20 April 2018
Mistake for selling @ 7.90 (bought @ 7.68) as keep looking at the price action and forgot about the technical indicator. Reminder to trade according to indicator without emotion.
24 November 2017
Price Crosses Moving Average (200-week)
Long-Term Bullish
Volume 21,706,100
Close Price 7.750
Pattern Duration 1 day
The price is generally in an established trend (bullish
or bearish) for the time horizon represented by the moving average period
(21, 50 or 200 bars). Moving averages are used to smooth out the
volatility or "noise" in the price series, to make it easier to discover
the underlying trend. By plotting the average price over the last several
bars, the line is less "jerky" than plotting the actual prices. A bullish
event is generated when the price crosses above the moving average, and
in this state, the price is likely in an established uptrend. The opposite
is true when the price crosses below the moving average, triggered a bearish
event.
Based on 17 February 2017 closing
price of 6.64
Price to Book value = 1.034
Price to Earning = 15.478
Dividend Yield = 3.01%
Technically, KepCorp is on a
uptrend.
Resistance 1 and 2 are 6.58 and 6.67
Support 1 and 2 are 6.31 and 6.15
Earning by Different Segments
| Segment | 2016 | 2015 | |
| 1) | Offshore
and Marine (largest segment that typically
contributes about two-thirds of group revenue) |
29 millions | 482 millions |
| 2) | Infrastructure | 99 millions | 197 millions |
| 3) | Property
(now accounts for 50-70% of the group’s
bottom line and continue to enjoy promising property sales in China and Vietnam. Provide provide some cushion to the moderated O&M income) |
620 millions | 661 millions |
| 4) | Investments | 36 millions | 185 millions |
Important Highlights for whole
of 2016
1) Revenue was down 34.3% to 6.77 billion.
2) Profit down 48.6% to 783.9 million.
3) Earnings per share down 48.6% from 2015.
4) Free cash flow was a negative 136 million.
5) Has 2.09 billion in cash and total borrowings of 9.05
billion.
6) Property is the only bright spot which give them the
biggest profits of 620 million.
7) Final total dividend of 0.20 per share which is 41%
less than 2015 of 0.34 per share.
Links reference for notes:
4
Key Things to Know About Keppel Corporation Limited’s 2016 Dividend
3
Things Investors Should Know From Keppel Corporation Limited’s 2016 Full
Year Results
CLSA Reports Highlights
1) Current order Books are low but not lower than it
was in the previous lull period at 2010.
2) Petrobras
is at a good financial position and thus may start making orders to Keppel
and Sembcorp Marine. There are legal bottlenecks that only a few companies
can build rigs for the pre-salt oil drilling program. The competitors for
our local companies for Petrobras's orders have scaled down significantly,
so we have the cost saving advantage if we were to bid for any upcoming
orders.
3) Floating
LNG (FLNG) is a potential development for both Keppel and Sembcorp.
For Sembcorp, the Gravifloat technology will be the key driver in winning
contracts.
4) The articles doesn't state many downside risks however.
I believe that the concentration risk towards Petrobras is one concern.
If Petrobras has a slow recovery or ends up ordering from a different company,
we could see order books stay stagnant for a while.
Links reference for notes:
Offshore
and Marine Sector Over Weight
See also;
My Dividend Investing Strategy
STI ETF - Exchange Trade Funds
How Can I Start Trading Stocks In S'pore
Straits Times Index Stock Price History
Credit Card That Saves You Money