SINGAPORE (Oct 23): OCBC is maintaining its “hold” call on OCBC with a fair value of $6.96 as more jack-ups jobs are deferred but offshore earnings momentum have began to turn.

In 3Q15, Keppel acceded to requests for slightly later delivery of three jackups from 2015 to early next year.

This is not a surprise, says analyst Low Pei Han in a Friday report, given the current challenging environment, and follows on from the eight rigs that have been deferred earlier this year.

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