Keppel, Sembcorp Rallies Seen Ending as Oil-Rig Orders Drop

  • Baring Asset, Henderson Global not buying the two stocks
  • Oil-rig makers remain at risk of client spending cuts

The Floatel Triumph, a semi-submersible accommodation rig developed by Keppel Offshore & Marine.

Photographer: Nicky Loh/Bloomberg

The world’s two biggest builders of oil rigs saw their stocks rise the most in more than two years last month as crude rebounded. Investors looking for more gains shouldn’t get their hopes up just yet, Baring Asset Management and Henderson Global Investors say.

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