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Analysts positive about Keppel’s asset monetisation targets, see positive share catalysts

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Chong Xin Wei

Published Thu, May 4, 2023 · 12:35 PM
    • CGS-CIMB analysts think that Keppel is likely to reach its Vision 2030 target of S$17.5 billion by 2029, assuming it meets its new targets and keeps up its annual monetisation pace of S$1.8 billion.
    • CGS-CIMB analysts think that Keppel is likely to reach its Vision 2030 target of S$17.5 billion by 2029, assuming it meets its new targets and keeps up its annual monetisation pace of S$1.8 billion. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    ANALYSTS were positive on Keppel Corporation after the group announced on Wednesday (May 3) its goal to reach an asset monetisation of S$10 billion to S$12 billion by the end of 2026.

    CGS-CIMB maintained its “add” call on Keppel and its target price was unchanged at S$8.70.

    This came as the brokerage noted that EY valued the group at around S$14 billion to S$19 billion or equity value of S$7.87 to S$10.69 in the valuation exercise on Thursday.

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