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Why OCBC is raising Keppel to ‘buy’

PC Lee
PC Lee2/22/2017 04:20 PM GMT+08  • 2 min read
Why OCBC is raising Keppel to ‘buy’
SINGAPORE (Feb 22): OCBC is upgrading Keppel Corp to “buy” with a higher fair value estimate of $7.40 from $6.26 previously on undemanding valuations amid a stabilising environment.
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SINGAPORE (Feb 22): OCBC is upgrading Keppel Corp to “buy” with a higher fair value estimate of $7.40 from $6.26 previously on undemanding valuations amid a stabilising environment.

In Dec last year, OPEC announced that it will cut production – the first time in eight years — and has taken steps to signal its resolve to bolster oil prices.

On Tuesday, OPEC’s secretary general said all OPEC producers part of the supply-cut deal are firmly determined to achieve a higher compliance rate than the 90% compliance reported for Jan.

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