High vol of 11m - Hit New High $12.04 +70c!
Those who bought at this level r unlikely to be retail investor. So v good chance of surpassing $13.oo in a short while (within few weeks not mths).
krisluke ( Date: 26-Jan-2011 16:10) Posted:
wow !! see my  on keppel corp the whole day.... paifu paifu.... world class gem. 
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wow !! see my
on keppel corp the whole day.... paifu paifu.... world class gem.
Enticed it did. 16 lots now. GO BABE!!
chris168 ( Date: 06-Jan-2011 14:48) Posted:
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Thanks bsiong. And krisluke too. You made it easy for some of us to pop in, sometimes in betw meetings like now to take a quick look on the market news.
IN KepCorp again ytd. Small, 6 lots. I didn't expect it to bounce back almost immediately though. Still, it is gd to put the $$ in the rt place, if Goldman Sachs thinks so too.
Petrobras is the bait. It entice us to go back again and again. Until then .....
bsiong ( Date: 06-Jan-2011 12:22) Posted:
Goldman Sachs raises Keppel to Buy; targets $13.00
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| WRITTEN BY DOW JONES & CO, INC | | THURSDAY, 06 JANUARY 2011 11:18 | Goldman Sachs upgrades Keppel Corp (BN4.SG) to Buy from Neutral, raises its target to $13.00 from $11.00; “we expect KEP to deliver the largest increase in CROCI through 2013E within our O&M coverage universe, as its leading Singapore yard status makes it the best-placed to benefit from this upturn.”
The house raises its new order assumptions and upgrades its 2010-2012 EPS estimates by 8.0% (now 11% above consensus). The new target implies 15% potential upside. It cites three reasons to be positive:
1) expects KEP to win more orders than peers given its strong track record, more geographically-diversified presence and wider product portfolio; 2) expects KEP to win slightly higher quality orders than peers, with better payment terms and more repeat orders; 3) says the market is over-penalizing KEP’s conglomerate structure. “Indeed, valuations for both its O&M division and on a group basis look compelling...given the range of likely catalysts, we expect KEP’s shares to re-rate.”
Its shares rise 1.1% to $11.46.
/theedge/
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KUWAIT | Sun Jan 9, 2011 5:10am EST
KUWAIT (Reuters) - Speculation could push oil prices to rise to $110 per barrel within a few weeks, which may prompt OPEC to raise production, a member of Kuwait's Supreme Petroleum Council (SPC) said on Sunday.
However, OPEC members are unlikely to meet before their scheduled meeting in June if prices reach $100 a barrel, Atiqi said, adding that the global economy could afford a $100 oil price, and that it would not hurt recovery.
// wow !! WOW !!
Thanks bsiong. And krisluke too. You made it easy for some of us to pop in, sometimes in betw meetings like now to take a quick look on the market news.
IN KepCorp again ytd. Small, 6 lots. I didn't expect it to bounce back almost immediately though. Still, it is gd to put the $$ in the rt place, if Goldman Sachs thinks so too.
Petrobras is the bait. It entice us to go back again and again. Until then .....
bsiong ( Date: 06-Jan-2011 12:22) Posted:
Goldman Sachs raises Keppel to Buy; targets $13.00
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| WRITTEN BY DOW JONES & CO, INC | | THURSDAY, 06 JANUARY 2011 11:18 | Goldman Sachs upgrades Keppel Corp (BN4.SG) to Buy from Neutral, raises its target to $13.00 from $11.00; “we expect KEP to deliver the largest increase in CROCI through 2013E within our O&M coverage universe, as its leading Singapore yard status makes it the best-placed to benefit from this upturn.”
The house raises its new order assumptions and upgrades its 2010-2012 EPS estimates by 8.0% (now 11% above consensus). The new target implies 15% potential upside. It cites three reasons to be positive:
1) expects KEP to win more orders than peers given its strong track record, more geographically-diversified presence and wider product portfolio; 2) expects KEP to win slightly higher quality orders than peers, with better payment terms and more repeat orders; 3) says the market is over-penalizing KEP’s conglomerate structure. “Indeed, valuations for both its O&M division and on a group basis look compelling...given the range of likely catalysts, we expect KEP’s shares to re-rate.”
Its shares rise 1.1% to $11.46.
/theedge/
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Keppel Corp- Technical Analysis
Keppel Corp stock eventually resolved the recent multi-week consolidation range to the upside on Thursday. This continuation buy-signal within the major uptrend could lift price towards around 11.70 short-term. Next support is previous resistance at 11.06. The rising 20-day moving average is coming in at 10.84. Decisive violation of the latter level would put the recent buy signal into question. A drop below horizontal support at 10.56 would likely trigger a deeper correction and deteriorate the intermediate-term technicals.
/dbwarrants/
Am confident it will continue its upward trend since (1) it has cleared the $11 hurdle and (2) Kep Corp is due to announce its full-year 2010 results next month (which I think will be a good set of results).
On Friday, Kepcorp remains trend inside the channel and closed at $10.80 with LOW volume of 0.631 million shares traded.
A candle stick with little body but long upper/lower shadow
indicates that investors are indecision in determine the future
direction of the stock.
Both RSI & MACD are flat as MACD lines converge together.
Important Resistance of Kepcorp: $11.04
Immediate Support of Kepcorp: $10.44
Currently prices are resisted by the 20 days MA and supported by 50 days MA at $10.44.
Kepcorp undergo consolidation mode with brief signal that it might be
READ MORE
Daiwa recommends BUY with Target Price at $12.05 What has changed?
• On 14 December, Upstream magazine said that Petrobras (PBR US, US$34.07,
3) might award initially fewer than its planned 28 made-in-Brazil rig contracts,
including rejecting all the contracts submitted by independent drillers.
Impact
• Petrobras had asked for bids in three separate tranches (pairs of Petrobrasowned
rigs, packages of seven identical Petrobras-owned rigs, and up to four
rigs owned/operated by independent drillers), with a combined total of 28 rigs.
The Upstream article said that only one package of seven identical drill-ships
might be awarded now, not two. The article also suggested that a new
supplemental tender might be launched to award rigs to more yards (ie, rely less
on the seven rig contracts).
• Assuming the report is correct, it would be slightly negative for Keppel Corp
(Keppel) (KEP SP, S$10.88, 2), which was the nominated rig builder for three
of the five independent drillers (ie, the lowest, median, and highest bidders).
The potential loss of these rigs for the independent drillers could theoretically
be offset by winning new contracts in the possible supplemental tender. We
think that Keppel would be in a good position to win one of these contracts as it
is one of the few bidders that has an existing yard in Brazil and the only one
with experience of building deep-water vessels. However, the increased
uncertainty in the situation adds, by definition, more risk to Keppel’s stock.
• If the article is correct, we think it would be positive for SembCorp Marine
(SembMarine) (SMM SP, S$5.12, 2), as the company originally appeared to be
positioned to win, at most, two rigs from Petrobras. In our view, a supplemental
tender would increase its chances of winning more contracts.
Valuation
• We maintain our six-month target prices, of S$12.05 for Keppel and S$5.17 for
SembMarine, because the details of the news reports have not been confirmed.
Our target price for SembMarine is based on a DCF analysis, while for Keppel
it is based on a sum-of-the-parts valuation.
Catalysts and action
• We maintain our Positive rating for the Singapore rig-building sector. In our
view, the rig-building sector is now at the beginning of a new-order cycle. We
expect more jack-ups to be ordered in early 2011, while we believe more deepwater
vessels (excluding Petrobras’s award) will be ordered in late 2011. The
Petrobras award remains a major positive or negative share-price catalyst,
depending on the outcome, due to its large potential size to the winners. We
expect the initial award of the contracts to be made in 1Q11.
Life Is Great
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