SINGAPORE (July 21): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation with a $7.36 fair value estimate even as the group on Thursday reported a 22.1% decline in profit for quarter ended June.
See: Keppel Corp 2Q earnings sink 22% to $160.3 mil on lower offshore & marine contributions
In a Friday report, lead analyst Low Pei Han notes healthy profits from other core segments of Keppel Corp, with its offshore and marine (O&M) division remaining in the black this quarter.
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