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Keppel Corp Another record year

Record recurring PATMI ofS$1.5bn in FY11, in line with our expectations, ahead of consensus O&M order pipeline remains healthy, underpinned by high oil prices and oil companies’ raised capex budgets Maintain BUY, TP raised to S$12.34; positive re-rating catalysts on the horizon KEP posts record results for FY11. FY11 recurring PATMI was up 14% to ...

 

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