Keppel
Last:6.74
-0.04
Keppel Corp
Post Reply
241-260 of 356
Hi Elfinchilde and Everyone, do u think KC could fall to 9.7 next week? i wanted to av down at $10.18 x 2 lots today but stuck my hands in my pocket while watching the screen.... I bought at $11.64 x 2 lots some time back. banging my head against the wall now..
Looking at its historical chart, resistance seems to be at $10 (in aug 2007 where subprime problem first arose). today, it hit as low as $9.98, dats why I held my horses a bit. its seems like even the good news below dont make any diff anymore (except in 2009)?
Thanks and hope the year of the rat usher in great luck for everyone from next Mon onwards...
-----------------------------------------------------------------------------------------------------
Business Times - 06 Feb 2008
ENERGY PLAY
Keppel Gas wins
$3b ExxonMobil deal
By
RONNIE LIM
KEPPEL Gas has clinched a S$3 billion-plus, long-term deal to supply
Malaysian natural gas to ExxonMobil's (EM) existing refinery and petrochemical
complex on Jurong Island, as well as to a second petrochemical complex the oil
giant is now building.
EM intends to use the gas to fuel cogeneration plants which can supply all
its electricity needs, as well as steam supplies for its operations.
Keppel Gas' gas supplies, which will start in 2009, will initially be used to
feed EM's existing 150-megawatt cogeneration plant at its first petrochemical
complex, as well as for heating purposes at its 605,000 barrels per day
Singapore refinery, EM spokeswoman Eva Ho told BT.
It will supplement current Indonesian gas supplies which EM is getting from
SembCorp Gas.
The additional Malaysian gas from Keppel Gas, a subsidiary of Keppel Energy,
will later also be used to fuel a second 220 MW cogen plant which EM is building
for its second petrochemical complex, she added. Keppel Energy is wholly owned
by Keppel Corp.
The second complex - reportedly costing over US$5 billion - will be
operational in 2011.
The world's largest oil company is a proponent of cogeneration because it
sees it as a significant factor in reducing energy consumption and improving
energy efficiency at its facilities worldwide.
Ong Tiong Guan, Keppel Energy's managing director, said: 'We are pleased to
be supplying gas to ExxonMobil and to build a long-term business relationship
with the world's largest publicly traded oil and gas company.
'We look forward to supporting our customer's expansion in Singapore that
will also benefit our country's development as a premier chemical industry
hub.'
Keppel's Malaysian gas comes from a S$3 billion-plus deal it signed with
Malaysia's Petronas in July 2005, in which it contracted to import 115 million
standard cubic feet of gas daily for 18 years, starting from mid-2006.
Part of the gas was meant to fuel Keppel Energy's own 500-MW cogen plant,
with KepCorp also planning in the longer term to import additional gas supplies
for petrochemical customers on Jurong Island.
But because of some pipeline use snags here - albeit recently settled - which
earlier prevented it from bringing in its Malaysian gas for its own cogen
station, Keppel Energy itself had to resort to buying Indonesian gas from
importer Gas Supply Pte Ltd as an interim measure.
Even with the inflow of its Malaysian gas supplies now, it is understood that
Keppel Energy will continue to use the contracted Indonesian gas to help fuel
its own cogen plant. The sale of some of the Malaysian gas to EM will,
therefore, help account for its contracted supplies from Petronas.
Copyright © 2007 Singapore Press Holdings Ltd. All rights
reserved. |
I think wat AK meant is that market sentiment is really really bad.. which is pretty true.
it seems like all potential good news has already been priced in while bad news keep flowing in. as the saying goes, 'once it rains, it floods..'
AK> do u think next next fed rate cut can ease some more pain or its already the point of no return now? regarding yr earlier mention of analysts ever say STI could hit 4000 by year end, or is it merely a hopeless cause? cheers and Gong Hei Fa Choi!
Local corporrte result will not help you make profit? Ok, let's see how one stock I am monitoring perform after it releases its results.
ok. finally managed to get this baby. vested first portion at 10.1.
not an inducement to buy/sell.
But the next season is a long way off...
Just leave your fingers out of the keyboard. Just observe, till US is cleared of its economy, say by end of Feb 08. From now on, the local coporate result will not help you to earn money over the stock market. Stay cool, a day will come again, just like durian seller, he don't sell durian everyday. Cheers folks.
People dare not buy today
Scared of being trapped in CNY holidays cannot bail out
wow...this burger with 30cts dividend becos of P52 got slaughtered like pigs !! this isnt Spring Sale then wat ?!?!? :P
Yap...good days are over for counters across the broad not only KC.
Keppel under selling pressure. The good days are over.
count_lusting,
wow..u are betting ur wedd budget on KC !??! wow..u r even more daring then jokers like us(SHORTISTs) siah !!!...u r really a BIG gamblers siah !!! kow tou !! :P
Margin under pressure, what about new entrants like Cosco????
Count_Lustig, institution BB are just waiting for people like you to throw in the towel...
if you do lose your sleep over the 3 lots, then better for you to sell now.
KC is a good company just that market sentiment is so bad now that tom, dick n harry want to sell b4 the other institutionals do. If you believe that KC has many more good years which I do (note: not vested yet), try to ignore that daily market gyrations.
As in any speculative investments, one should invest only the money which one can afford to lose. It should not be emergency money. Investing using emergency money and borrowed money are no no's.
Business Times - 02 Feb 2008
Keppel shares tumble despite strong results
By
CONRAD RAJ
AFTER
some initial euphoria over its strong results, the price of Keppel
Corporation shares yesterday took a tumble over fears of margin
erosions, a slowdown in orders and foreign exchange hedging concerns.
This despite the announcements of record earnings and turnover on
Thursday, and the securing of new contracts from repeat customer Maersk
Contractors and the first US Gulf of Mexico floating production
offloading and storage (FPSO) facility for BW Offshore, worth $215
million in total.
Although most analysts have maintained their 'buy' rating on
Keppel, several have revised downwards significantly their earnings
forecast for the current financial year, and also their target prices
for the stock, fearing that cost escalation, lower margins, a slowdown
in orders and a tepid property market could have an adverse impact on
the company.
CIMB-GK, for example, said that Keppel's Q407 core net profit of
$268 million was 25 per cent below its expectations and 9 per cent
below consensus forecasts due to margin pressures faced by Keppel
Offshore & Marine from rising labour costs.
So it has cut its earnings estimates for this year by 9.7 per cent
and for next year by 7.7 per cent 'to reflect further margin pressure'
on O&M and slower growth for the infrastructure division for 2008.
It has also cut its target price to $13.70 from $17.90. 'Nevertheless,
(we) maintain 'outperform' as we continue to like Keppel for its strong
order book with predictable earnings that could provide some buffer
against a global recession,' it added.
OCBC Investment Research, while maintaining its 'buy' call, has
revised its earnings estimates for this year downwards to $962.8
million in view of potential margin erosion and slowdown in orders, and
has reduced its target price from $17.10 to $14.80 a share.
Goldman Sachs said there was no change to its 'buy' ratings, 'as we
like Keppel for its strong three-year earnings CAGR (compounded annual
growth rate) of 21 per cent, and relatively more visible earnings with
leverage to the current offshore new build cycle'. But it reduced its
target price from $15.90 to $13.75 a share and forecast this year's net
earnings at $1.37 billion.
Stockbroker Kim Eng was the most optimistic, with a revised target
price of $15 a share. 'We are adjusting our FY08 net profit down
slightly to $1,146.8 million, implying just 12 per cent earnings
growth, versus earnings CAGR of 23 per annum over the last five years.
However, we expect a near term plateau from O&M, as its yards are
already heavily utilised. We expect Keppel's growth trajectory to
resume from FY09 onwards as contributions from the infrastructure
business start to kick in,' analyst Rohan Suppiah said.
Keppel's latest contract is for the conversion of Maersk's second
FPSO out of Singapore. The FPSO will have a new VLCC (very large crude
carrier) hull that is due to arrive in the yard from China in the
fourth quarter of 2008, and is expected to be completed by end 2009.
The Maersk FPSO will operate in water depths of around 100 metres
at the Peregrino field in Brazil's Campos basin, and is capable of
producing 100,000 barrels of oil a day with a storage capacity of 1.6
million barrels.
BW Pioneer Ltd, an affiliate of BW Offshore, has awarded Keppel a
contract to convert the first FPSO for the Cascade and Chinook fields
in the US Gulf of Mexico. It is scheduled for completion in the third
quarter of 2009.
Despite the good news, Keppel saw its share price shaving 56 cents at $10.76 after having hit an intra-day high of $11.50.
Thank you AK Francis and Lucky 168, for your kind words and enlightenment
On hindsight, my lack of proficiency in stock trading has probably led to my current situation. I actually used my savings meant for settling down with my girlfrd - but not her share (had meant to tie the knot in early 2009). All in all, I only have 1 more bullet left to average down KC in one lot, in the next 6 mths.
I thought of holding out until XD but have noticed from historical trends in many stocks that usually after XD, their prices heading down south drastically.
Rewind back to Fri closing, I have never seen any company announcing record earnings and then see its share price plunge all the way
. I was wondering if the institutional investors are doing so and then later on mop up the stocks again later on at a much lower price, along with the dividend returns - hence a win-win scenario for them. Retail investors like us will end up with the shorter end of the stick.
AK Francis > u are right, I think coming Mon/Tue/Wed will be a fruitless quest...cheers
keep your 3 lots for the div.
if further down the road got some more bonus $$$, then average down.... hehehe
Hi Loustic, ref to last Fri KC closing price of 10.74, now your paper loss is 66 cents per lot. U bought it a bit too high. You may hold it as KC will return you CD, SCD and Cash return of 55 cents after the AGM mths later. And if KC price stays stable, then you will see less losses. If KC drops further before the AGM, then your paper loss will be much higer, depending how much it dropped before the AGM and Ex Date of the offers.
Next week we only left 2 and half days of trading, not many investors will take in stocks. Hence, the trading volumn will be low and All stock prices may look bad. Good for shopping for CNY stuff next week is my best recommendation. Cheers.
If I recall correctly, analysts TP $13+ to $15, downgraded from $17+. (May refer to today's BT for more info).
Mkt volatile and don't know if analysts accurate/not, all trade w/ care.
Hi Guys I pumped in my life savings into keppel corp at the price of 11.40 x 3 lots
should I sell it next week and eat the loss or should i hold?
It seems like all the institutional investors are unloading, and sentiment seems weak going forward. Thanks and Happy Lunar New Year to everyone
