Maybank expects Keppel to report a 22 percent year-on-yearfall in its third quarter net profit to S$317 million, due tolower offshore and marine margins. But the brokerage is notconcerned about weaker earnings as it expects orders forrigbuilders to continue. "We may even see some margin expansion for new contracts aspricing power shifts to the yards due to tightness in yard slotavailability," Maybank said in a report.