Being a fundamentalist, it is intriguing to read the technical analysis done by Dave, founder of See How I Trade. For the next few series of articles, I will attempt to combine both my bottom-up approach with Dave’s top down market analysis on SGX stocks. In this article, I will touch on Keppel Corporation, one of the most favourite blue chips among Singapore investors.
The past one year has been extremely unkind to Keppel Corporation, which suffered a triple whammy from the Lava Jato scandal, potential Sete Brasil bankruptcy protection and plunging crude oil prices. Due to this challenging environment, Keppel Corporation’s share price plunged to a 6 year low of $4.84 per share. Investors of Keppel Corporation were shell-shocked by the extent of the fall as in the year 2014, the share price was still trading at the $10 range. To drop by 50% in value within a year is frightening, even in terms of ...
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