Keppel
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keppel Corp
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The Straits Times
www.straitstimes.com
Published on Jan 26, 2012
Keppel Corp beats estimates with 11% rise in 4Q profits
By Jonathan Kwok
Keppel Corp on Thursday expressed confidence about its core rigbuilding business as it unveiled results that beat market estimates. Fourth quarter net profits at Keppel hit $389 million, surging 11 per cent from a restated $352 million from the same period a year earlier. Revenue soared 31 per cent to hit $2.8 billion.
The results for the three months to Dec 31 far exceeded the expectations of a Bloomberg poll of eight analysts, which had predicted a profit of $354.4 million.
Earnings growth for the quarter had been driven by Keppel's property division. Profit contributions from property surged to $131 million, from a restated $22 million a year back. Net profit from Keppel's main offshore and marine business in the fourth quarter was down by 15 per cent to $249 million as more of the profits went to minority interests.
Revenue from the offshore and marine division jumped 29 per cent in the quarter, as Keppel said in a statement that it 'continues to see good prospects for the offshore and marine industry with the projected increase in exploration and production expenditure in the next few years'.
Kepcorp much higher chance than sembMarine to go higher.....
Final div of 26c is below investors' expectation & nothing on special div too.
Only new orders from Sete Brasil will push share px to $11.oo.
Sad to say, it seems the new CFO is clueless about meeting investors' expectation!
Well, SGX announcement for Keppel Corp is 26 cents dividend.
Already broke 10.75 I think can go up to $ 11 .oo by 5.00pm
Jackpot2010 ( Date: 26-Jan-2012 14:36) Posted:
roadblock @ $10.75 - if can clear means good result tonite FY2010.
FY2009 Final Div was 26c + 1-for-10 bonus.
FY2010: I m hoping final div of 30c + div in species. Kepcorp owns 80.17% of Keppel T& T that may be distributed to Kepcorp shareholders as dividend in species in this or subsequent yr. At ~$1.09 KTT is grossly undervalued, all-time high was $5.90 in 2008. |
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roadblock @ $10.75 - if can clear means good result tonite FY2010.
FY2009 Final Div was 26c + 1-for-10 bonus.
FY2010: I m hoping final div of 30c + div in species. Kepcorp owns 80.17% of Keppel T& T that may be distributed to Kepcorp shareholders as dividend in species in this or subsequent yr. At ~$1.09 KTT is grossly undervalued, all-time high was $5.90 in 2008.
Keppel Corp ($10.13) — Breaks out of resistance
written by the edge
monday, 16 january 2012 14:05hrs
Prices broke above resistance in the week ended Jan 12, at the several-times-tested $9.90 level, which coincides with the declining 200-day moving average at the same level. Following the thin trading in December, volume was relatively higher and can be said to have expanded on the breakout, confirming the move as a genuine one.
However, note that there was much more volume when prices fell in the quarter ended last September. Still, the break above $9.90 looks good and indicates a target of $13.
healthy correction after recent run-up. many cashing out CNY angpow to be expected. Light vol & many buyers on CNY leave.
from 10.55 to 10.41
profit taking and shortist are coming in
technically overbought..
will look to take profit on this..
Think over cooked will DOWN below 10
STI get down from high og 824..
keppel Crp. all ready break its resistance level & if it will touch 10.57 then may be go for 10.62 -
goo.gl/rXNo9
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/896B604883293A6B48257989001180FE?opendocumentKeppel Corporation Limited (“Company”) refers to the Business Times article today entitled: “Local yards may be STX OSV suitors”.
The Company wishes to state that currently it is not making a bid for a stake in STX OSV.
The Company reiterates that, in the course of its business, it will explore various investments and acquisitions proposals. If and when there are any material developments which warrant a disclosure, the Company would make the appropriate announcement on the SGX-ST in accordance with the rules of the SGX-ST Listing Manual.
Reminder on results release dates: Kepland likely to announce special div (due to divestment gains of OFC to Kreit).KTT can expect 4c div. even if no special div.due to M1 coming in below expectation.- Kep T& T (wed nite 18 Jan)
- KepLand (Thurs nite 19 Jan)
- KepCorp (Thurs nite 26 Jan)
yes my bad..should b Jan 26th.. thanks cheng987
I read throught SGX results on Jan 26th, and not on Jan 20th,
ozone2002 ( Date: 16-Jan-2012 11:01) Posted:
Theedge reported a break above 9.9 would see Kepcorp move towards $13..
For those anticipating good results and dividend/bonus share announcement for their upcoming
results on Jan 20th, may want to accumulate below $10
Gd luck.. DYODD |
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Theedge reported a break above 9.9 would see Kepcorp move towards $13..
For those anticipating good results and dividend/bonus share announcement for their upcoming
results on Jan 20th, may want to accumulate below $10
Gd luck.. DYODD
Taken some profit first for ANGPOW and CNY goodies,
she over cooked ? may dip further ????
