CIMB in a June 26 research report says: "Declining rents, peak cap rates and rising vacancy has already been well anticipated by the investment community, in our view. With net gearing falling to 0.25x post recent rights issue, we believe investors should now focus on its asset quality instead.
"We roll over our estimates, now based on end-CY10 RNAV. Our RNAV is raised from $2.40 to $3.47 on higher ASPs, (average selling prices) marked-to-market valuations of KREIT, and office rents. Target price, based on 20% discount to RNAV, is raised from $1.80 to $2.77. As appetite for stocks returns, we believe the quality of KepLand’s assets coupled with a strong balance sheet makes it a compelling investment case at this point of the cycle. Valuation, trading at 0.9x P/BV or 35% discount to RNAV, is attractive vs. historical averages. UPGRADE TO OUTPERFORM."
Latest Forum Topics / Keppel Land | Post Reply |
Kepland
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chewwl88
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01-Jul-2009 11:04
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HOLD IT FOR LONG TERM INVESTMENT. | |||||||||||||||||||||||||||||
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maxcty
Master |
01-Jul-2009 10:39
Yells: "always a learning day for me in trading" |
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i load @ 2.4..holding for a month liao...
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scotty
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01-Jul-2009 10:30
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I bought at $2.3 and have been holding this for almost 2 weeks liao. I am wondering if I should cut loss. | |||||||||||||||||||||||||||||
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maxcty
Master |
01-Jul-2009 10:18
Yells: "always a learning day for me in trading" |
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ya..today like no power..u play contra? what price u load in at?
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scotty
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01-Jul-2009 10:13
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Kepland like no more strength to cheong. Should I sell? | |||||||||||||||||||||||||||||
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chewwl88
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30-Jun-2009 22:54
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You enter it in right time.
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teeth53
Supreme |
30-Jun-2009 20:42
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot: Sold SPC, need $$$ for Kepland to built more properties in China, does the newly appointed chief is = to d task ?. Maybe Kepland and KepCorp, both companies...need money to roll over. Keppel Corp shares also jumped, up as much as 10 percent following news that PetroChina will pay S$1.47 billion ($1.02 billion for SPC Or Bços of this... KEPPEL CORP FALLS ON CUSTOMER RESTRUCTURING ** http://www.finanznachrichten.de/nachrichten-2009-06/14083217-singapore-hot-stocks-keppel-corp-falls-on-customer-restructuring-020.htm Shares of Keppel Corp, the world's biggest maker of offshore oil rigs, fell as much as 4.4% on news that a customer that had placed orders worth about S$1.7 billion ($1.2 billion) was facing financial difficulties. 26 May 2009. JPMorgan raises target price to $7.90 from $5.75 citing the sale of Keppel’s entire stake in Singapore Petroleum Company (SPC) for US$1 billion ($1.44 billion). PetroChina is buying Keppel Corp’s 45.51% stake in SPC at a 24% premium. It share closed at $6.90.
Mean while Kepland closed today at $2.21ct, recommended target $2.77ct
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dealer0168
Elite |
30-Jun-2009 19:47
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I think u refering to this news :
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cheongwee
Elite |
30-Jun-2009 19:44
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this one and capitaland are always the first to chiong after a crash...take note here...next leg down just buy with eye close. i bought capitaland and kepland at 1.9 and 1.06 respectively.in March...make 100 over %.. |
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focusy
Senior |
30-Jun-2009 19:40
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mentioned as a top buy at: http://www.nextinsight.com.sg/content/view/1276/60/ | |||||||||||||||||||||||||||||
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dealer0168
Elite |
30-Jun-2009 19:15
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Emm i see quite a few members with number 8 in them as well that buy on Kepland..... A good sign,....haha. Let hope we all fa, fa, fa, fa...........HUAT lah. |
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dealer0168
Elite |
30-Jun-2009 18:31
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Hope tomorrow will be better.....cheers. News highlights:
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chewwl88
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30-Jun-2009 16:24
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yes agree. But seems more volume selling down today
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dealer0168
Elite |
30-Jun-2009 16:10
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Emm believe more good news should be coming out soon fr Kepland soon. Actually should hold on to it. Today another analyst had upgrade Kepland to outperform. <DYODD> |
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ET88888
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30-Jun-2009 16:09
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Keppel Land has come down from $2.96 to today's $2.26 (about 24%) since 3 weeks ago. It is stabilising between $2.25 to $2.35 over the last 3 days. This is a very similar to Capital Land when it gave rights issues. Capital Land has since move up from $2.00 to $3.76. If history does repeats, it is worth following Keppel Land. | |||||||||||||||||||||||||||||
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chewwl88
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30-Jun-2009 15:48
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Does this counter has chance to hit $2.77? | |||||||||||||||||||||||||||||
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chewwl88
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30-Jun-2009 15:44
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It mean that they release more volume for people to buy in
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cathylmg
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30-Jun-2009 15:41
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They want you to buy.
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chewwl88
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30-Jun-2009 15:40
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Buy Volume is more than sell volume. What is the meaning for that? The price will heading up? |
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ET88888
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30-Jun-2009 11:08
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Those who wanted to get rid of their excess, has already cleared them the last 10 days. It has settled down well for the next surge. Monitor closely for the move up. | |||||||||||||||||||||||||||||
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