Chart: Financial Times
Keppel’s share price has fallen from a high of $11 in July 2014 to $5.30 (as at 22 Feb 2016) – a 52% drop. When share prices fall so drastically, it’s easy to panic and cut your losses for fear of prices falling even further. On the other hand, a crash in price also brings a massive opportunity to pick up shares of a blue-chip company like Keppel at bargain-basement prices. But before you can do that, you need study a company’s ......Keppel Corporation (SGX: BN4) is one of the largest conglomerates in Singapore and one of the world’s largest builders of offshore oil rigs. In normal times, the latter point would be a cause for admiration, but with oil prices plunging over 70% from its 2014 peak, companies in the oil & gas industry are facing challenging times – and Keppel is no different.
