UOB KayHian (Thailand) says jack-up rig orders are “roaring” while containership ordering has begun. The house upgrades Keppel Corp. (BN4.SG) to Buy from Sell, raises its target to S$13.00 from S$9.70, and ups its O&M pre-tax margin assumptions for 2012 and 2013 by 1.5 percentage points from 13.5% to 15.0%. It also raises its 2011 contract win forecast (excluding Petrobras) to S$7 billion from S$4 billion.[Read More]
Source: gCaptain
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