KGI Securities analyst Joel Ng told The Business Times that"more people have been showing interest in SMM following Keppel's update, as investors grew optimistic about a potential merger".
He said the brokerage's clients wanted to know if Keppel's plans for the O&M segment's review had involved Temasek, as well as the timeline of the strategic reviews. "While it is still too early to predict anything about SMM, the recent announcement is definitely a positive for Keppel's share price which should see a rerating if they decide to sell or divest their O&M segment."
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