UOB KAYHIAN | |
Keppel Corp (KEP SP) Small But Important Order
KEP reported a S$200m order win which, while relatively small, is an important one in the current bearish industry environment as it enables the company to continue to generate much-needed cashflow for its O&M division. We lower earnings for 2020-22F. Maintain BUY. Target price lowered slightly to S$6.30.
|
|
|
|
|
Check out our compilation of Target Prices