SUBSCRIBERS

Temasek's offer for Keppel may stay but at a lower price: analysts

Analysts cutting their target prices even though they're keeping their 'buy' calls

Published Mon, Aug 3, 2020 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

SOME analysts are keeping faith with Temasek Holdings going through with its partial offer for Keppel Corporation given the need for consolidation in the sector.

But the offer price may be lowered, leading them to cut their target prices even though they're keeping their "buy" calls.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.