SINGAPORE (March 30): Maybank is urging shareholders of Keppel to “sell the stock into strength” as its stock price rally is “unsustainable”.

In a Wednesday report, analyst Yeak Chee Keong says Keppel’s recent surge from its $4.71 low was driven purely by oil price sentiments.

“This is unsustainable as rig building fundamentals have not improved and EPS is likely to be subjected to further consensus downgrades in FY16,” says Yeak.

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