Shares & Derivatives
Will Kepcorp at $6.2 go HIGHER?
By Financial Stewardship  •  April 19, 2023
Keppel Corporation is a government linked company with strong capabilities in energy & environment, urban development and connectivity. Many Singaporeans will be much familiar with this grandfather stock Kepcorp has a market capitalisation of $11B with a 52wk price range of $4.57 to $7.72 (current price at $6.21) which is -20% from 52w high and +36% from 52w low Throughout the many years, Kepcorp has rewarded shareholders with relatively good dividend (2-6%), even during Covid year of 2020 In the short term, psychological $7 and $7.50 resistance levels will be the prices to watch. Also not forgetting $7.35 which was the price that Temasek initially offered to buy Keppel private, before calling it off. So lots of resistance bands ahead. Looking at the long term chart, it's probably hard to recall before 2014, that Keppel used to be a $10+ stock. Those are probably the good old days where shipbuilding was lucrative and profitable before the Chinese shipyards competition kicked-in...
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By Financial Stewardship
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