SINGAPORE (Jan 26): CIMB expects the worst to be over for Keppel Corp.

In a Friday report, analyst Lim Siew Khee says Keppel's FY17 would have been a beat if not for the $619 million bribery fine and $140 million provisioning for everything but the kitchen sink.

The provisions include $81 million for Sete Brasil, $10 million for yard closure and $49 million of provisions for doubtful debts and impairment of associates.

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