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UOB Kay Hian lowers earnings estimates, target price for Keppel Corp despite $200 mil contracts

Felicia Tan
Felicia Tan9/28/2020 12:22 PM GMT+08  • 2 min read
UOB Kay Hian lowers earnings estimates, target price for Keppel Corp despite $200 mil contracts
"In our view, there will be more orders to come in the near to medium term," says UOB Kay Hian analyst Adrian Loh.
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UOB Kay Hian analyst Adrian Loh has maintained his “buy” rating on Keppel Corporation on September 23, a day after Keppel Offshore & Marine (O&M) reported that it has scored two contracts worth a total of $200 million.


See: Keppel O&M secures two contracts worth a total of $200 mil

The order win, while “relatively small”, enables the company to generate much-needed cashflow for its O&M division, Loh says.

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