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701-720 of 2153
Pivot: 11.25
Our preference: Short positions below 11.25 with targets @ 10.2 & 10 inextension.
Alternative scenario: Above 11.25 look for further upside with 11.75 & 12.2 astargets.
Comment: the RSI advocates for further decline.
Key levels12.2 *11.75 *11.25 *10.52 last10.2 *109.5
**TRADING CENTRAL is a commentary service specialising in technical analysis.
i will stay away Kep Corp till direction is much clearer
On Tuesday, Kepcorp broke the support at $10.90 and closed at $10.86 with HIGH volume of 9.64 million shares traded.
A long black candle stick with short upper/lower shadow affirms that investors have no hesitant in selling down the stocks.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Kepcorp: $10.90
Immediate Support of Kepcorp: $10.71
Currently prices are resisted by 100 days MA at $10.90.
Today high selling pressure.......... READ MORE
FYI ONLY
� � F Keppel Group has secured its second offshore contract in as many weeks. � � Keppel Fels has won a US$260 mln contract from Floatel Int’l to build a new generation accommodation semi-sub to be delivered in Q1 ’14. � � This would be Kep Fels’ 3rd job for Floatel, a company set up in 2006 in which Kep Corp owns a 31.7% stake. � � The SSAU4000NG accommodation semi meets the stringent UK HSE requirements to work in the UK sector of the North Sea as well as the Gulf of Mexico, Brazil and Western Australia, which are known as harsh environment regions. � � We have a BUY call on Kep Corp.
who U want to read ?????????????One said Buy and one call hold ??????????
DMG & Partners Research keeps Keppel Corp. (BN4.SG) at Buy with an unchanged target price of S$13.80 after the rig builder announces order worth US$260 million from Floatel International (FLOAT.OS) to build a semi-submersible vessel for delivery in 1Q of 2014. " We remain positive on the outlook for new orders given that current crude oil prices are trading significantly above the investment hurdle price of US$75/bbl for most oil majors," DMG says in a note. The house adds that the latest order takes Keppel's contract wins to date this year to S$7.15 billion and total current orders to S$10.2 billion. Keppel is down 0.2% at S$11.08 vs the STI down 0.6%. (gaurav.raghuvanshi@dowjones.com)
what does thie mean?
Phillip Securities downgrades Keppel Corp. (BN4.SG) to Hold from Buy and cuts its fair value estimate to S$10.84 from S$11.58. The stock is off 0.7% at S$10.96. The house has lowered the FY2011 and FY2012 EPS estimated to S$0.88 from S$0.92 and S$0.65 from S$0.73, respectively. The downgrade also follows a change in the analyst covering the stock. Phillip says while recent contract wins have boosted the orderbook to about S$9.2 billion " we do not think Keppel Corp's share price warrants a higher valuation until a more visible return of semisubmersible--especially deepwater semi-submersibles drilling rigs--order flows." (samuel.holmes@dowjones.com)
Keppel Corp: secured a US$260m contract from Floatel Int’l to build an accommodation semisub for delivery in 1Q14. This is KEP's 3rd accommodation semi project with Floatel, with delivery of 2 units last yr. The new vessel will be built with Dynamic Positioning (DP) 3 capability pricing is lower than the previous DP3 unit ordered in 2007 at US$305m but still higher than an older DP2 unit ordered in 2006 at US$206m...
The new vessel meets the stringent UK HSE requirements to work in the UK sector of the North Sea as well as the Gulf of Mexico, Brazil and Western Australia. It can accommodate up to 500 persons. While this vessel is used for O& M support services, it indicates the continued strength in the deep water segment...
Ytd, KEP orderbook wins amount to $7b, vs Street full year order forecasts of btwn $9-10.5b.
With 61% of semi-subs and 65% of jackups globally being older than 25yrs, the replacement cycle still has room to play out. KEP, SMM, with 41% and 20% mkt share r’ptvly, are well positioned to take advantage of the continued rig order momentum...
Concerns about yard capacity should be limited for now, as KEP currently has ~30 rig orders on hand, vs 48 rig/vessel units on order back in 2007.
The majority of Street has Buy ratings on KEP, with recent TP ranging btwn $12.70 – 15.30.
The new vessel meets the stringent UK HSE requirements to work in the UK sector of the North Sea as well as the Gulf of Mexico, Brazil and Western Australia. It can accommodate up to 500 persons. While this vessel is used for O& M support services, it indicates the continued strength in the deep water segment...
Ytd, KEP orderbook wins amount to $7b, vs Street full year order forecasts of btwn $9-10.5b.
With 61% of semi-subs and 65% of jackups globally being older than 25yrs, the replacement cycle still has room to play out. KEP, SMM, with 41% and 20% mkt share r’ptvly, are well positioned to take advantage of the continued rig order momentum...
Concerns about yard capacity should be limited for now, as KEP currently has ~30 rig orders on hand, vs 48 rig/vessel units on order back in 2007.
The majority of Street has Buy ratings on KEP, with recent TP ranging btwn $12.70 – 15.30.
Break down $11. On downtrend now. Don't know wht is the next support??
10.70, then 10.30 ?? (from chart)
Keppel Corp to build new generation accommodation semi worth US$260 million for Floatel. Keppel FELS Limited has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd, to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014.
http://sgsharemarket.com/home/2011/06/singapore-company-highlights-14062011/?=KepCorp
Even Strong orders cannot beat weak mkt sentiment!
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_96BE56DD6B72906E482578AD00576F7E/$file/Floatel.pdf?openelement
Press Release
Keppel to build new generation accommodation semi worth US$260 million for
Floatel
Singapore, 13 June 2011 -
contract worth about US$260 million by returning customer, Floatel International Ltd
(Floatel), to build a new generation accommodation semisubmersible (semi) for delivery
in 1Q 2014.
Yes, I get it. Thank you.
Jackpot2010 ( Date: 11-Jun-2011 16:39) Posted:
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Keppel Graph shown below is misleading - b'cos Bonus 1-for-10 (ex-date 26.4.11) was not adjusted therein. Use correct graph from brokerage houses like iocbc & kim eng that adjusted for bonus. Friday closing of $11.10, translate to cum-bonus price of $12.21 (i.e. 11.10x11/10). Even SGX website is also not correct - did not adjust bonus. BOSAYOR.
However, Keppel will be hit If crude px crash. In JUL 2008 crude px hit all-time high of US$147 then it crashed within few mths to ~$30 in 2009 b4 rising to ~$100 now. History may repeat itself!
Hulumas ( Date: 11-Jun-2011 15:50) Posted:
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I stop buying, valuation just simply to high. Awaiting for appropriate higher prices to unload my holding!
KEP CORP CHART - Possible to accumulate from 11.06 to 11.12 range... take profit at the 11.50 level on a rebound.... Analysts are still positive on this counter....
Stop loss at 11.02 as it can head to 10.48 on the break of support at 11.06....
http://singaporetradinginsights.blogspot.com/
Keppel Corp: wins 8th semi-sub drilling tender from Seadrill worth US$142m. Delivery is scheduled for 2Q13. YTD orders secured amount to ~S$6.6b.
While the order wins is positive, and underscores the strong order momentum from the O& M sector, we highlight that pricing for this latest semi-sub is low, compared to a similar orders priced at btwn US$160-200m just not too long ago.
Still, the majority of Street has Buy ratings with recent TP ranging btwn $12.70- 14.37.
Rigbuilders: Upstream says Petrobras expects 28 locally built drilling rigs to be delivered on time (target 2015) despite delays in the bidding last yr. This may somewhat quell previous concerns that Petrobras may cancel/ delay some of the rigs due to the high cost. Still, unless the orders are finalized, things may still change, in view of Petrobras’ character...
On the back of this, Deutsche notes that industry demand is healthy and appears to be coming from across the industry globally. Maintains Overweight view on the O& M sector and believes KEP and SMM should benefit from any upgrade and/or replacement opportunities with increased scrutiny of aged offshore assets, as well as greater demand for high spec offshore rigs as drill conditions become more challenging and safety standards rise.
While the order wins is positive, and underscores the strong order momentum from the O& M sector, we highlight that pricing for this latest semi-sub is low, compared to a similar orders priced at btwn US$160-200m just not too long ago.
Still, the majority of Street has Buy ratings with recent TP ranging btwn $12.70- 14.37.
Rigbuilders: Upstream says Petrobras expects 28 locally built drilling rigs to be delivered on time (target 2015) despite delays in the bidding last yr. This may somewhat quell previous concerns that Petrobras may cancel/ delay some of the rigs due to the high cost. Still, unless the orders are finalized, things may still change, in view of Petrobras’ character...
On the back of this, Deutsche notes that industry demand is healthy and appears to be coming from across the industry globally. Maintains Overweight view on the O& M sector and believes KEP and SMM should benefit from any upgrade and/or replacement opportunities with increased scrutiny of aged offshore assets, as well as greater demand for high spec offshore rigs as drill conditions become more challenging and safety standards rise.
Kepcorp: IIFL retains Buy with TP $14.37 from $16.03 due to bonus shares
issue. Note that grp has reached 65% of $10bn new orders target for FY11, with jack-up rig orders (20 units) far exceeding original prediction of 14 units. Grp is almost certain to reach a new peak of orders intake and is undervalued. Stock trades at 13x of a distorted earnings trough of FY11
Kepcorp: Goldman Sachs note that Petrobras re-launches 21 rig tender and believe that KEP and SMM are still among the frontrunners for the orders. Believe Petrobras aims to finalize the winning bidders and sign the contracts by end-2011, with the rig owners being allowed a 48 mth construction term…..
Expect the news to be a slight positive for the share prices of KEP, SMM and SCI. In a bull-case scenarios for 2011, assuming a 7-rig order win for KEP/SMM, this could add 3% to implied values for both KEP/SMM.
Expect the news to be a slight positive for the share prices of KEP, SMM and SCI. In a bull-case scenarios for 2011, assuming a 7-rig order win for KEP/SMM, this could add 3% to implied values for both KEP/SMM.
KepCorp formed a One black crow candlestick formation today and is currently resisted by it's moving averages. Caution needed.
http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-06062011/
SINGAPORE, May 15 (Reuters) - Singapore's Keppel Corp said on Sunday its unit has got four repeat orders from Oslo-listed S.D. Standard Drilling Plc for jackup oil rigs worth $772 million.
The deliveries of these units are scheduled between second half of 2013 and first half of 2014, it said in a statement.
The four new orders from Standard Drilling have brought the total value of contracts secured by Keppel Offshore & Marine for the year-to-date to more than S$6.4 billion ($5.1 billion). ($1 = 1.245 Singapore Dollars) (Reporting by Singapore Newsroom)
Keppel to build 4 repeat jackup rigs worth US$772 million for Standard Drilling