Keppel    Last:6.47    -0.17

KepCorp vs SembCorp

Both are good picks. Hehe..

 

BIG JUMP TO $11.26 vs $5.35! Could be some big deals plus $100 oil price. Everybody is watching the Petrobras contracts closely.

 

* Index up 0.2 percent, 3,215 resistance eyed in afternoon * Oil rig builders gain on hopes of stronger oil prices  By Charmian Kok SINGAPORE, Dec 30 (Reuters)

- Sembcorp Marine and Keppel Corp led Singapore shares higher in Thursday's morning session as investors bought into the world's two largest rig makers on expectations oil prices will climb further. By the midday break, the Straits Times Index (STI) <.FTSTI> was up 6.36 points at 3.214.27. The total value of shares traded in the morning session was S$474 million, down from S$646.3 million shares on Wednesday. An abnormally icy winter in the U.S. may lead to lower crude inventories, adding to worries oil prices may creep up to $100 a barrel after Kuwait's oil minister said the global economy could withstand the price level, said Tey Tze Ming, a market strategist at Saxo Capital Markets.

"Oil prices will definitely spike higher in the short term and $100 is an attractive target for the speculators out there," said Tey, who tips the STI to see resistance at 3,215 points this afternoon. Oil rig builders outperformed the broader market, with the FTSE ST Oil & Gas Index <.FTFSTAS0001> up 1 percent at midday after U.S. Firms such as Diamond Offshore Drilling rose overnight on hopes rising fuel prices would boost demand for oil and gas services.

Sembcorp Marine, the world's second-largest rig maker, rose 2.1 percent to S$5.32 by the midday break with over 3.8 million shares traded. Its larger rival Keppel Corp gained 1.3 percent to S$11.18 with over 1.4 million shares changing hands. Wilmar , the world's largest-listed palm oil firm, fell 1.2 percent to S$5.62, as more investors questioned its diversification into property after it said it would submit a joint bid to buy the land use rights for six sites in China. [ID:nWNAS0322] Wilmar shares took a hit earlier this month after it announced its initial foray into Chinese real estate.

(Reporting by Charmian Kok; Editing by Kevin Lim) ((charmian.kok@thomsonreuters.com)(+65 6403 5666)(Reuters Messaging: charmian.kok.reuters.com@reuters.net)) Keywords: SINGAPORE MARKET STOCKS/MIDDAY

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keppel corp whipsaw into a diamond formation, trend is bullish (note: fiscal year Jan 2011). tgt 1135 -1145

keppel land, cash cow of keppel corp, trend ? ?? (note: fiscal year Jan 2011). tgt ? ??

sembcorp shooting star candle, short term bearish (note: fiscal year Feb 2011). tgt depend on sembmar profit

sembmar lost of momentum (price vs volume), short term bearish (note: fiscal year Feb 2011). tgt resistance 520 tobe break convincingly.

warning: Tightening policy measures (ie rate hike) kills developers pockets !!

 

 

Sleeping alright, more like ICU. Seems between the two, big boys have parked their money with KepCorp and refuse to pull the plug(short) or revive(buy).

Watch this counter till I also wanna sleep. MoooMooo...

 

Sleeping Giant - Don't write off sembcorp yet. It owns SembMarine + several power plants. IF it ventures into something big (like nuclear power or solar energy that PM Lee talked about @ some Energy Conference), then it will come to life... but don't know when. Must wait n wait...till the cow come home.

 

Opps.. Not stagnant, falling like rotten jackfruit.

 

How come KepCorp run so well but SembCorp stagnant?