Singapore Stock Market News
Keppel - Staying the Course Despite Headwinds
StockFanatic
Publish date: Tue, 16 Sep 2014, 12:23 PM
StockFanatic
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Amid oil price volatility, we reiterate orderbook prospects remain robust and can potentially exceed consensus. Keppel's differentiated strategy pursued over past decade (e.g. rig designs, Pemex venture) suggests it remains far better positioned than competitors.
Read more » Key drivers include:
i) stronger-than-expected demand for FLNG conversion,
ii) market share gains from proprietary design rigs (KFELS N Plus jack ups),
iii) upside earning risks delivering a new peak.
i) stronger-than-expected demand for FLNG conversion,
ii) market share gains from proprietary design rigs (KFELS N Plus jack ups),
iii) upside earning risks delivering a new peak.
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