Tuesday, March 18, 2014

Keppel Corp

Keppel Corp: Keppel secured $140m in contracts. Among the deals were the fabricating of a FPSO turret mooring system, and three ice-class offshore services vessels for its clients, including Bumi Armada Offshore and SOFEC. The contracts bring Keppel O&M's year-to-date order book past $1.78b in 1Q14, putting the group on track to achieve analysts' mean estimates of between $5b and $6b in new orders secured within this year. Last year, the company secured $7b in new contracts. Current orderbook stands at ~$14.5-15b, which should stretch its sales visibility over the next 3 years.

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