Analysts, investors cheer Keppel's O&M review
Shares end at S$4.45 on Wednesday, up S$0.15 or 3.5%; DBS analyst says worst is over for Keppel
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
UPDATES provided by Singapore conglomerate Keppel Corp at a media and analyst briefing on Tuesday were well-received by analysts and investors. After touching the day's high of S$4.58, Keppel shares finished at S$4.45 on Wednesday, up S$0.15 or 3.5 per cent,.
Keppel had on Tuesday said it had identified some S$17.5 billion in assets that can be monetised over time, and that it would be conducting a strategic review of its offshore and marine (O&M) business.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
