In my previous post on SPH stock (you can access the post here), I mentioned how the earnings announcement of SPH would be a “prelude” to the nature of announcements from companies which will report their earnings next: slowing corporate net profits and announcements of how the company will contain costs. True enough, one of the companies which reported their earnings last night was Keppel Corp and Keppel Corp A3 net profit was down by 38.1% and while SPH intends to shave off 10% of its staff strength over time, Keppel has cut about 3,080 of its jobs and going forward, more reduction of its workforce is expected. Looking at Keppel’s technical chart, Keppel which last traded at $5.32 is trading in a band of around $5.15 to $5.49. Investors should wait for a clearer signal: either break above the price resistance or price floor ......