SINGAPORE (March 20): UOB KayHian is advising potential investors of Keppel Corp to “hold” and enter the O&M stock at $6.10 with an exit price of $6.45 in mind.
This comes on the back of news that Borr Drilling is seeking to acquire Transocean’s jackup fleet for US$1.2 billion ($1.7 billion).
However, UOB says the impact on Keppel will be "highly subject to outcome of negotiations".
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