KepCorp

KepCorp +17¢ to $8.77, extending recent gains after sinking to 5-month low of $8.30 earlier this week, as investors continue to buy on dips. Slow pace of order flows, broad market weakness behind stock's decline to current levels from 52-week high of $10.52 set in Apr. Keppel secured only $50m worth of O&M orders in 2Q10. Nomura, which has Buy call with $11.00 target, expects fortunes to turn when Petrobras unveils outcome of its 28-rig tender, likely by year-end with its Brazilian yard securing a good share of new contracts given that quite a number of the tender bids are linked to its yard and its strong track record with Petrobras.