Keppel Corporation set to exceed S$6bn order wins in 2013

Given robust potential orders.

"We believe Keppel’s order win momentum will continue to gather steam in the next few months, underpinned by robust potential orders in the pipeline," said DBS.

"Year to date order wins stood at S$5.3bn, and looks set to exceed our full year expectation of S$6bn," it added.

DBS gave its optimistic outlook given four potential sources of order wins. This includes PEMEX’s six jack up orders totaling US$1.3bn; Golar’s FLNG projects following recent conclusion of FEED study; Transocean’s orders of up to 10 jack up rigs worth US$2bn to be awarded as early as end Oct; and a potential first drillship contract by end of 2013.

Keppel Corporatin remained DBS's preferred pick in the large cap O&M space. "Its solid execution track record, global yard network, and world-class proprietary designs are unrivalled."