#keppel corp

[leechenghua]

Keppel Corp CONTINUES TO DEVELOP ITS OTHER BUSINESSES

Keppel Corp CONTINUES TO DEVELOP ITS OTHER BUSINESSES

Increasingly a property play

Value creator for other businesses too

Maintain HOLD

Should be increasingly driven more by property now With the privatisation of Keppel Land, Keppel Corp (KEP) should be viewed increasingly as a property play, as the Offshore & Marine segment could see continued lack of earnings clarity with low oil prices. In FY15, Property already accounted for 46% of the group’s…

View On WordPress

[leechenghua]

Keppel Corp PBoC mortgage easing to benefit Keppel’s property sales in China

Keppel Corp PBoC mortgage easing to benefit Keppel’s property sales in China

Min. mortgage down payment cut to 20% from 25% for first home buyers in nonrestricted cities, +ve for most tier 2 cities.

The policy easing should benefit Keppel’s property sales in three of its four focus cities, namely Chengdu, Tianjin and Wuxi.

Prop. accounted for 46% of Keppel’s net profit in 2015, and China accounted for 72% of total property sales of Keppel Land.

A step further to relax…

View On WordPress

[leechenghua]

Keppel Corp New Contracts And Property Consolidations

Keppel Corp New Contracts And Property Consolidations

Keppel Corp

Keppel announced SGD125m in new contracts for its offshore division as well as a share swap with private developer Mapletree, which sees it consolidate its ownership in Keppel Bay Tower in exchange for its stake in HarbourFront Towers One and Two. Maintain BUY and SOPbased TP of SGD10.00 (53% upside).

SGD125m in four new higher-margin offshore contracts. These four contracts are: i)…

View On WordPress

[leechenghua]

Keppel Land - Privatisation Achieves Best Possible Outcome

Keppel Land – Privatisation Achieves Best Possible Outcome

Keppel Corp has secured 95.1% of Keppel Land shares, just 0.4% shy of being able to compulsorily acquire the minority shareholdings. Maintain BUY, with an unchanged SOP-based TP of SGD11.10 (23% upside). As such, it will pay SGD4.38/share instead of SGD4.60/share, effectively saving SGD155m, Thus, it will be able to save on listing expenses and other overheads at Keppel Land. We believe that this…

View On WordPress

[iamrecneps]

Stocks & Forex Live! Trading Session - Real Trades, Real Profits!

Stocks & Forex Live! Trading Session – Real Trades, Real Profits!

  This month has been a great month for trading, and even though the month is only halfway through, I am up about $20,000 for both my stocks and forex trades!

I will be posting some trade records later when I have time, and in the meantime, here are some snippets of our LIVE! trading groups for stocks and forex, and how we help each other to make money together.

If you are keen to join us and…

View On WordPress

[leechenghua]

Keppel Corp Takeaways from KepCorp lunch meeting

Keppel Corp Takeaways from KepCorp lunch meeting

Keppel Corp hosted a lunch for analysts, and senior management shared their views on the group’s strategy and outlook for the various markets they are in.

Of particular interest to us is its views on the O&M sector (see below for more information) and it is heartening to note that KEP has already received some US$1.3b from Sete Brasil for the first three rigs, and these projects are still…

View On WordPress

[iamrecneps]

Is Keppel Corp a Good Long-Term Investment Now?

Is #Keppel Corp a Good Long-Term Investment Now? #SGX #Singapore

Recently, there has been a lot of interest in Keppel Corp, since it provides one of the best exposure to oil, which is currently at record low prices. I have received many emails and enquiries whether this is a good buy, and my answer should be self-evident in my portfolio, where I am currently vested 16% in Keppel Corp (full portfolio updates will be coming up in the following days).

Firstly,…

View On WordPress

[iamrecneps]

Keppel Corp - Taking Back the Land

#Keppel Corp - Taking Back the Land #Singapore #Stocks

Keppel Corp has launched a voluntary unconditional cash offer for all the remaining shares of Keppel Land Ltd (currently Keppel Corp owns 54.6% of Keppel Land).

Details are as follows:

Base offer price of S$4.38 for each Keppel Land Share (20% premium) to last traded price on 20/1/2015)

Higher offer price of S$4.60 for each Keppel Land share, to be paid when Keppel Corp acquires Keppel Land…

View On WordPress