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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.

 

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LionelLim8.16Check out our compilation of Target Prices




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