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981-1000 of 2153
well support at current level of 9.24 as long as it doesnt break 9.2 level, the potential upside for this counter is 9.6...
good luck to those who vested.
This is good news - TP$10 coming very soon, read on....
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E9608DF268723C074825776F0034AA2E/$file/KCL_Press_Release_Seafox.pdf?openelement
Press release (29 Jul)
Offshore arm Keppel FELS commercialises its new wind turbine installation vessel design for deeper waters in partnership with leading fleet owner and operator Seafox Group.
Keppel breaches new depths in the offshore wind energy sector
OCBC Research (28 July)
Bullish channel breakout suggests further recovery
More upside ahead.
Keppel Corp could see more upside potential after staging a bullish break above the $9.00 key support-turnedresistance, 100-DMA and the upper boundary of its 2-month horizontal channel on increasing volume yesterday.Momentum remains bullish.
With both the RSI (not yet overbought) and MACD indicator still rising steadily at the moment (see enlarged chart), these suggest that the upside momentum remains intact.Initial resistance at $9.60.
We expect the rally to test the initial resistance at $9.60 (support-turned-resistance), breaking which, we see the next resistance at $10.50 (major peak in Apr ‘10).Immediate support at $9.00.
Meanwhile, $9.00 is now the newly established resistance-turned-support. Below this, the subsequent supports can be found at $8.29 (lower boundary of 2-month horizontal channel) and $7.65 (key resistance-turned-support).Note: We currently have a fundamental BUY rating on Keppel Corp with $11.22 fair value.
Philip Teo (65) 6531 9807 e-mail: philipteo@ocbc-research.com
chanting ( Date: 28-Jul-2010 20:58) Posted:
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ALPHAALLIANCE ( Date: 26-Jul-2010 11:19) Posted:
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$9.00 + 6c Strong buying!
Chmn of Keppel O&M Mr. Choo CB said Brazil Petrobras tender results will be out within 3 weeks from 22 Jul. Do NOT sell too early as it may push >$10 if awarded $billions contracts. Choo CB who is also S'pore non-resident ambassador to Brazil, should QUIT if KepCorp gets nothing this time....it's unimaginable!
http://www.kepcorp.com/investorrelations/webcasts.asp
Keppel Corp
Buy | $8.94
CLSA upgrades Keppel Corp to Buy from Outperform on valuation grounds after recent underperformance.
Cites contracts wins from Petrobras as near-term stock catalysts.
But trims target price to $10.44 from $10.99.
A little disappointed 'cos I was hoping interim div 20c but 16c is still 1c > last yr's.
1H'10 Report Card:
1. Net profit improved 11% to S$669 million compared to
1H 2009’s S$603 million.
2. Earnings per share of 41.9 cents, up 11% from 1H 2009’s
37.8 cents.
3. Annualised ROE remained above 20%.
4. Economic Value Added before exceptional items increased
from S$452 million to S$493 million.
5. Cash outflow of S$859 million.
6. Net gearing of 0.01x.
7. Interim dividend increased 7% to 16.0 cents per share.
alexmay ( Date: 22-Jul-2010 17:24) Posted:
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Notice is hereby given that, the Share Transfer Books and Register of Members of the Company will be closed on 7 August 2010 for the preparation of dividend warrants.
Huat ahhhhh!!!!
KepCorp $8.88 + 8c Huat 4x - Very Auspicious!
Oil Settles Above $77 as Stocks Rally Again
Oil prices rose nearly 3 percent Tuesday to a two-week high above $77 per barrel as better-than-expected corporate earnings boosted confidence about the economy and lifted markets. The principal U.S. stock indexes rose more than 1.5 percent after strong results from aluminum maker Alcoa gave a promising start to the earnings season. "There's no doubt the stock market led the oil market higher," said Phil Flynn, senior analyst with PFGBest Research. U.S. light, sweet crude for August delivery settled up $2.20, or 2.94 percent, at $77.15 per barrel, having earlier fallen to $74.25. London Brent crude for August delivery settled up $2.28 at $76.65 a barrel. The August contract price moved briefly above September as traders bet maintenance in the North Sea would boost Brent in the short term.
Last night, NYMEX crude oil futures dropped for the first time in four days on the strengthening dollar and extended losses after breaking technical support at US$75.40. It dropped US$1.14 to settle at US$74.95/barrel, taking its loss year-to-date to 5.6%. Last week, crude oil had enjoyed its biggest rally in six weeks, gaining 5.5%. (Bloomberg)
Last week was also a good week for the world’s largest oil rig builder Keppel Corp, which advanced 4.4%. The stock fell 0.1% yesterday to close at $8.77.
Will shoot >$9 soon - catch it while u can!
2Q10 Results expected on next Thurs nite (22 July). Bumper interim div is expected this time (Last yr was 15c for 2Q09). Remember they just paid 23c div in kind via K-Green listing. KCL is really a good company.
KepCorp $8.73 +13c
Your TA reading so chun ! Excellent!
alexchia01 ( Date: 08-Jul-2010 12:20) Posted:
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