ShareJunction - Stock Forum Messages

Keppel Last:8.61 -

keppel Corp

wowwiee.. $8.6! oil US$83! ride the oil slick..keke

ozone2002 ( Date: 05-Jan-2010 10:18) Posted:

VESTED 8.27!!

ozone2002 ( Date: 04-Jan-2010 23:46) Posted:

this is not moving in tandem with oil prices..

looks good for an entry..

~8.25-8.28 should be good..

will vest on tues.. oil $81!!

Breakout bollinger upper band ! +$0.20 $8.62 now.

tradersgx ( Date: 07-Jan-2010 09:18) Posted:

(CIMB 02/12/09)
Keppel Corporation Ltd; Bright prospects. OUTPERFORM Target: S$10.80

• Maintain Outperform and target price of S$10.80, still based on sum-of-the-parts valuation. We see share-price upside from
higher implied valuations for Keppel O&M as Keppel O&M appears to be trading at a discount (12x forward P/E) to its
historical average of 16x. We also see upside from accelerated Brazilian order wins and strong, sustainable O&M margins.

• S$6.4bn order book; more opportunities. Our order assumptions for 2010 remain S$3.5bn. Order flows could stream in for
Keppel O&M, including: 1) a US$120m contract from Petrobras for de-commissioning services for ships used in the conversion
of the P-58 FPSO; 2) the formal conversion of a Letter of Intent to a contract for a P-61 tender-leg platform of US$950m; and 3)
the conversion of a second FPSO unit for Ezra (estimated at US$300m).

• More contracts from Petrobras? We believe the potential acquisition of a 70% stake in WTorre’s shipyard in Rio Grande do Sul,
Southern Brazil could strengthen Keppel’s position to win some of Petrobras’ seven drillship tenders (first package of 28 rigs) to be
concluded by 1Q10. We also believe Keppel could secure at least one of the two high-specification rigs (second package) which will
be directly owned by Petrobras, estimated at a minimum US$4,550m.

*****
(AmResearch 10 Dec,09)
Buy Call on Keppel , SOP-based fair value of $10.65

Since beginning October this year, Keppel has secured new contracts worth US$1.3 billion ($1.9 billion) compared to only
US$57 million ($80 million) in 3QFY09.

We estimate that Keppel has – since beginning 2009 – secured new orders worth US$2 billion ($2.9 billion) – which includes
contracts for its infrastructure division. The new flow of jobs have already been incorporated into our order replenishment
estimate for FY2009F. As such, we maintain our forecasts and reaffirm our buy call on Keppel with an unchanged sum-of-parts
(SOP)-based fair value of $10.65 per share.

*****
(OCBC 4 December 2009)
Keppel Corporation; Brighter outlook. Upgrade to BUY. Fair value S$9.70

Upgrade to BUY. Reflecting the higher pace of new orders and bright sector outlook, we anticipate new order wins of S$3.8b and
S$4.0b for its core offshore marine segment in FY10 and FY11 respectively. We have raised our earnings estimates as well.

Our recent upgrade of Keppel Land has also bumped up our fair value estimate to S$9.70 (based on SOTP valuation). Finally, Keppel
has also mentioned that it may unlock the value of some of its infrastructure assets through a listed business trust, given suitable market
conditions. With all the above reasons, we upgrade the stock to a BUY.

Vested and good luck to everyone holding it... Smiley

(CIMB 02/12/09)
Keppel Corporation Ltd; Bright prospects. OUTPERFORM Target: S$10.80

• Maintain Outperform and target price of S$10.80, still based on sum-of-the-parts valuation. We see share-price upside from
higher implied valuations for Keppel O&M as Keppel O&M appears to be trading at a discount (12x forward P/E) to its
historical average of 16x. We also see upside from accelerated Brazilian order wins and strong, sustainable O&M margins.

• S$6.4bn order book; more opportunities. Our order assumptions for 2010 remain S$3.5bn. Order flows could stream in for
Keppel O&M, including: 1) a US$120m contract from Petrobras for de-commissioning services for ships used in the conversion
of the P-58 FPSO; 2) the formal conversion of a Letter of Intent to a contract for a P-61 tender-leg platform of US$950m; and 3)
the conversion of a second FPSO unit for Ezra (estimated at US$300m).

• More contracts from Petrobras? We believe the potential acquisition of a 70% stake in WTorre’s shipyard in Rio Grande do Sul,
Southern Brazil could strengthen Keppel’s position to win some of Petrobras’ seven drillship tenders (first package of 28 rigs) to be
concluded by 1Q10. We also believe Keppel could secure at least one of the two high-specification rigs (second package) which will
be directly owned by Petrobras, estimated at a minimum US$4,550m.

*****
(AmResearch 10 Dec,09)
Buy Call on Keppel , SOP-based fair value of $10.65

Since beginning October this year, Keppel has secured new contracts worth US$1.3 billion ($1.9 billion) compared to only
US$57 million ($80 million) in 3QFY09.

We estimate that Keppel has – since beginning 2009 – secured new orders worth US$2 billion ($2.9 billion) – which includes
contracts for its infrastructure division. The new flow of jobs have already been incorporated into our order replenishment
estimate for FY2009F. As such, we maintain our forecasts and reaffirm our buy call on Keppel with an unchanged sum-of-parts
(SOP)-based fair value of $10.65 per share.

*****
(OCBC 4 December 2009)
Keppel Corporation; Brighter outlook. Upgrade to BUY. Fair value S$9.70

Upgrade to BUY. Reflecting the higher pace of new orders and bright sector outlook, we anticipate new order wins of S$3.8b and
S$4.0b for its core offshore marine segment in FY10 and FY11 respectively. We have raised our earnings estimates as well.

Our recent upgrade of Keppel Land has also bumped up our fair value estimate to S$9.70 (based on SOTP valuation). Finally, Keppel
has also mentioned that it may unlock the value of some of its infrastructure assets through a listed business trust, given suitable market
conditions. With all the above reasons, we upgrade the stock to a BUY.

Hope it does not have problems marching into the $9-territory.

It will move up before result annoucement on 26-Jan-09.

Corr:

+$0.04 $8.42 now! The bollinger bands is heading to widen sharply in few days time.

5Jan'10 Closed $8.38

*MA Crossover
SMA7days $8.249 (SMA7 above SMA14)
SMA14days $8.229

*Bollinger Upper Bands $8.352 (Price closed $8.38 above it)

tradersgx ( Date: 06-Jan-2010 15:16) Posted:

+$0.05 $8.42 now! The bollinger bands is heading to widen sharply in few days time.

5Jan'10 Closed $8.38

*MA Crossover
SMA7days $8.249 (SMA7 above SMA14)
SMA14days $8.229

*Bollinger Upper Bands $8.352 (Price closed $8.38 above it)

BOOMZ! 8.39! :)

ozone2002 ( Date: 05-Jan-2010 10:18) Posted:

VESTED 8.27!!

ozone2002 ( Date: 04-Jan-2010 23:46) Posted:

this is not moving in tandem with oil prices..

looks good for an entry..

~8.25-8.28 should be good..

will vest on tues.. oil $81!!

+$0.12 $8.39 now ! bollinger band's upside is forming!

daphnecsf ( Date: 05-Jan-2010 14:52) Posted:

Keppel Corp's Bollinger Band is becoming tighten now, price has cross above the mid-band, sign of upside volatility is about to increase sharply :)

AmResearch 10 Dec,09
Buy Call on Keppel , SOP-based fair value of $10.65

Keppel Corp Ltd's (Keppel) wholly-owned Keppel Offshore & Marine Ltd has secured contracts worth $160 million for:
(1) A Floating Production Storage and Offloading (FPSO) vessel conversion;
(2) A Derrick Lay Barge completion; and (3) A life extension of a semi-submersible rig.

Since beginning October this year, Keppel has secured new contracts worth US$1.3 billion ($1.9 billion) compared to only
US$57 million ($80 million) in 3QFY09.

We estimate that Keppel has – since beginning 2009 – secured new orders worth US$2 billion ($2.9 billion) – which includes
contracts for its infrastructure division. The new flow of jobs have already been incorporated into our order replenishment
estimate for FY2009F.

As such, we maintain our forecasts and reaffirm our buy call on Keppel with an unchanged sum-of-parts (SOP)-based fair value of $10.65 per share.

*****

Keppel Corporation Limited
GROUP PROFIT AND LOSS ACCOUNT
for the third quarter and nine months ended 30 September'09

Nine Months $'000
Revenue $9,217,886 +14.2% vs (9mths 2008 $8,070,405)
Profit for the period $1,499,889 +52.0% vs (9mths 2008 $986,896)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4CFDC968EDFB0B64482576570030F73A/$file/KCL9m09_ResultsSGXNET.pdf?openelement

Updated: New York, Jan 04 22:00 London, Jan 05 03:00 Tokyo, Jan 05 12:00

COMMODITY FUTURES
Oil VALUE 81.60

Crude oil for February delivery rose 2.7 percent to $81.51 a barrel in New York yesterday, the highest settlement since October 2008, as freezing weather and improving global economies bolstered the outlook for fuel demand.

tradersgx ( Date: 04-Jan-2010 00:07) Posted:

My est. for Oil will go up to $80 to $95 in 2010.

Bloomberg
Updated: New York, Jan 03 10:58 London, Jan 03 15:58 Tokyo, Jan 04 00:58

COMMODITY FUTURES
Oil VALUE 79.36 CHANGE% 0.08 CHANGE 0.10

tradersgx ( Date: 07-Dec-2009 01:11) Posted:

Oil and Gas Sector: To continue to outperform in 2010, Ezra FV $2.40, SembCorp Marine [BUY, FV: S$4.16], Keppel Corporation [BUY, S$9.70].

OCBC - By Low Pei Han
Friday, 04.12.2009

The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Stepping into 2010, we see companies with expertise in deepwater production faring better

than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for semi-submersibles and drillships from customers, though there will still be demand for jack-ups.

Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances. The outlook for the supply vessel segment is dimmer than the construction vessel

segment, given a possible oversupply situation for the former with many deliveries of newbuilds this year and next year. However we do note some deliveries may slip. We continue to be OVERWEIGHT on the oil

and gas sector though we point out that different stages of the value chain and their sub-segments experience different demand and supply dynamics. As such, we have picked Ezra Holdings [BUY, FV: S$2.40],

SembCorp Marine [BUY, FV: S$4.16], and Keppel Corporation [BUY, FV:S$9.70] as likely beneficiaries based on underlying trends.

Best-performing sector in 2009.
The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Though there were concerns about the sustainability of exploration and production activities

because of low oil prices in the earlier part of the year, confidence came back to the market with higher oil prices that were spurred by a myriad of factors. Government stimulus packages arrested the downward

spiral of economic activity and market sentiment improved. With the belief that the global economy is likely recovering (albeit still fraught with uncertainties), the greenback weakened as funds flowed out to higher

yielding assets, supporting the rise in oil prices. The solid long-term fundamentals of the oil and gas industry also endeared themselves to investors.

Push for deeper waters.
Stepping into 2010, we see companies with expertise in deepwater production faring better than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for

semi-submersibles and drillships from customers, though there will still be demand for jack-ups. The push for even more technical vessels is likely to continue, benefiting companies that do not scrimp on research

and development. Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances.

Maintain OVERWEIGHT.
Ezra Holdings [BUY, FV: S$2.40], SembCorp Marine [BUY, FV: S$4.16] and Keppel Corporation [BUY, S$9.70].

Ratios For Keppel Corporation Limited

Valuation Ratios
Price/Earnings    8.16
Price/Sales    1.11
Price/Book    2.85
Price/Cash Flow    8.98

Profitability Ratios (%)
Gross Margin    25.61
Operating Margin    14.80
Net Profit Margin    14.16

Market Capitalisation
Market Cap ($ Millions)    13,116.49
Shares Outstanding    1,593.74
Float    1,246.50

VESTED 8.27!!

ozone2002 ( Date: 04-Jan-2010 23:46) Posted:

this is not moving in tandem with oil prices..

looks good for an entry..

~8.25-8.28 should be good..

will vest on tues.. oil $81!!

If there is any you will know after 26Jan. Result announcement. Insiders already exercising their options (see SGX announcement) wait for more insiders to exercise their options. If they do. it will be positive. How much? any guess?

Waiting for special dividend and how much is it ?

candle ( Date: 04-Jan-2010 14:27) Posted:

Will kep corp gives out special div for selling away SPC in tis full Year 2009 Financial Results announcement on 26/1 ?

this is not moving in tandem with oil prices..

looks good for an entry..

~8.25-8.28 should be good..

will vest on tues.. oil $81!!

Will kep corp gives out special div for selling away SPC in tis full Year 2009 Financial Results announcement on 26/1 ?

Bloomberg
Updated: New York, Jan 04 00:56 London, Jan 04 05:56 Tokyo, Jan 04 14:56

COMMODITY FUTURES
Oil VALUE 80.18 CHANGE +0.82 CHANGE% +1.03%

Login Register

keppel Corp