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%