Keppel’s contract wins could push O&M biz back to profitability: CGS-CIMB

Keppel Corp’s recent contract wins amounting to $200 million could enable its offshore and marine (O&M) business to return to the black next year, according to CGS-CIMB Research.

Coupled with its low valuation, shares of the company are an opportunity to accumulate now, it says.

On Sept 22, Keppel announced that its subsidiary Keppel Offshore & Marine (Keppel O&M) secured a contract to build a high-specification trailing suction hopper dredger.

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