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Outlook not rosy for KepCorp, go short TP <$4

Keppel warns of tough times ahead

Offshore rig builder Keppel Corporation posted a 6.9% rise in full-year net profit for 2008, but said that this year will be a challenging one.

The conglomerate earned S$1.097 billion ($729 million) last year, up from S$1.026 billion in 2007. It did not report separate results for the fourth quarter.

"By the end of 2008, the global economic situation had deteriorated so far that the world tanked into a recession," the Singaporean company said in a statement.

"There is little doubt that Keppel will be impacted by the global crisis."

Keppel and its rival Sembcorp Marine benefited from the jump in oil exploration in recent years as crude prices soared to record highs, but oil prices slid from near-$100 a barrel early in the quarter to around $45 by the end of last year.

Keppel said earlier this month it agreed to cancel a $405 million rig contract deal with Scorpion Offshore , after warning in November that three clients may cancel orders worth S$1.2 billion.

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21-Jan-2009 15:56

Keppel / keppel Corp

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day 3 of the slide..

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21-Jan-2009 09:08

Straits Times Index / STI to cross 3000 boosted by long-term investors

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will sti mirror dow? 4 % drop..

get ready to collect blue chips @ fire sale prices.. :)

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20-Jan-2009 09:17

Keppel / keppel Corp

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kep corp continues its slide..

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19-Jan-2009 15:08

Keppel / keppel Corp

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4.07...cheaper and less risk compared to DBS..

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19-Jan-2009 11:58

Keppel / keppel Corp

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show hand..type too fast..

short short short..

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19-Jan-2009 11:15

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Ramp up the stock market high high..then make bird flu a big issue...

same like the sub prime...people were aware of it but the stock markets kept rising..

only when someone came out to talk abt it ..then everyone started to realise.. a little too late..

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19-Jan-2009 11:11

Keppel / keppel Corp

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Nicky i recommend u to show KepCorp la..better risk/reward than compared to DBS...

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19-Jan-2009 10:48

Straits Times Index / STI to cross 3000 boosted by long-term investors

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BEIJING: A woman has died of bird flu in east China's Shandong province, state media said on Sunday, reporting the nation's second death from the disease this month.

The 27-year-old, surnamed Zhang, fell ill on January 5 and died on Saturday evening, Xinhua news agency said, citing the Shandong provincial health department.

The national disease prevention and control centre on Sunday confirmed that she was infected with the H5N1 strain of avian influenza, according to Xinhua.

It brings to 22 the number of people in China who have died from the virus since 2003.

Earlier this month, a 19-year-old woman died of bird flu in Beijing - the country's first fatal case in nearly a year - after handling ducks she had bought in a market.

The report of Zhang's death came a day after Chinese state media said that a two-year-old girl had fallen ill from bird flu. The toddler was reported to be in a critical condition in Sunday evening primetime TV news.

People who were in close contact with Zhang are now under close observation, but so far no one has fallen ill, the China News Service said.

China has reported the case to the World Health Organisation (WHO), as well as health authorities in Hong Kong, Macau and Taiwan, according to the China News Service.

Meanwhile, China's Ministry of Agriculture said late Sunday that tests carried out in poultry farms and markets in areas where the two-year-old, surnamed Peng, had been, had found no abnormalities.

The girl, hospitalised in northern Shanxi province, had fallen ill in central China's Hunan province earlier in the month, according to Xinhua.

Bird flu outbreaks tend to happen in the winter months, when low temperatures create more favourable conditions for the virus to spread.

Prior to this month's cases, and in addition to the fatalities, 10 Chinese were known to have contracted bird flu but survived.

According to the WHO, about 250 people have died from bird flu worldwide since 2003.

Scientists fear the virus could mutate to jump easily from human to human, potentially sparking a global pandemic. - AFP/de

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19-Jan-2009 10:24

DBS / DBS takes another hit as analysts lower targets

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S'pore budget govt give $888 ang pao to all s'poreans..

cut ERP..cut income taxes..ho sei liao..haha..

but won't happen..

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19-Jan-2009 09:48

DBS / DBS takes another hit as analysts lower targets

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nicky u are stubborn person..never read my note below on going long..

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19-Jan-2009 09:04

DBS / DBS takes another hit as analysts lower targets

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DBS will give CNY "ANGPAO" this week.. now $8.6!

go long long long.

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16-Jan-2009 17:09

DBS / DBS takes another hit as analysts lower targets

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close 8.48!!!..free ang pao for CNY

ozone2002 ( Date: 16-Jan-2009 13:02) Posted:

buy for the run up to S'pore budget announcement next week!!!

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16-Jan-2009 13:02

DBS / DBS takes another hit as analysts lower targets

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buy for the run up to S'pore budget announcement next week!!!

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16-Jan-2009 11:05

SPH / SPH

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sell ur condo now..put $$ in SPH..get dividend better than rental yield..

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15-Jan-2009 16:09

SPH / SPH

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help SPH sell Straits Times.. :)

cheongwee ( Date: 15-Jan-2009 16:05) Posted:

After u buy it got cheaper....then sell what???.. Smiley

ozone2002 ( Date: 15-Jan-2009 14:54) Posted:

wah SPH 2.78!

sell house sell car sell wife sell kids sell underwear...whack SPH

this one is a bargain..

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15-Jan-2009 14:54

SPH / SPH

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wah SPH 2.78!

sell house sell car sell wife sell kids sell underwear...whack SPH

this one is a bargain..

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15-Jan-2009 13:59

Others / Property seller better wake up!

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think they are still sleeping..

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15-Jan-2009 10:19

Olam Intl / Ramping up its capex

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UBS has been quite actively buying tis counter..

looks like commodities play is coming..

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