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Keppel Corp | Buy
Target price: S$7.60
Aug 24 close: S$6.36

DBS Group Research, Aug 24

Keppel has secured two LNG-fuelled containership contracts worth over US$400 million (approximately S$550 million) in total from Honolulu-based Pasha Hawaii. The vessels are expected to be delivered in Q1 2020 and Q3 2020.

This sizeable contract win is encouraging news as order flow has been slow thus far this year. The new win will lift Keppel's year-to-date wins to about S$850 million or 57 per cent of our order...

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