Bought 6,000 shares of Keppel Corp on 26 Aug at $4.60.
Without these bad news recently, I wont be able to buy Keppel Corp at such cheap price.
- Withdrawal of Temasek offer
- 1H result net loss due to impairments
- COVID 19
- Low oil price
- Reduced dividend
Reasons for buying:
1) Price at 10 years low
2) PB 0.81
3) Keppel Corp Holdings
Source: https://www.marketscreener.com/
Keppel DC REIT + Keppel Infrastructure Trust are two of my most favourite.
4) Keppel Corp Vision 2030
5) Potential Temasek re-offer 6 ~ 24 months later It really make no sense for Temasek to proceed with the original offer given that how bad current economy is. Worst is...
3.5