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. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook