Home Capital Broker's Calls

Keppel Corp on track to regain shareholders' trust, says CGS-CIMB

Michelle Zhu
Michelle Zhu5/22/2018 11:21 AM GMT+08  • 2 min read
Keppel Corp on track to regain shareholders' trust, says CGS-CIMB
SINGAPORE (May 22): CGS-CIMB Securities is reiterating its “add” call on Keppel Corporation with an unchanged target price of $10 while highlighting the stock as its preferred pick in the capital goods sector as well as a “solid long-term investment
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 22): CGS-CIMB Securities is reiterating its “add” call on Keppel Corporation with an unchanged target price of $10 while highlighting the stock as its preferred pick in the capital goods sector as well as a “solid long-term investment candidate” that is on track to regaining its shareholders’ trust, in the research house’s view.

This comes after recently hosting the group’s CEO on an NDR in the US, where Keppel’s management identified Vietnam as a key market capital allocation; said it was positive on the O&M outlook and synergies to the group; and identified liquidity, employment and economic growth as key factors to its property markets in Singapore, Vietnam and China rather than interest rates.

In a report on Monday, analyst Lim Siew Khee says she believes a stronger balance sheet from Keppel O&M and its property division could result in a special FY18F DPS of 8-10 cents, or a dividend yield payout of about 4.2%, which is higher than peers.

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)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now