
oops.....Sembmar terminates one contract liao..wonder if this will hv repercussion on Kepcorp? hmm...sembmar say no impact on them for this termination...? sure or not? does that mean others wont default on their orders meh? :D
DJ UPDATE: Sembcorp Marine Terminates $422.7M Rig Contract
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_738598E6B39797BA482575A7001A2D1C/$file/SCMPressRelease29Apr2009.pdf?openelement
That is the greed and hope of man at work......When people are optimistic on this stock, they keep buying and pushing the price higher......These greed and hope are strong forces at work against all rationality.........These forces may blind the person who bought in to think that he has made a good deal when he may have bought it too high already............His argument is that the stock will continue to rise higher.......However, by buying at higher prices, the returns will be lesser than someone who has bought at lower prices......Somemore there is higher risk of making a loss if the price is already too much overvalued.........Because of the forces of greed, fear and hope at work, that is why Technical Analysis exists to make full use of these forces to deduce when to buy when greed and hope are in play and when to sell when fear is in play......
Anyway, two months back when people were still fearful, this stock was around $4. That maybe one of the best time to buy in. If anyone has bought in and held to now, he would have made at least $1.5k on each lot. The intrinsic value of this stock is around $4 plus range too. I am not a MFT.......However, given these forces of man (greed, hope and fear) at work, I will not be surprised at how much this stock will be traded upwards when economy recovers..........People will again buy in at sky high ridiculuous prices and the cycle repeats again when the next bear comes and panic selling resumes..........
well...looks like i m wrong....5.65 now seems like going for freefall? :)
Raised pandemic risk fuels fears for world economy
The World Bank estimated in 2008 that a flu pandemic could cost $3 trillion and result in a nearly 5 percent drop in world gross domestic product.
An outbreak of severe acute respiratory syndrome (SARS) which disrupted travel, trade and workplaces in 2003, cost the Asia Pacific region an estimated $40 billion. It lasted six months and killed 775 of the 8,000 people it infected in 25 countries.
In Washington, the Obama administration said it was too soon to determine the potential economic impact but U.S. Treasury officials were monitoring the situation. [ID:n27523217]
Regardless of the effect of the virus on the global economy, the head of the International Monetary Fund said he did not see a global economic recovery before 2010.
IMF Managing Director Dominique Strauss-Kahn told CNBC television he hoped the worst was over but that "green shoots" in the global economy were mostly in the United States.
A Reuters survey of analysts across European and the United States taken April 21-27 found a slim majority saying the bottom had yet to be hit in the worst global recession since World War Two. Most expected the crisis to last anywhere from six months to another two years. [ID:nLN383363]
"Financial and macroeconomic stability are still some way off and we don't yet have the foundation for a solid recovery," said Lena Komileva, chief G7 market economist at Tullett Prebon.
not bad ehh...after XD still manage 5.72 !! hee....wondering if it will trend up or down from here? :D
LONG? SHORT?

nickyng ( Date: 27-Apr-2009 09:04) Posted:
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my boss asking... hehe...

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
short got 68 % confidence....not really. Monday STI index is up
teeth53 ( Date: 25-Apr-2009 10:21) Posted:
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The job of pig farming goes to Sing Food Ind, sold to SATS, maybe send him to Sats is so much better then in Keppel corp. Just my sharing my thot.
DR Lee Boon Yang, 61 DoB: 01/10/1947 (there is a different teeth thot so:....)
- Educated at Montfort School in Singapore
- Graduated as a veterinarian (B.V.Sc Hon 2A) from the University of Queensland, Australia.
- 1972-1981 Worked as a vet and R&D Officer at the Primary Production Department
- 1981 Joined the regional office of the US Feed Grains Council
- 1982 Joined the Primary Industries Enterprise Pte Ltd as Senior Manager.
- 1984 Elected parliamentary seat Jalan Besar and has held the seat for 5 consecutive times
- Feb 1985 Appointed Parliamentary Secretary to the Minister for the Environment and the Minister for Communications and Information
- May 1985 Parliamentary Secretary to the Minister of Finance and the Minister for Home Affairs.
- 1986 Appointed Minister of State for Trade and Industry, and Home Affairs
- 1987 Relinquished his portfolio as Minister of State for Trade and Industry, and took on the appointment of Minister of State for National Development.
- 1988 Appointed Senior Minister of State for National Development and Senior Minister of State for Home Affairs. He was also appointed the Government Whip
- Nov 1990 appointed Senior Minister of State for Defence
- 1991 appointed Minister in the Prime Minister's Office
- 1992 relinquished his posts as Minister in the Prime Minister's Office and took on the appointment of Minister for Labour, retaining his portfolio as Second Minister for Defence.
- 1994 appointed Minister for Defence while retaining his portfolio in Labour
- 1998 Became Minister for Manpower when the Labour Ministry was changed to Ministry of Manpower.
- 2003- Minster for Information, Communications and the Arts
Lim Chee Onn, 64
Non-Executive Chairman
Education:
Bachelor of Science (First Class Honours) in Naval Architecture, Glasgow University; Masters in Public Administration, Edward S. Mason Fellow, Kennedy School, Harvard University; Doctor in Engineering (Honorary), Glasgow University.
CV: Mr Lim started his career in the Civil Service.
July 1977: Deputy Secretary, Ministry of Communications until elected as Member of Parliament. He served as Political Secretary, Ministry of Science and Technology from August 1978 to September 1980. Mr Lim was Secretary-General, National Trades Union Congress from May 1979 to June 1983 and concurrently Minister without Portfolio, Prime Minister’s Office from September 1980 to July 1983, and remained as Member of Parliament until December 1992.
In addition, Mr Lim is Deputy Chairman of the Seoul International Business Advisory Council. He is Economic Advisor to Jiangsu Provincial Government, PRC, and Consultant to the People’s Government of Yunnan Province, PRC. He is a member of the INSEAD Singapore International Council, member, Board of Trustees, Asia Business Council, member of the Board of Trustees, The Conference Board; and Counsellor, The Conference Board’s Global Advisory Council on Economic Issues. Mr Lim is also Chairman, Advisory Board, SKB Institute of Financial Economics, Singapore Management University, and a member of the Governing Board, Lee Kuan Yew School of Public Policy, National University of Singapore.
Executive Chairman of Keppel Corporation Limited from January 2000 to 31 December 2008 (Director since 1983; date of last re-election: 25 April 2008) and Chairman of the Executive Committee. He is also Chairman of Keppel Land Limited, Singapore- Suzhou Township Development Pte Ltd and Singapore Tianjin Eco-city Investment Holdings Pte Ltd; and a board member of the Monetary Authority of Singapore and Business China. Mr Lim is also the Honorary Chairman of the National Heritage Board, Chairman of the Advisory Board, Harvard Singapore Foundation and Alternate Member, Council of Presidential Advisors.
Conferred Distinguished Service Order by HE President, Republic of Singapore and Commander, Order of the Crown, by HM King Albert II, Kingdom of Belgium.