July 23,2009
-- Keppel Corp
- JPMorgan upgraded Keppel Corp <KPLM.SII> to overweight from
neutral after the world's largest offshore oil-rig builder
announced on Thursday a 6 percent rise in second-quarter net
profit.
JPMorgan cited Keppel's better-than-expected second-quarter
earnings, recent steps taken by management to streamline its
business and potential new orders as reasons for the upgrade.
-- Wilmar International
- Deutsche Bank has raised the target price for
Singapore-based cooking oil maker Wilmar International <WLIL.SI>
to S$5.70, citing the potential for of its China business to
attract investors outside Asia.
Blogged with the Flock Browser
