On 20 Apr 2017, Keppel Corporation reported a 23.7% increase in first-quarter earnings and a net profit of $260.4 million for the first quarter of this year. However offshore and marine division continued to be a drag on the company’s revenue as the revenue slide 28.4% to $1.25 billion. Before the earnings result, Keppel Corp stock already declined 2.6% and further declined by 1.4% on the date of the Group’s earnings on a doji.
For some investors, the doji might seem to imply a reversal of Keppel stock price and Keppel stock price the next day, on 21 Apr 2017, might seem to reflect this with a 1.6% increase at $6.56.
Technically, Keppel Corp stock is now oversold based on RSI. Fundamentally, Keppel Corp is trading at 3.05 dividends yield, 1.022 Price-to-Book ratio, 15.292 Price-to-Earnings. DBS Vickers in its ......
