Keppel Corp: A gem that failed to sparkle

Readers of NAOF would be familiar with Keppel Corp, a company that I have been recommending over the past 3-4 months, starting when I first made an initial investment at the cost of S$4.40. While I believe that the company remains undervalued, its recent results announcement made me reconsider my stance in the company, particularly with regard to its corporate activity, or frankly speaking, the lack of it. I decided to pare the bulk of my stakes in the company despite my latest entry price (S$5.46) being higher than the current sale price. While there is a reasonable possibility that Keppel can trend higher ahead, the initial “catalyst” momentum is lost. And for that, I am willing to bite the bullet and say my partial “adios”. What happened last Friday (29 Jan 2021) which resulted in its share price dropping by 8%?...