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keppel Corp

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25-Apr-2009 15:16

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Yells: "learning from past "

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wah haha, piggy:

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shplayer
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25-Apr-2009 13:32

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Lim Chee Onn was also a civil servant/politician but at least he was quite cerebral and has done a good job.

Not impressed with the new Chmn......this is another example of the prioritising the need to reward retiring politicians over the suitability to the job. Smiley

But perhaps KCI is planning to go into pig farming in a big way.......strategically very important....to secure supply of pork for Spore.....see new Chmn CV.....oink! oink! Smiley

(cannot find piggie so elephant will do)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_35A804FD9074C085482575A20033FFE0/$file/KCL_ANNOUNCEMENT_20090424.pdf?openelement

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teeth53
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25-Apr-2009 10:21

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Yells: "don't learn through life, learn to grow with life "

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teeth53 thot so: A safer bid on Capital which has more opportunties to firm up, a more volatile Keppel which has seen it fortune trading lower...Kim Eng recommendation...SELL

Posted: 24-Dec-2008 Capitaland's will have Mr Peter Seah as deputy chairman from Jan 2009. A former banker with OUB, also serve as President & CEO of ST till 2004, with his experience, he can help former Finance minister and with former Finance Minister. Mr Richard Hu as Capland chairman. He is seen as to be slot for taking over the chairmanship. It is a lost to Temasick Holding

Reminded me of... She is a non starter for Temasick Holding. I drew such notices from Singapore Technology when she is a CEO, then move on to even biggie SWF's like Temasek.. tell me how to be better manage such SWF's fund when Temasek is so much biggie when compare to engineering firm like S'pore Technology, where is the logic.

A civil servent taking over Keppel corp ?, not an enterprener nor a business man. How to better bottom line profit this several years for keppel when a heavy wt like Mr Lim is so much a enterperner himself. let see...Ya.

teeth53 ( Date: 25-Apr-2009 09:35) Posted:

On offer at $1.09 each. 42% discount to Thursday's closing price of $1.88 a share. Offer to share holders nine shares for every 10 held.

Noted Mr Lim Chee Onn, current Chairman (A heavy wt) is passing the baton to Dr Lee Boon Yang ( a less then heavy wt - a retired life for Dr Lee to render on)

teeth53 thot: Look like going into penny stock before recovering back to more then a dollar.

nickyng ( Date: 24-Apr-2009 12:39) Posted:

DJ MARKET TALK : KepCorp Dn 1.3% On Outlook, KepLand Rights Issue

0337 GMT [Dow Jones] Keppel Corp. (BN4.SG) heads lower as traders say solid 1Q09 results offset by cloudy outlook, some trepidation over commitment to subscribe to subsidiary Keppel Land's (K17.SG) rights issue; shares off 1.2% at S$5.95 with support tipped at 10-day moving average of S$5.78. Morgan Stanley says 1Q09 earnings 13% ahead of forecast, could lead to increase in FY09 consensus estimates. But says weak cash flow performance was a negative, outlook for new orders remains unclear, current valuation already trading close to "bull case," appears to have priced in expectation of new order wins soon. Maintains Underweight rating with S$4.00 target price. OCBC Investment Research downgrades stock to Sell from Hold as says while results good, property business still a concern, shares have already run up great deal. Also notes Keppel Corp committed to putting in up to S$678 million into Keppel Land rights issue, has only small net cash position itself. Keppel Land down 5.9% at S$1.77. (KIG)

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Alligator
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24-Apr-2009 21:18

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from DBSV:

Maintain FULLY VALUED on KEP. We maintain our FULLY
VALUED rating and TP for KEP at S$4.45. At current share price,
KEP’s implied FY10 PE for its O&M Division is lofty, at close to the
peak cycle PE of 18-20x for offshore rig builders. Investors should
also be reminded that ex-dividend date for KEP’s final dividend of
21.0 Scts is 28 April 2009.

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DnApeh
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24-Apr-2009 14:17

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If 4.56, i want to buy......pls help to sell it down leh.

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Alligator
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24-Apr-2009 12:43

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from KIM ENG

Morning Bulletin 24 April 2009
2) Keppel Corp – 1Q09 Results (Rohan Suppiah 64321455) Previous day closing price: $6.02
Recommendation: Sell (unchanged)
Target price: S$4.56 (unchanged)
Within expectations
Keppel Corp posted 1Q09 net earnings of S$285.3m, or an EPS of 17.9cts, up 9% versus 1Q08. This is slightly ahead of our full year forecasts, due to the strong performance of SPC, as well as higher margins in the offshore and marine (O&M) division. Turnover grew by 34.7% to S$3.0bn, driven mainly by higher sales booked in for O&M.
Margin improvement in O&M
O&M recorded a 51% increase in sales to S$2.1bn, and recorded an EBITDA margin of 11.7%, higher than FY08’s 10.5%. Net earnings for O&M was at S$181m, up 38%. This was also in line with expectations, as the current work-in-progress is generally of higher value as it was secured during the peak of the cycle. Going forward, we still expect quarterly margins to fluctuate, depending on recognition, but have factored in a full year EBITDA margin of 11.5%.
Other divisions performed to expectations
The infrastructure division also posted a decent showing, with sales up 26%, as Keppel began revenue recognition on the Doha projects, as well as further ramp up of other ventures, and growing its net earnings by 150% to S$30.0m for the quarter. Property saw revenue decline by 26% to S$222m, with net earnings down 33% to S$34m. This is line with weaker property market, in Singapore as well as the region.
SPC a one-off
As mentioned earlier, SPC had a strong performance for the quarter, which saw associate earnings S$83.8m. However, we do not expect SPC to continue to be as profitable in light of thiner refining margins from higher global capacity coming on stream in the next few months.
Maintaining forecasts and Sell recommendation
We are maintaining our FY09 net earnings forecast at S$977.9m, for an 11% YoY contraction. We are assuming no sales at Reflections for the next 2 years, and lower earnings at SPC. O&M will also taper off from 2011 onwards. While there are good prospects for Keppel to secure more rig buildings as the market stabilises (particularly from Petrobras), we are unlikely to see the heady days of the last 2 years. Our SOTP valuation still stands at $4.56, and we retain our Sell recommendation.

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nickyng
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24-Apr-2009 12:39

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nickyng
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24-Apr-2009 12:18

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lai liao the moment we hv been waitg for !! hee....darn..no guts to SHORT again ! :D wasted ! did i juz repeat myself? hee...

Time	Last	Vol	Buy/Sell
12:17:36	5.850	2	B
12:17:32	5.850	108	B
12:17:31	5.860	3	B
12:17:30	5.860	3	B
12:17:28	5.860	5	B
12:17:26	5.860	10	B
12:17:23	5.860	21	B
12:17:19	5.860	1	B
12:17:11	5.870	1	S
12:17:06	5.870	1	S
12:16:59	5.860	1	B
12:16:48	5.870	1	S
12:16:42	5.870	1	S

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nickyng
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24-Apr-2009 12:05

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well...i thk it is already AMAZING with 2x child SPC and KEPLAND reporting lower profits and now 1x son declare MC and this guy still dun go in DEEPER red :)

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maxcty
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24-Apr-2009 12:01

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Yells: "always a learning day for me in trading"

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ya boi...guess cant buy any now..it might drop even more due to the son right?

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AK_Francis
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24-Apr-2009 10:54

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Yells: "Happy go lucky, cheers."

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Ha ha, when kids need $, parent kana!!

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nickyng
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24-Apr-2009 10:20

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WAH!! 5.89 tested liao....ayo...wasted din dare to SHORT earlier...!#!@#!$!@# :D

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maxcty
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24-Apr-2009 10:14

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what happen to this counter today?

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nickyng
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24-Apr-2009 10:07

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ohh no...5.91 now...oh no....did anyone SHORTED !??!? :D

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nickyng
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24-Apr-2009 09:23

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wow....SELL on news har? despite 9% profit ?!?! ...wah like that BBs win liao loh after pushing so high? :D

Time	Last	Vol	Buy/Sell
09:19:30	5.950	1	S
09:19:29	5.950	3	S
09:19:16	5.950	3	S
09:19:12	5.950	5	S
09:19:10	5.950	1	S
09:19:01	5.950	1	S
09:18:58	5.950	2	S
09:18:48	5.950	3	S
09:18:46	5.950	10	S
09:18:45	5.950	3	S
09:18:43	5.950	2	S
09:18:09	5.940	1	B
09:17:51	5.940	3	B
09:17:51	5.950	1	S
09:16:59	5.950	5	S
09:16:47	5.940	1	B
09:16:35	5.940	1	B
09:16:31	5.940	2	B
09:16:21	5.950	3	S
09:16:20	5.950	3	B

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lookcc
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23-Apr-2009 18:00

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602/17.9 x 4

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lookcc
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23-Apr-2009 17:55

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so p/e works out 8.5

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iPunter
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23-Apr-2009 17:43

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Good for you, Nicky... :)

Smiley

nickyng ( Date: 23-Apr-2009 10:35) Posted:

err....trying to talk up KEPCORP har? wow....bravo! :D

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L.....
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23-Apr-2009 17:31

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congrats to kepcorp supported. pretty decent results in a recession

1. PATMI improved 9% to S$285 million compared to 1Q2008’s S$262 million.

2. Earnings per share of 17.9 cents, up 9% from 1Q2008’s 16.5 cents.

3. Annualised ROE remained at 22.4%.

4. Economic Value Added increased S$34 million to S$211 million.

5. Free cash flow of negative S$97 million.

6. Net cash decreased by S$101 million to S$174 million.

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nickyng
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23-Apr-2009 10:35

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err....trying to talk up KEPCORP har? wow....bravo! :D

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