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Friend hello123, I ca't find details on Kepcorp in your link http://sgxswinger.blogspot.sg/ .
Please show the way. Does sgx swinger call a top for this run up of Kepcorp price?
CS maintains its OUTPERFORM rating and $12.90 TP on counter, being its top pick within Singapore's capital goods sector. House believe it will be a key beneficiary of Mexico Energy Reform, with the recent MOU signed with PEMEX to jointly develop, own and operate a yard in Mexico. Despite Chinese competition, CS believe Keppel is well positioned in the rigbuilding market due to its wide offering of proprietary rigs and established ?near market, near customer? strategy. Keppel has secured about $6.7b of contracts YTD, representing 96% of our 2013 forecast of $7.0b. Next year, house expect $7b of orders in 2014, driven by strong jackup demand from Mexico, as well as options exercised by Transocean for more jackup rigs.
Apologies , I stand corrected on Kepcorp .. may have some more legs to run ...
for more details , see http://sgxswinger.blogspot.sg/
hello123 ( Date: 22-Nov-2013 20:23) Posted:
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Let me tell you my reaction on KepCorp.. :)
My reaction on KepCorp is it touched 11.11 and came down, then strongly rebound back to 11.11..
then it rebounded to above 11.10 to go as high as 11.18, but it reacted down..? You know why..? :)
Because it is about to reach the higher high resistance la.. which is 11.20 Resistance Level la.......... when was that peak point..?? 22/05/2013, wow....6 months ago.. power..
hello123
what you mean by reacting?
reaction process on ..?
as predicted in price trajectory below , kepcorp hit 1118 today after reacting at 1104 and 1108 - time to take profits ...
for more details , see http://sgxswinger.blogspot.sg/
hello123 ( Date: 25-Oct-2013 03:46) Posted:
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FELS, a subsidiary of Keppel Offshore & Marine (Keppel O& M), has secured a repeat order to build a jackup rig from a subsidiary of Ensco plc for around US$265 million.
The KFELS Super A Class harsh environment jackup rig is scheduled for delivery in the second quarter 2016.
It will be the fourth ENSCO 120 Series jackup rig that Ensco has ordered from Keppel FELS since 2011.
As part of the contract, Ensco has an option to order another similar rig.
The KFELS Super A Class harsh environment jackup rig is scheduled for delivery in the second quarter 2016.
It will be the fourth ENSCO 120 Series jackup rig that Ensco has ordered from Keppel FELS since 2011.
As part of the contract, Ensco has an option to order another similar rig.
Keppel wins another jackup order worth around US$265 million from Ensco
Another big jump to 11.11. Let's hope it jump to 13.50.
Today jump in price is that they just a announce 1.1b worth of contract secured by kep fel but not to forgot they had a yard in Mexico now and analyst mention 6 or more rig to be awarded by Pemex by end 13 or begin 14. Shd continue uptrend if not just take dividen also not bAd ma..
:-)
:-)
danytan ( Date: 07-Nov-2013 10:18) Posted:
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whats the reasons behind the jump? charts expected to continue?
Not to forget they say before 6 rig order to come from Pemex at end of 2013 or early 2014
KC Secured a repeat order from Transocean to build 5 KFELS Super B Class jackup rigs for US$1.1b. The rigs are scheduled for delivery progressively from 1Q16-3Q17. In addition, Transocean has options to build up to another 5 similar jackup rigs with KEP. This Transocean order does not come as a surprise, as the tender was reported by Upstream earlier this wk, with KEP tipped to be in the running to clinch the orders, given its track record with Transocean. Nevertheless, it is an affirmation of KEP?s leading position as a rig builder. Including this latest order, KEP has secured 20 newbuild projects worth about $6.4b ytd. This comes close to exceeding the street?s full year estimate of $5.5-6.5b worth of orders. OCBC maintains Buy with TP $12.87.
BNP notes KEP?s ?near customer, near market? strategy has positioned it to win orders in overseas regions with strong demand, such as Brazil, Mexico, Azerbaijan and the Middle East, allowing the rig builder to hold its market shares at 33% in 2011-13 (24% in 2013). Nevertheless the house lowers 2013-14 forecasts by 8% and 4%, due to delayed recognition of new orders, particular from the Petrobras-related semi-sub projects. Following its earnings forecast revisions, the house lowers its SOTP-based TP to $12.50 (from $13), for potential upside of 15%. This equates to a FY14e P/E of 12.7x and 2.1x P/B. BNP maintains its Buy rating.
Looks like Bear has an upper hand on Keppel Corp.
http://mystocksinvesting.com/singapore-stocks/keppel-corp/keppel-corp-fighting-with-200d-sma-resistance/
Kepcorp now 1094 may hit 1104 -1108 then react down then 1118 before reacting down strong
for more details , see http://sgxswinger.blogspot.sg/
Keppel Corporation's Q3 net profit rises 32% to S$457.6m
Singapore-listed Keppel Corporation booked a 32-per cent on-year increase in its third quarter net profit at S$457.6 million.
Excluding revaluation, major impairment and divestments, its third quarter net profit was S$403 million, up 20 per cent compared to the previous year.
In a statement, Keppel Corp said group revenue for Q3 was S$2.95 billion, down 8.4-per cent on-year.
The drop was partly due to lower earnings from the offshore and marine division, which saw a revenue decline of 31 per cent to S$1.54 billion due to lower volume of work.
It has offset some of the gains from the infrastructure and property divisions.
Keppel Corp said its property division sold over 3,600 homes year to date, surpassing the 2,350 homes sold in 2012.
The company said its offshore and marine business has so far secured about S$5 billion in new orders in 2013.
Its net order book stands at a record of S$13.6 billion as at end-September with work extending to 2019.
Looking into ahead to the fourth quarter, Keppel Corp said it expects " volatility and challenges" in its operating environment."
- CNA/xq
Keppel Corp has won a contract from Central Panuco, a subsidiary of Mexico?s Perforadora Central, to build a KFELS B Class jackup rig worth US$240m, including owner furnished eqpt. Scheduled for delivery in 4Q15, the jackup rig is intended for operations in offshore Mexico. With the latest contract, a total of 13 KFELS B Class jackup rigs have been ordered for the Mexican market since 2010, reflecting the increasing demand from this region ? a theme that market watchers have been highlighting of late. Year-to-date, Keppel has achieved orders of ~$5.3b, and is well on-track to meet the street?s 2013e new order estimates of between $5.5b and $6.5b. OCBC maintains Buy with TP $12.87 OSK-DMG maintains Buy with TP $12.24
Keppel Corp has secured a US$440m order for two jackup newbuilds from repeat customer Clearwater Capital Partners. The rigs are schedule for delivery in 4Q15 and 1Q16. The US$220m pricetag for each of the new rigs compares with the US$180m pricing for an earlier contract with Clearwater back in Jan ?11. As at 9M13, Keppel has achieved year-to-date orders of ~$5.04b, which forms 78% of the street?s 2013e new order estimate of $6.5b. Keppel remains on track for another strong year, with its record high orderbook and strong jackup delivery to underpin earnings visibility. Nomura reiterates Buy with TP $13.20.
A new shipbuilding yard that is jointly developed by Keppel Offshore & Marine Ltd, State Oil Company of Azerbaijan Republic and Azerbaijan Investment Company was officially opened by President of Azerbaijan, H.E. Ilham Aliyev. Singapore's Senior Minister of State for Trade and Industry, Mr Lee Yi Shyan, also attended the inauguration ceremony of the new yard. Named Baku Shipyard LLC, the new 62-ha yard in Baku, Azerbaijan, is designed to undertake the construction of a wide range of specialised vessels and merchant ships including subsea vessels, anchor handling tug/supply vessels and multi-purpose offshore support vessels such as platform supply vessels, as well as tankers and cargo vessels. The yard also has ship repair and conversion capabilities...