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UOB advises investors to ‘hold’ on to Keppel despite likely Transocean deal

PC Lee
PC Lee3/20/2017 01:34 PM GMT+08  • 2 min read
UOB advises investors to ‘hold’ on to Keppel despite likely Transocean deal
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.
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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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