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
With the sale of its Oil&Gas segment to Sembcorp Marine, the problematic & cyclical profit sector seems to be unhinged from the future dreams of Kepcorp. It is now ready to embark on a more asset light management moving forward. With gahment ambitions on-the-tow, will it be able to make further inroads into neighbouring Asia and Asean countries? I certainly hope so, as I am currently vested 😂
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