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Keppel kept at 'buy' with $9 target price as safe proxy to ride O&M recovery

PC Lee
PC Lee • 2 min read
Keppel kept at 'buy' with $9 target price as safe proxy to ride O&M recovery
SINGAPORE (July 20): DBS Group Research continues to favour Keppel as a safer proxy to ride the O&M (Offshore & Marine) recovery, given its multi-pronged businesses. Reiterate “buy” with target price tweaked to $9.00 or 1.3 times FY18F book value.
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