Keppel Corp

Re: Keppel Corp

Postby helios » Mon May 11, 2020 8:02 am

Even with oil dips and poor earnings, this stock is not moving any lower. Once it reaches > $6.35, I will sell it soon .... ^^
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
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Re: Keppel Corp

Postby behappyalways » Fri May 29, 2020 4:15 pm

Keppel pilots Vision 2030 transformation plan
https://sbr.com.sg/energy-offshore/news ... ation-plan
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Re: Keppel Corp

Postby helios » Sat May 30, 2020 4:33 pm

Yes but it seems that e short-term resistance is held at 6.05 ....
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Re: Keppel Corp

Postby behappyalways » Mon Jun 01, 2020 4:54 pm

Keppel O&M associate Floatel to conduct independent review after Prosafe's $1.14 bil impairment
https://www.theedgesingapore.com/news/o ... es-114-bil
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Re: Keppel Corp

Postby helios » Fri Jun 05, 2020 11:35 am

Still vested.

Re-adjusted my Q to exit @ 6.50 thereof.
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Re: Keppel Corp

Postby behappyalways » Sat Jun 13, 2020 5:25 pm

Keppel and Awilco Drilling part ways on construction of mid-water harsh environment rig contract worth US$425 mil
https://www.theedgesingapore.com/news/c ... onment-rig



Brazil's Comptroller General initiates administrative enforcement procedure against Keppel O&M following 2017 corruption scandal
https://www.theedgesingapore.com/news/o ... -procedure
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Re: Keppel Corp

Postby behappyalways » Sat Aug 01, 2020 5:10 pm

Impairment of $930 million causes $537 million net loss for Keppel Corp in 1H2020, calls into question Temasek’s partial offer
https://www.theedgesingapore.com/views/ ... s-question
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Re: Keppel Corp

Postby winston » Mon Aug 03, 2020 10:28 am

not vested

Keppel Corp (KEP SP)
2Q20: Larger-than-expected Impairments


KEP reported a 2Q20 loss of S$698m due to larger-than-expected impairments of S$919m, resulting in one of the MAC clauses within the Temasek partial offer being triggered.

Should the three inter-conditional resolutions at the SCI and SMM EGM (slated for 11 August) be passed, we expect Temasek to waive the MAC clause and revise down its partial offer.

Excluding impairments, KEP’s 2Q operational results were largely in line.

Maintain BUY. Target price lowered slightly to S$7.10.

Source: UOBKH

https://research.uobkayhian.com/content ... 526d9931fb
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Re: Keppel Corp

Postby helios » Mon Aug 03, 2020 11:41 am

Agreed. Price shall be revised.
Just bought some more Keppelcorp @ 5.18.
Will exit all soon near end Aug OR hold till Oct period.
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Re: Keppel Corp

Postby winston » Mon Aug 03, 2020 1:23 pm

vested

Keppel Corporation (KEP SP) - All eyes on Temasek now

Keppel Corporation saw a S$697.6m net loss in 2Q20, mainly due to significant impairments in the Offshore & Marine segment, such as the provision for contract assets and doubtful debts.

With this, the 20% threshold in the MAC clause for Temasek’s pre-conditional partial offer in respect of net profit after tax has been crossed, which means that the MAC pre-condition is not satisfied as of 31 July.

Temasek has the right to waive its pre-conditions but if it walks away from the deal, there would be a negative knee jerk reaction on the share price and traders could eye recent trough levels of S$4.82 in March 2020 and S$4.70 in early 2016 during the last oil crisis.

All this is happening around the same time that SCI and SMM are having their own proposed restructuring which also involves Temasek (the EGM date for SCI and SMM is on 11 Aug).

Looking ahead, the O&M division will face very challenging conditions and we believe that bold restructuring is needed.

The Covid-19 pandemic has also highlighted the industry’s heavy reliance on foreign labour and some re-thinking may be required for more sustainable operations.

An interim cash dividend of S$0.03/share has been declared, vs. S$0.08/share a year ago. BUY.

Source: OCBC
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