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Keppel: Industry fundamentals still strong

Q3 profit falls 9.5% to S$414m; O&M segment helps offset lower contribution from property division

Published Tue, Oct 21, 2014 · 09:50 PM
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Singapore

KEPPEL Corporation remains upbeat about its offshore and marine (O&M) business despite falling oil prices and oversupply in the jack-up market.

With sound fundamentals and a strong order book, Keppel is optimistic that demand for oil and jack-ups will remain strong in the longer-term even though falling oil prices have had a negative impact on the group's share price recently.

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