Shares & Derivatives
Share price woes of Keppel Corp
By Rainbow Coin  •  March 7, 2016
Keppel Corporation announced earnings results for the year 2015. For the year, the company reported net profit fell 19.1% to SGD 1.52 billion, with its fourth-quarter results hit by a SGD 230 million provision for the default risks tied to a USD 4.9 billion rig construction contract with the financially stricken Sete Brasil. -SGX 2/3/16" Biggest dip for share price in the year: $9.54 to $4.64 (a whooping -51% that sent the price below its NAV) Current share price: $6.19 (-35% from Yr 2015 high) Keppel's offshore and marine sector contributes 53% of its total revenue. Here's a short analytical article by The FifthPerson. The good things are they have set aside provision for the Sete default risk and still paying out dividends albeit lower than previous. Rumours have it that they may be selling some assets eg. stakes in M1. If it ......
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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