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)
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
