Home Capital Broker's Calls

Is the rally in Keppel shares really sustainable?

PC Lee
PC Lee12/12/2016 01:09 PM GMT+08  • 2 min read
Is the rally in Keppel shares really sustainable?
SINGAPORE (Dec 12): Maybank Kim Eng sees the recent sentiment-driven rally in Keppel Corp shares as unsustainable.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 12): Maybank Kim Eng sees the recent sentiment-driven rally in Keppel Corp shares as unsustainable.

In a recent report, analyst Yeak Chee Keong was surprised that Keppel was among the top gainers after news of OPEC’s production cut agreement broke.

“The stock price reaction even though O&M accounted for 26% of its 9M16 meet profits shows that the market still treats Keppel as an oil-related play,” says Yeak.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now