Keppel's diversity makes it better value than pure O&M play: Goldman
Keppel is seen as an offshore proxy but this could change with oil prices becoming less of a driver to share price
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Annabeth Leow &
Nisha Ramchandani
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Singapore
KEPPEL Corp's non-oil and gas businesses are gaining more heft for the conglomerate, Goldman Sachs said on a day that the company announced separate deals in urban solutions and property development.
Initiating coverage on Keppel, Goldman highlighted that while the group has traditionally been perceived as an offshore and marine (O&M) proxy, this could change with oil prices becoming less of a driver to share price.
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