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Keppel Corporation divestment gains to cushion against potential impairment on KrisEnergy: CGS-CIMB

Atiqah Mokhtar
Atiqah Mokhtar5/5/2021 03:56 PM GMT+08  • 2 min read
Keppel Corporation divestment gains to cushion against potential impairment on KrisEnergy: CGS-CIMB
CGS-CIMB estimates Keppel Corporation will recognise $447 mil in divestment and corporate action gains in FY21.
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CGS-CIMB Research believes that Keppel Corporation’s recent divestment and restructuring gains could alleviate concerns of potential impairment on its investment in KrisEnergy.

Analyst Lim Siew Khee has kept her ‘add’ rating for Keppel Corporation unchanged with her target price maintained at $6.40 in a May 3 research note.

Keppel Corporation recently announced its joint venture with subsidiaries of Sino-Ocean Group Holding to jointly develop eight plots of land in the eastern part of Tianjin Binhai New Area.

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