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$Keppel (BN4.SG)$ UOBKH maintained buy but reduced tp by 0.4...

UOBKH maintained buy but reduced tp by 0.43 to 9.68.
Kep Corp reported slightly weaker-than-expected profit for 2022 largely as a result of its exposure to the China property market as well as losses on investments and lower disposal gains. Its dividend of 0.33 was slightly better than expected. With the divestment of KOM around the corner and all other business segments performing well operationally, 2023 will be a transformative year for KEP.
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