Keppel is one of those classic Singapore blue chip stocks I’ve always wanted to do a deep dive into.
It’s a devilishly complex stock though, so I never got around to doing it.
Then COVID-19 happened, and Temasek pulled their takeover offer for Keppel. We covered this a few weeks back, but long story short – Temasek offered to buy a majority stake in Keppel for $7.35, but they dropped the offer after COVID-19, causing a big sell-off in the stock price.
You can see the 5-year price chart below. Keppel hit a low of $5 during the 2015 oil bust, it recovered to almost $8.5 in 2018, and since then it’s been a one-way train downhill to $4.3 range today.
Source: ShareInvestor WebPro
Note: The research for this article, and most of the charts here, are sourced from ShareInvestor Webpro. It’s a great way to quickly perform research on Singapore...