Stock Name: Keppel Corp
Company Name: KEPPEL CORPORATION LIMITED
Company Name: KEPPEL CORPORATION LIMITED
| Research House: UOB KayHian | Price Call: HOLD | Target Price: 8.80 |
SINGAPORE (Jan 23): UOB Kay Hian is maintaining its "hold" call on Keppel Corp with a lower target price of $8.80 from $9.50 previously.
In a report out today led by analyst Nancy Wei, UOB said Keppel's results came within its expectations, when exceptional gains were excluded.
Wei is however lowering her net profit forecasts for 2015-16 by 5-10% on lower contract win
assumptions.
In the latest 4Q14, Keppel reported a net profit of $726 million for the quarter and $1.9 billion for 2014, up 6% and 2% from a year ago respectively.
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