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

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

    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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