Keppel Corp - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
01/04/16	DMG & Partners	Keppel Corp	6.51	10	Buy
01/06/16	Macquarie	Keppel Corp	6.45	5.3	Underperform	PB0.9x
01/08/16	Kim Eng	Keppel Corp	5.82	7.7	Hold
01/08/16	Nomura	Keppel Corp	5.82	5.67	Reduce
01/08/16	UOB Kay Hian	Keppel Corp	5.82	6.3	Hold	PB0.85x
01/12/16	Lim & Tan	Keppel Corp	5.54	0	Buy
01/13/16	Amfrasers	Keppel Corp	5.15	7.16	Hold
01/19/16	DMG & Partners	Keppel Corp	4.85	8.08	Buy	Sum of parts, PB2.5x, PER8x FY16
01/19/16	Nomura	Keppel Corp	4.85	5.05	Neutral	Sum of parts
01/20/16	Kim Eng	Keppel Corp	5.18	4.24	Sell	Sum of parts
01/22/16	Amfrasers	Keppel Corp	4.8	4.26	Sell	Sum of parts
01/22/16	CIMB	Keppel Corp	4.8	4.39	Hold	RNAV (30% discount)
01/22/16	Credit Suisse	Keppel Corp	4.8	5.1	Neutral
01/22/16	DIR	Keppel Corp	4.8	5.4	Outperform	Sum of parts
01/22/16	Lim & Tan	Keppel Corp	4.8	0	Buy
01/22/16	OCBC	Keppel Corp	4.8	4.38	Hold	Sum of parts (10% discount), PB0.7x
01/22/16	UOB Kay Hian	Keppel Corp	4.8	6.05	Buy	PB0.85x
01/25/16	DBS Vickers	Keppel Corp	5.02	5.25	Hold	RNAV (10% discount)
01/26/16	Deutsche	Keppel Corp	4.81	7	Hold
01/28/16	Deutsche	Keppel Corp	4.75	4.8	Hold
01/28/16	Kim Eng	Keppel Corp	4.75	4.24	Sell	Sum of parts
02/03/16	DIR	Keppel Corp	4.9	5.4	Outperform	Sum of parts
02/22/16	OCBC	Keppel Corp	5.34	4.38	Hold
03/07/16	UOB Kay Hian	Keppel Corp	6.1	6.6	Buy
03/09/16	Amfrasers	Keppel Corp	5.77	4.26	Sell
03/09/16	DIR	Keppel Corp	5.77	5.5	Hold	Sum of parts (10% discount)
03/09/16	Kim Eng	Keppel Corp	5.77	4.24	Sell
03/09/16	Lim & Tan	Keppel Corp	5.77	0	Hold
03/11/16	DBS Vickers	Keppel Corp	5.9	5.25	Hold	Sum of parts, PB0.8x FY16
03/14/16	Credit Suisse	Keppel Corp	6.14	5	Underperform
03/14/16	UOB Kay Hian	Keppel Corp	6.14	6.5	Buy	Sum of parts
03/17/16	DIR	Keppel Corp	5.98	5.68	Hold	Sum of parts (20% discount)
03/22/16	OCBC	Keppel Corp	6.03	5.07	Hold	Sum of parts (10% discount), PB0.9x
03/28/16	DMG & Partners	Keppel Corp	5.87	8.08	Buy
03/30/16	Kim Eng	Keppel Corp	5.74	4.42	Sell	Sum of parts
04/01/16	DIR	Keppel Corp	5.83	5.68	Hold	Sum of parts (20% discount)
04/07/16	CIMB	Keppel Corp	5.65	5.53	Hold	RNAV (30% discount)
04/07/16	DBS Vickers	Keppel Corp	5.65	5.25	Hold
04/07/16	Lim & Tan	Keppel Corp	5.65	0	Hold
04/19/16	Amfrasers	Keppel Corp	6	5.6	Hold	Sum of parts
04/19/16	CIMB	Keppel Corp	6	5.14	Reduce	RNAV
04/19/16	Credit Suisse	Keppel Corp	6	5	Underperform
04/19/16	Kim Eng	Keppel Corp	6	4.42	Sell	Sum of parts
04/19/16	Macquarie	Keppel Corp	6	5.3	Underperform
04/19/16	OCBC	Keppel Corp	6	5.57	Hold	Sum of parts
04/19/16	UOB Kay Hian	Keppel Corp	6	6.4	Hold	Sum of parts, Buy @ $5.40
05/04/16	Lim & Tan	Keppel Corp	5.4	0	Hold
05/17/16	Amfrasers	Keppel Corp	5.11	5.6	Buy	Sum of parts
05/18/16	Deutsche	Keppel Corp	5.42	5.9	Hold	Sum of parts
05/20/16	UOB Kay Hian	Keppel Corp	5.22	6.4	Hold
05/24/16	OCBC	Keppel Corp	5.3	5.57	Hold
06/06/16	Kim Eng	Keppel Corp	5.38	4.42	Sell
06/10/16	Credit Suisse	Keppel Corp	5.71	5	Underperform	Sum of parts
06/14/16	UOB Kay Hian	Keppel Corp	5.4	6.4	Hold
06/16/16	DIR	Keppel Corp	5.39	5.67	Hold	Sum of parts
06/27/16	OCBC	Keppel Corp	5.3	5.57	Hold
07/05/16	UOB Kay Hian	Keppel Corp	5.57	6.4	Hold
07/14/16	Credit Suisse	Keppel Corp	5.57	5	Underperform
07/15/16	DIR	Keppel Corp	5.59	5.61	Hold	Sum of parts (10% discount)
07/15/16	Macquarie	Keppel Corp	5.59	5.8	Neutral
07/22/16	Amfrasers	Keppel Corp	5.58	5.67	Hold	Sum of parts
07/22/16	CIMB	Keppel Corp	5.58	5.14	Reduce	RNAV
07/22/16	DBS Vickers	Keppel Corp	5.58	5.25	Hold
07/22/16	Kim Eng	Keppel Corp	5.58	4.5	Sell
07/22/16	Lim & Tan	Keppel Corp	5.58	0	Hold
07/22/16	OCBC	Keppel Corp	5.58	5.68	Hold	Buy @ $5.30
07/22/16	UOB Kay Hian	Keppel Corp	5.58	5.7	Hold	Buy @ $5.10
08/11/16	Deutsche	Keppel Corp	5.25	5.5	Hold
08/11/16	UOB Kay Hian	Keppel Corp	5.25	5.7	Hold	Buy @ $5.10
09/05/16	DIR	Keppel Corp	5.19	5.39	Hold	Sum of parts
09/08/16	Lim & Tan	Keppel Corp	5.41	0	Hold
09/19/16	OCBC	Keppel Corp	5.22	5.68	Hold
09/21/16	Kim Eng	Keppel Corp	5.27	4.54	Sell	Sum of parts
10/03/16	UOB Kay Hian	Keppel Corp	5.42	5.7	Hold
10/06/16	Lim & Tan	Keppel Corp	5.39	0	Hold
10/10/16	DIR	Keppel Corp	5.46	5.72	Hold	Sum of parts (10% discount)
10/21/16	CIMB	Keppel Corp	5.44	5.14	Reduce	RNAV
10/21/16	Credit Suisse	Keppel Corp	5.44	5	Underperform
10/21/16	DBS Vickers	Keppel Corp	5.44	5.25	Hold	Sum of parts, PB0.8x FY16
10/21/16	Kim Eng	Keppel Corp	5.44	4.57	Sell	Sum of parts
10/21/16	OCBC	Keppel Corp	5.44	5.71	Hold
10/21/16	UOB Kay Hian	Keppel Corp	5.44	5.04	Hold	Sum of parts, Buy @ $4.85
10/24/16	Macquarie	Keppel Corp	5.31	5.8	Neutral	Sum of parts
11/03/16	Amfrasers	Keppel Corp	5.25	5.93	Buy
11/03/16	OCBC	Keppel Corp	5.25	5.71	Hold
11/04/16	Credit Suisse	Keppel Corp	5.27	5	Underperform
12/02/16	DMG & Partners	Keppel Corp	5.89	6.52	Buy
12/05/16	CIMB	Keppel Corp	5.93	5.14	Reduce	RNAV
12/07/16	Deutsche	Keppel Corp	5.9	5.5	Hold
12/07/16	UOB Kay Hian	Keppel Corp	5.9	6.25	Hold	PB1.2x
12/12/16	OCBC	Keppel Corp	5.93	5.71	Hold
12/13/16	Kim Eng	Keppel Corp	6.28	4.57	Sell	Sum of parts
12/22/16	Lim & Tan	Keppel Corp	5.9	0	Hold
12/22/16	Morgan Stanley	Keppel Corp	5.9	5.8	Equal Weight
01/03/17	DMG & Partners	Keppel Corp	5.79	6.52	Buy	Sum of parts
01/05/17	Deutsche	Keppel Corp	5.82	5.9	Hold	Sum of parts (15% discount)
01/16/17	DIR	Keppel Corp	6.12	5.72	Hold
01/25/17	Credit Suisse	Keppel Corp	6.36	5	Underperform
01/27/17	CIMB	Keppel Corp	6.38	5.21	Reduce	RNAV
01/27/17	DIR	Keppel Corp	6.38	5.93	Hold	Sum of parts (10% discount)
01/27/17	DMG & Partners	Keppel Corp	6.38	7.39	Buy	Sum of parts, PER10x FY17
01/27/17	Lim & Tan	Keppel Corp	6.38	0	Sell	Bloomberg consensus $5.79
01/27/17	OCBC	Keppel Corp	6.38	6.26	Hold
01/27/17	UOB Kay Hian	Keppel Corp	6.38	6.45	Hold	Sum of parts, Buy @ $5.90
01/31/17	Amfrasers	Keppel Corp	6.27	6.5	Hold	Sum of parts
01/31/17	DBS Vickers	Keppel Corp	6.27	6	Hold	Sum of parts
02/17/17	CLSA	Keppel Corp	6.53	7.6	Buy
02/22/17	OCBC	Keppel Corp	6.57	7.4	Buy
03/01/17	Credit Suisse	Keppel Corp	6.81	8.7	Outperform	Sum of parts
03/14/17	DIR	Keppel Corp	6.75	6.44	Hold	Sum of parts
03/14/17	Deutsche	Keppel Corp	6.75	6.4	Hold
03/20/17	DBS Vickers	Keppel Corp	6.87	6	Hold	Sum of parts, PB0.9x FY17
03/20/17	UOB Kay Hian	Keppel Corp	6.87	6.45	Hold	Sum of parts, Buy @ $6.10
03/21/17	CIMB	Keppel Corp	6.85	7.24	Hold	Sum of parts
03/22/17	DMG & Partners	Keppel Corp	6.83	7.77	Buy	Sum of parts, PER10.6x FY17
03/22/17	OCBC	Keppel Corp	6.83	7.4	Buy
03/22/17	UOB Kay Hian	Keppel Corp	6.83	6.98	Hold	Sum of parts, Buy @ $6.25
04/07/17	Credit Suisse	Keppel Corp	6.84	8.7	Outperform
04/11/17	Lim & Tan	Keppel Corp	6.96	0	Hold
04/21/17	CIMB	Keppel Corp	6.55	7.24	Hold	Sum of parts
04/21/17	DIR	Keppel Corp	6.55	6.44	Hold	Sum of parts (10% discount)
04/21/17	OCBC	Keppel Corp	6.55	7.36	Buy	PB1.1x
04/21/17	UOB Kay Hian	Keppel Corp	6.55	6.55	Hold	Sum of parts, Buy @ $5.90
04/24/17	DBS Vickers	Keppel Corp	6.56	6	Hold	Sum of parts, PB0.9x FY17
04/24/17	DMG & Partners	Keppel Corp	6.56	7.56	Buy	Sum of parts
04/25/17	Amfrasers	Keppel Corp	6.51	7.02	Buy	Sum of parts
04/28/17	Macquarie	Keppel Corp	6.57	5.8	Neutral
05/24/17	UOB Kay Hian	Keppel Corp	6.55	6.55	Hold
05/30/17	DMG & Partners	Keppel Corp	6.48	7.55	Buy	Sum of parts
06/02/17	OCBC	Keppel Corp	6.46	7.36	Buy	Sum of parts (10% discount)
06/20/17	UOB Kay Hian	Keppel Corp	6.31	6.55	Hold
06/30/17	DMG & Partners	Keppel Corp	6.36	7.34	Buy	Sum of parts
07/04/17	Credit Suisse	Keppel Corp	6.32	8.7	Outperform
07/05/17	DIR	Keppel Corp	6.34	6.44	Hold	Sum of parts
07/05/17	OCBC	Keppel Corp	6.34	7.36	Buy
07/07/17	UOB Kay Hian	Keppel Corp	6.4	6.55	Hold	Sum of parts, Buy @ $5.90
07/21/17	UOB Kay Hian	Keppel Corp	6.53	6.86	Hold	Sum of parts, Buy @ $6.20
07/21/17	CIMB	Keppel Corp	6.53	7.24	Hold	Sum of parts
07/21/17	DIR	Keppel Corp	6.53	6.39	Hold	Sum of parts
07/21/17	DBS Vickers	Keppel Corp	6.53	7.6	Buy	Sum of parts, PB1.1x FY17
07/21/17	Lim & Tan	Keppel Corp	6.53	0	Hold
07/24/17	Macquarie	Keppel Corp	6.58	5.8	Neutral
07/24/17	Amfrasers	Keppel Corp	6.58	7.61	Buy	Sum of parts
08/01/17	Credit Suisse	Keppel Corp	6.41	8.7	Outperform	PER12.1x FY17, PB0.9x
08/18/17	Lim & Tan	Keppel Corp	6.33	0	Hold
08/18/17	DBS Vickers	Keppel Corp	6.33	7.6	Buy	Sum of parts
08/25/17	CIMB	Keppel Corp	6.36	7.24	Hold	Sum of parts
08/25/17	Morgan Stanley	Keppel Corp	6.36	6.18	Equal Weight	Sum of parts
08/29/17	DMG & Partners	Keppel Corp	6.39	7.34	Buy	Sum of parts
09/13/17	OCBC	Keppel Corp	6.27	7.36	Buy
09/15/17	UOB Kay Hian	Keppel Corp	6.29	6.86	Hold
09/20/17	DBS Vickers	Keppel Corp	6.38	7.6	Buy	Sum of parts
09/20/17	Deutsche	Keppel Corp	6.38	7.5	Buy
09/27/17	Credit Suisse	Keppel Corp	6.46	8.7	Outperform
10/02/17	UOB Kay Hian	Keppel Corp	6.49	6.71	Hold
10/05/17	Lim & Tan	Keppel Corp	6.52	0	Buy
10/06/17	OCBC	Keppel Corp	6.59	7.36	Buy
10/09/17	DBS Vickers	Keppel Corp	6.68	7.6	Buy
10/11/17	Credit Suisse	Keppel Corp	6.77	8.7	Outperform	Sum of parts
10/13/17	CIMB	Keppel Corp	6.79	8.58	Add	Sum of parts
10/20/17	OCBC	Keppel Corp	7.02	7.73	Buy
10/20/17	Amfrasers	Keppel Corp	7.02	7.61	Buy	Sum of parts
10/20/17	UOB Kay Hian	Keppel Corp	7.02	8.35	Buy	Sum of parts
10/20/17	Lim & Tan	Keppel Corp	7.02	0	Buy
10/23/17	DMG & Partners	Keppel Corp	7.3	7.92	Buy	Sum of parts
10/27/17	OCBC	Keppel Corp	7.4	8.31	Buy	Sum of parts
11/03/17	Morgan Stanley	Keppel Corp	7.66	6.18	Equal Weight	Sum of parts
11/09/17	UOB Kay Hian	Keppel Corp	7.57	8.35	Buy
11/09/17	Deutsche	Keppel Corp	7.57	8.6	Buy
11/17/17	CIMB	Keppel Corp	7.28	8.58	Add
11/24/17	Lim & Tan	Keppel Corp	7.59	0	Buy
11/29/17	OCBC	Keppel Corp	7.74	8.41	Buy
12/04/17	Lim & Tan	Keppel Corp	7.76	0	Buy
12/08/17	UOB Kay Hian	Keppel Corp	7.49	8.98	Buy	Sum of parts
12/18/17	Amfrasers	Keppel Corp	7.53	8.67	Buy	Sum of parts
12/20/17	CIMB	Keppel Corp	7.5	8.58	Add	Sum of parts
12/26/17	Amfrasers	Keppel Corp	7.47	8.04	Buy	Sum of parts
12/26/17	OCBC	Keppel Corp	7.47	8.12	Buy	Sum of parts (10% discount)
12/26/17	Lim & Tan	Keppel Corp	7.47	0	Hold
12/27/17	Deutsche	Keppel Corp	7.29	8.1	Buy	Sum of parts (20% discount)
01/02/17	UOB Kay Hian	Keppel Corp	7.35	8.75	Buy	Sum of parts
01/02/17	CIMB	Keppel Corp	7.35	8.58	Add	Sum of parts
01/09/18	DBS Vickers	Keppel Corp	7.77	9.8	Buy	Sum of parts, PB1.3x FY18
01/10/18	Amfrasers	Keppel Corp	7.85	8.04	Buy