Keppel Corp

Update for KepCorp 8 Apr 2014 -  KepCorp is on a uptrend mode as reflected from TA point of view. Current price of $10.93 seems holding up well. Short term it may continue to move up higher towards $11.15 then $11.30.(trade base on your own decision)

Update for KepCorp 5 Mar 2014 -  KepCorp  is on a neutral mode as reflected from TA point of view. All 3 indicators such as MACD,RSI and Stochastic are pointing upwards which is rather positive. Breaking out of $10.57 with high volume may see it rises further towards $10.78 then $10.85.(trade base on your own decision)

Update for KepCorp 27 Feb 2014 -  KepCorp is rather weak as reflected on TA point of view. Both Stochastic & RSI are still pointing downwards which is rather negative. Breaking down of $10.39 may see it goes further down to $10.19 soon.
(trade base on your own decision) 

Update for KepCorp 10 Feb 2014 -  KepCorp seems to have bounced off from the low of $10.19 on 4 Feb 2014 and risen up to $10.37 on 7 Feb 2014. Volume has also picked up which is quite positive for driving the share prices higher. Stochastic is showing sign of turning upwards which is also quite positive and may help to drive the share prices higher towards $10.44 . Breaking out of $10.44 with high volume that will reverse this downtrend and short term may test $10.76 soon.
(Trade base on your own decision) 

Latest view quote from Lim & Tan Securities (24 Jan 2014) -
Daily Review 24 January 2014

KEPPEL CORPORATION
S$10.88-KEP SP
1.Keppel Corporation reported 4Q13 net profit of
S$332 mln (+9% yoy) on the back of 20% growth in
revenue, driven by the turnover growth in the
Offshore & Marine and Infrastructure. On a full
year basis, the group posted net earnings of $1.4
bln (-26% yoy), mainly attributed to the absence of
one-time gains from the sale of apartments at
Reflections at Keppel Bay in 2012 as well as disposal
of an equity investment amounted to over $650
mln.
 
2. A final dividend of 30 cents per share has been
proposed. Together with the interim cash dividend
and distribution in specie of Keppel REIT units, the
total distribution to its shareholders for 2013 will
be 49.5 cents per share. This represents a payout
ratio of 63% of its recurring profit.
 
3. With property market still in the doldrums and rig
construction cycle potentially peaking, thus leading
to a slowdown in new orders momentum, we
downgrade the stock to a contrarian Hold. Despite
the headwinds, we believe its share price continue
to be well-supported by decent yield of 4.5%.
 
Update for keppel Corp 17 Jan 2014 - KepCorp after hitting high of $11.22 on 30 Dec 13 and went all the way down to $10.93 yesterday. This is very bearish. All 3 indicators such as MACD, RSI & Stochastic are pointing downwards which is rather negative. Breaking down of $10.84 may see it goes further down to $10.56 soon.
(trade base on your own decision)  

Update for keppel Corp 24 Dec 13 - As mentioned on 13 Dec 2013 if it was able to clear $11.05 that will be reversing the down trend and prevent the stock prices from going further down. Looking good at the current price of $11.09 + all indicators are pointing upwards. Short term TP $11.38.
(Trade base on your own decision)

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Update for Keppel Corp 13 Dec 13 - The stock recently reversed down after the downside penetration of an ascending trend line. RSI also broken below its rising support, MACD is down and Stochastic is in oversold position. This is very bearish. The risk of further downsides towards 10.3 is rather high unless it is able to cross over $11.05 with strong volume to resume going upwards.
(Trade base on your own decision)

Other Opportunity 

Keppel Corp from a technical point of view, the stock remains well supported by its ascending 20-day moving average.So long $10.9 is not broken down, looking forward to advance to 11.45 and then to 11.7 in the near term.

The Straits Times index today closed at 3160.70 which falls below its 20-day MA of which may see further downside.

( trade base on your own decision)

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