Michelle Zhu
Michelle Zhu5/24/2017 11:19 AM GMT+08  • 2 min read
Challenging contract environment to continue weighing Keppel down
SINGAPORE (May 24): UOB Kay Hian is reiterating its “hold” call on Keppel Corporation with an unchanged target price of $6.55.
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SINGAPORE (May 24): UOB Kay Hian is reiterating its “hold” call on Keppel Corporation with an unchanged target price of $6.55.

The group yesterday announced that its offshore and marine arm, Keppel Offshore & Marine (Keppel O&M), has won a contract to build two dredgers valued at $120 million, including owner-furnished equipment, for Codralux SA, a wholly-owned subsidiary of Jan De Nul Group.

(See also: Keppel to build two additional dredgers worth $120 mil for Jan De Nul)

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