Keppel Corp 01 (May 08 - Dec 14)

[Musicwhiz]

It's going to build a offshore wind farm in the German zone of the North Sea. Pretty interesting development.

Strange. Swiber talked about this a lot in their slides, and CEO mentioned it too, but so far caught no wind (mind the pun) on this.

Keppel didn't talk about this at all I think, yet managed to land a contract.

Strange world indeed.

[Aspellian]

Action vs Talk&Talk - Actual Orderbooks and delivery vs Potential Bidding Volume

Prefer companies that delivers instead of drumming up - unless deals and directions are very very firmed, then news are released.

If spends too much time talking and not enough thinking + action also no use.

[LenaHuat]

KepC is into producing icebreakers . There is a great potential for this. The North Pole ice sheets are melting so fast that navigators anticipate new and shorter sea routes via the NP. The integrated environmental engineering biz should look good now that both China and the US are going to be govt-infrastructure driven economies in the next 5 years.

2day, this ticker is continuing to trend up very strongly.

KepC was already eyeing IEE projects for a long time. Just that Choo is a low-profile guy.

[millionairemind]

March 24, 2010, 6.12 pm (Singapore time)

Keppel Shipyard wins 2 conversion deals worth S$160 mln

By ANGELA TAN

Keppel Shipyard Limited (Keppel Shipyard) has secured two contracts totaling $160 million to convert a Floating Production Storage and Offloading (FPSO) vessel for Single Buoy Moorings Inc (SBM), and a livestock carrier for an affiliated company of Hijazi & Ghosheh Co.

Keppel Shipyard's latest project from SBM is for the conversion of the Very Large Crude Carrier (VLCC), M/T Bauhinia, into an FPSO facility.

Work on the FPSO is expected to commence in the second quarter of 2010 and completed in the third quarter of 2011.

The second contract to convert a vehicle carrier, Merlion Ace, into a livestock carrier for Merlion Ace Compania Naviera S.A, an affiliate of Hijazi & Ghosheh Co., a world leading livestock carrier owner and operator.

To be renamed Ghena, the vessel is targeted for completion in the third quarter of 2010, and will ply the route between Australia and the Middle East.

[Aspellian]

Keppel corp's news come hard and fast... interesting. high chance there will be a big deal after pocket big gains. looking at keppel's past 30 years history, they always do something big after a downturn.

Chart movement also interesting. now consolidating on low vol.

[millionairemind]

Apr 22, 2010
Keppel Corp Q1 profits up 13%


KEPPEL Corp, the world's largest offshore oil rig-maker, on Thursday said its outlook is brightening after strong orders in the first quarter and posted a better-than-expected 13 per cent rise in profit.

The conglomerate, whose interests span from offshore and marine engineering to property and infrastructure, also said it was aiming to list its infrastructure division K-Green Trust in the second quarter of 2010.

Keppel said the had secured S$1.6 billion worth of orders in the first quarter, close to its full-year projection of S$2 billion for the whole of 2010 earlier this year.

'The first quarter of this year saw the global recovery gaining momentum,' Choo Chiau Beng, Keppel Corp's chief executive said. 'With the improving economic environment, the outlook for Keppel's key businesses is brightening,' he added.

However, Mr Choo said the margins for offshore and marine business seen in the first quarter may not be sustainable in the longer-term.

Keppel earned S$322 million ($234.7 million) in the three months to March, up from S$285 million a year ago, and compared to Thomson Reuters I/B/E/S estimates of S$246 million, helped by strong performance of its property business.

Keppel Land reported a 75.3 per cent rise in its first quarter net profit to S$64.7 million. Keppel shares have risen by 21 per cent since the start of the year, outperforming a 3 per cent rise in the broader Singapore market . -- REUTERS

[winston]

Not vested. From DBS:-

DBS Research is upgrading Keppel Corp to BUY. TP raised to S$11.50 (Prev S$ 8.43) on upgraded earnings for O&M, higher TP for KepLand and KReit, and higher surplus for Keppel Harbour project.

Catalysts would come from the award of Petrobras contracts and impending listing of K Green Trust.
1Q10 results were above expectations on record offshore and marine margins. Earnings for FY10/11F have been raised by 19% and 13% after adjusting for higher O&M margins.

[winston]

Not vested. From UOBKH:-


Earnings Revision

In view of 1Q10’s high O&M margin and our recently revised property earnings forecasts, we raise our 2010, 2011 and 2012 net profit forecasts for Keppel Corp by 15-25%.

We have maintained our annual O&M contract wins forecasts of S$5b for 2010 and S$4b each for 2011 and 2012.


Valuation

Downgrade to SELL. We have tweaked our fair price marginally upwards from S$8.60 to S$8.90 based on our revised sum-of-the-parts valuation of S$8.94/share. Downgrade to SELL as Keppel’s share price is at a 12% premium to our fair value.

[Aspellian]

who to listen?? haha!! so its a buy or sell?

[kennynah]

who to listen?? haha!!

the best person to listen to...is your inner voice..