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RHB shrugs off prolonged O&M downturn, keeps ‘buy’ on Keppel, Sembcorp, Sembmarine

Broker's Calls

RHB shrugs off prolonged O&M downturn, keeps ‘buy’ on Keppel, Sembcorp, Sembmarine

Jeffrey Tan Published on Wed, Jul 08, 2020 / 11:40 AM GMT+8

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SINGAPORE (July 8): Despite the prolonged downturn in the offshore and marine (O&M) sector, RHB Securities continues to be “overweight” on the sector.

The brokerage has kept its “buy” calls on Keppel Corp, Sembcorp Industries and Sembcorp Marine (Sembmarine), with target price of $7.30, $2.11 and $1.13, respectively.

Of the three, Keppel is its top pick.

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