Shares & Derivatives
Keppel Corp First Quarter Results
By StockBrokerPlaysPoker  •  April 16, 2015
In january I wrote about how Keppel Corp was a great buy, over the past 3 months it has since gone up over 15%! and I have taken the opportunity to realize profits on half my position, with the remaining awaiting the juicy dividends of 36 cents on 22th april XD date. As for its 1Q15 results, earnings rose 6% which is really pretty solid but revenues fell 6.1%. As expected the drag came from the marine segment which sale a sharp fall of 12% in earnings. Keppel corp only managed to secure half a billion worth of orders in the first quarter... which is pretty slow... I expect full year 2015 orders to come in around 3 billion, definitely lower than last year. What really saved keppel corp this quarter was its property segment, which earnings jump a whopping 16%! So much for management's decisive play to take ......
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By StockBrokerPlaysPoker
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