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Market's deep discount to Keppel's O&M arm unwarranted: CGS-CIMB
Published Wed, Sep 23, 2020 · 09:50 PM
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Singapore
KEPPEL Corp has sunk to a trough valuation that is unwarranted, presenting an opportunity to accumulate the stock now, said CGS-CIMB.
In a report dated Tuesday, the brokerage noted that Keppel's shares were trading at a new trough of 0.7 time price-to-book-value (P/BV) ratio for 2020.
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