Stock Name: Kep Corp
Company Name: KEPPEL CORPORATION LIMITED
Company Name: KEPPEL CORPORATION LIMITED
| Research House: UOB KayHian | Price Call: BUY | Target Price: 12.55 |
Keppel’s jack-up rig order from new customer Falcon Energy, appears to be the highest price paid so far for a KFELS B Class jack-up at US$226 million, UOB KayHian says. With Keppel’s year-to-date new contracts already at $2.15 billion, the company could exceed UOB-KH’s 2013 target for $5 billion, it says. It rates the stock at Buy with a $12.55 target. The stock is down 1.0% at $11.28.
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