Keppel kept at 'Add' with unchanged price target of $9.90

Stock Name: Keppel Corp
Company Name: KEPPEL CORPORATION LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 9.90

SINGAPORE (Jan 20): CIMB is sticking to its "Add" call on Keppel Corp with an unchanged target price of $9.90.

In a Jan 19 report, analyst Lim Siew Khee said in light of Keppel's 50th year anniversary in CY2018, the conglomerate would maintain its dividend policy, conserve offshore and marine (O&M) working capital but accelerate growth in the infrastructure and property units to prepare for a mega-dividend payout.