#Business

Keppel share price aiming for $7

Keppel share price aiming for
Written by Admin

LIFETIME MEMBERSHIP Three cheers for Keppel share price! On 24 June, Keppel announced the signing of non-binding MOU with Sembcorp Marine with a view of combining Keppel Offshore & Marine (KOM) and Sembcorp Marine. Rumours of a merger between the two top dogs in the oil and gas sector had been swirling for years. Many investors had expected the deal to be the perfect catalyst for Keppel share price because of the economy of scale and operating synergies.

Indeed, market reactions had been positive for Keppel initially. Keppel share price surged from $5.10 on 24 June to a high of $5.60 on 28 June. Within a span of just four days, Keppel share price increased by 10%. In my previous article, I wrote that my target Keppel share price in 2021 was $5.50. Now that the counter has crossed this level, I do think that $7 could be the next attainable milestone for Keppel share price in 2021.

— Keppel share price aiming for

The $5.50 share price price level was previously based on the assumption that Keppel could make net profit $500 million for the full-year in 2021. Incidentally, the 24 June announcement revealed that Keppel will receive shares in the new listed company …

The post Keppel share price aiming for $7 appeared first on SG Wealth Builder.

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