Keppel Corp and Sembcorp Industries have been one of the main culprit highlights in the recent oil bear scenario, which brings it's share price down from the recent 5 year high of $11.57 to the low of $7.50.
Some readers have asked me whether Keppel is worth a buy at this price and I am pretty sure there are plenty who are considering to enter as well, given how "attractive" the last 5 years Keppel has bring to shareholders.
Personally speaking, I have not done an in-depth research of Keppel's core business while my previous couple of posts on Sembcorp was because I have previously been vested with them. In any case, conglomerates are a bunch of different core business integrated together which can make it very difficult to value.
For the purpose of this posting, I'll just do a simple sum of the parts method and if ......