Shares & Derivatives
Revisit: Share price woes of Keppel Corp
By Rainbow Coin  •  January 31, 2019
An update Current share price: $6.10 Stellar earnings no longer stellar... but getting "staler"? (consolation, at least 18's results are better than 17.) One of the big culprits of my 2015 portfolio massacre. I must have been quite stupid to buy it again at $6.82 last year. Now must wait long long for it to slowly recover... Post below first published on 7/3/2016 "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%...
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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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