This stock is well-placed to benefit from Indonesia’s gas-to-power initiative

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SINGAPORE (Sept 13): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation at a fair value estimate of S$7.36, on the notion that it is well positioned to benefit from opportunities in Indonesia’s small-scale liquefied natural gas (LNG) market.

The group last week announced that its offshore and marine (O&M) unit had entered into a heads of agreement (HOA) with Pavilion Energy and Indonesia’s state-owned PT Perusahaan Listrik Negara to explore opportunities in the development of small-scale LNG distribution in West Indonesia.

See: Keppel to explore joint development of LNG solutions in Indonesia

In a Wednesday report, lead analyst Low Pei Han says she is optimistic on Keppel Corp’s potential to benefit from...(click on link for full story on