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".
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)
