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Keppel Corp to seek refuge in property as O&M continues to sink

Jude Chan
Jude Chan7/21/2017 1:27 PM GMT+08  • 3 min read
Keppel Corp to seek refuge in property as O&M continues to sink
SINGAPORE (July 21): UOB Kay Hian and CIMB Research are keeping Keppel Corporation at “hold”, even as the conglomerate struggles to weather the protracted storm facing its offshore & marine (O&M) segment.
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SINGAPORE (July 21): UOB Kay Hian and CIMB Research are keeping Keppel Corporation at “hold”, even as the conglomerate struggles to weather the protracted storm facing its offshore & marine (O&M) segment.

“The contracting outlook for the O&M division remains moribund,” says UOB lead analyst Foo Zhi Wei in a Friday report.

Dragged by lower O&M revenue, Keppel saw its earnings tumble 22.1% to $160.3 million for the second quarter ended June.

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