Keppel Corp after hitting the high of 5.69 on 15th July 2016 it had since drifted lower to touch 5.13 on 3rd Aug 2016. This is rather bearish.
Both Macd & Rsi are also pointing downwards which may be a tell tale sign that the share price may continue to trend lower.
One consolation point to take note is that today it had managed to close higher at 5.20 after touching the low of 5.13. It seems that a technical rebound may happen any moment.
Crucial point to watch out is to see if it is able to cross over 5.28 with good volume that may likely reverse this downtrend and move higher.
I think good value is surfacing again if price fall below $5.20.
First half year Earnings per Share was 22.9 cents. Presuming full year EPS of 45.8 cents ( 22.9 x 2). The PE ratio is about 11.3x, dividend let say about 23 cents ( 8 cents + 15 cents ( final)) . Providing a yield of 4.4%.
(trade base on your own decision)
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