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Will listen to you man... If $2, will whack in all my bonus and sit out for years. Will not make the same mistake of selling too early last time. Will wait for $10 before exiting. Will come one. In fact $3 can siah already.
nickyng ( Date: 22-Oct-2008 11:01) Posted:
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Keppel Corp Q3 net rises 10 pct, sees rig slowdown
SINGAPORE, Oct 23 (Reuters) - Singapore's Keppel Corp (KPLM.SI: Quote, Profile, Research, Stock Buzz), the world's largest offshore oil rig builder, posted a 10 percent rise in third-quarter profit on Thursday, but said expansion in rig fleets could be constrained by tight credit.
Keppel said that given the likelihood of further deterioration in global economies, it was focusing on consolidating and executing its existing orderbook, which remained unchanged from the previous quarter.
"We shall keep our powder dry until the current volatile conditions stabilise," the firm said in a statement.
"A slowdown in rig orders over the next 12-15 months should not have too significant an impact on us."
Oil prices have more than halved since early July, leading analysts to say the sector might see order cancellations, as fears of weaker fuel demand could reduce a push for oil exploration.
"We believe that the fundamentals underpinning rig and FPSO demand are still intact although in the foreseeable future, some rig owners' ability to expand their fleet could be constrained by tight credit," Keppel added.
Analysts are looking to see if tighter credit conditions and a global financial crisis that have battered stock markets are starting to feed through to the real economy and corporate earnings.
The conglomerate earned S$272.86 million ($182 million) in the three months to end-September, up from S$247.69 million in the same quarter a year ago.
Keppel Corp and rival Sembcorp Marine (SCMN.SI: Quote, Profile, Research, Stock Buzz) have benefited from the jump in oil exploration in recent years as prices CLc1 soared to record highs, but oil prices slid from near-$150 a barrel early in the quarter to around $100 by the end of September.
Keppel said its order book, which has S$13 billion in orders stretching to 2012, was robust and well diversified. Its outstanding order book also stood at S$13 billion at end-June.
The firm said its gearing was budgeted to reach 20 percent at the end of 2008.
Shares of Keppel Corp (KPLM.SI: Quote, Profile, Research, Stock Buzz) fell about 30 percent in the July-September quarter, underperforming a 20 percent drop in the broader Straits Times Index .FTSTI and a 26 percent drop in rival rigbuilder Sembcorp Marine over the same period.
Keppel Corp owns 53 percent of Singapore's third-largest developer Keppel Land (KLAN.SI: Quote, Profile, Research, Stock Buzz), which reported a 44 percent drop in third-quarter earnings as property sales were hurt by the financial turmoil resulting from the U.S. subprime mortgage crisis.
"Property markets will continue to undergo consolidation," Keppel Corp said. "We believe the markets in China, the Middle East and to some extent Vietnam, would be underpinned by their domestic fundamentals and are expected to hold up at a reasonable level in the medium term."
Keppel Land Q3 net falls 43.5 pct on weak sales
-Keppel Land is 53 percent owned by oil-rig builder Keppel Corp.
Market will free fall again today............ how low will it touch ? for sure will break 1800. believe KepCorp will be the SHORTIST target again today.... hehe... make some kopi $$$ ...." mai tu liao"
I sold before the split, cost price at $3, sold at $4+, which is equivalent to $2+ now.
run all the way up to $15 dollars, u didn't clear your position? wow...
you have good patience ~
goondoo ( Date: 20-Oct-2008 18:00) Posted:
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wow.....$4akan datang...hope it will go all the way to $2 or better still $1.99...hee
| Time | Last | Vol | Buy/Sell |
| 14:07:14 | 4.180 | 6 | S |
| 14:07:13 | 4.176 | 5 | X |
| 14:07:12 | 4.180 | 1 | S |
| 14:07:07 | 4.180 | 2 | S |
| 14:07:07 | 4.170 | 1 | B |
| 14:07:06 | 4.170 | 1 | B |
| 14:06:59 | 4.172 | 13 | X |
| 14:06:54 | 4.170 | 2 | B |
| 14:06:53 | 4.170 | 4 | S |
| 14:06:52 | 4.170 | 1 | B |
| 14:06:51 | 4.180 | 1 | S |
| 14:06:51 | 4.180 | 5 | S |
| 14:06:48 | 4.180 | 1 | S |
| 14:06:47 | 4.180 | 5 | B |
| 14:06:46 | 4.180 | 5 | B |
| 14:06:44 | 4.180 | 1 | B |
| 14:06:42 | 4.180 | 1 | B |
| 14:06:38 | 4.188 | 10 | X |
| 14:06:38 | 4.180 | 8 | B |
| 14:06:36 | 4.182 | 4 | X |
Offshore & marine sector
CIMB-GK RESEARCH, Oct 21
Downgrade sector to 'neutral' from 'overweight'; SembMarine remains our top pick. We downgrade Keppel Corp to 'neutral'from 'outperform', with a lowered target price of $6.10 (from $13.30). Maintain 'outperform' on SembCorp Marine but with a lowered target price of $3.00 (from $5.25). It remains our top pick as it is trading below its 10-year trough valuation of about 10x P/E.
Maintain 'outperform' on SembCorp Industries with a lower target price of $3.60 (from $5.37). Maintain 'underperform' on Cosco with an unchanged target price of $0.85.
Sector - NEUTRAL
hmm...looking at KC's related bro/sis(kepland,kepT&T(m1) ,SPC..etc) all are basically down..so this BIG bro look increasingly possible will hit S$2 by year end siah!! wow...$2 ?!?!??! really a steal...gonna pour all my year end AWS...variable bonus to get just 2x lot...hee :P meant time...pls enjoy SHORTING it hor..hee...ho ho ho...xmax come early :D
I bot Kepcorp for $3 in 2003 before it split.
Factoring the 1:1 split, the equivalent share price I bought in 2003 is about $1.50.
when STI up this burger down, u ought to be careful liao. no rush at this moment.
ha ha, AK dumped this burger and its brother Kepland at 8.55 n 520 respectively, with losses. just no eye see loh. though collected good div earlier.
HLJHLJ ( Date: 20-Oct-2008 17:40) Posted:
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What is its low during SARS? Can accumulate for long term when oil in great demand again.
good try. good luck.
Way of selling pattern look like H fund is h down or s/s holders is selling off like KTT s/s holders.
Maybe also m.call.
Waiting to going at $2.50 for 100lots.....
Most marine stock get sold down. Semmarine down 10% now. Any idea why ? Customer default on payments, cancelling of orders, forex losses etc.
kep corp super big blue chip gettin massacred!..
join the massacre or get massacred..
dont see any support level for kepcorp right now.. may go down to 3.9-4.2 range.. stay clear..
my view only
wow...who is SHORTING this burger?? 4.68 ??!?! wow..... :D
Hedge down towards 4.50, avoid buying.........before get burnt.
Sell if you dare.
Just my point of view.... trade with care...
It's better to have a longer term view...
Instead of guessing next week's price, why not think of the next few months, as the sinister effects slowly
seep through to the ground? 
leave your fingers on this counters, at this moment.
bh704428 ( Date: 18-Oct-2008 14:52) Posted:
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