This post is not meant to be an analysis but to capture some notes after listening to Keppel Corp’s third quarter results.

The results was not very good from a layman perspective but that is not the most important thing, because after all, majority of the business is project order book based. We know that you are not going to see consistent free cash flow due to 3-4 different subsidiaries and the demand for consistent working capital.

Due to that every year, Keppel’s rig building, property and infrastructure have continue to take in relatively equal orders, the earnings look predictable.

Keppel’s webcasts make it good for layman investors like myself to understand the main risks involved and what are some of the key concerns of the analyst committee. If you are interested to find out on the sector, Do listen to pass webcasts for the question and answers.

However, I ...