A follow up on these three oil related counters for the Q3 results annoucement.
Taking a look at the last quarter results.
SembCorp is trading below the book value. It appears to be the cheapest of the three. But the debt is as high as Keppel. Hence, this may be the reason of the current value of the stock.
The growth story of these three stocks are in the negative over the past 5 years. It is driven by the collapse of the oil prices and the corruption trails in Brazil. The energy sector appears to be shifting from oil rigs to shale.This is not the space that these companies are playing. They are trying to pivot towards green energy now.
This week these stocks appears to have rallied from their lows. It may be driven by the settlement of the corruption trial and slight increase in oil price.
The only stock that I would be positive is Keppel. Sembcorp is indeed a dark horse.
Please my disclaimer in my blog....
- 17th Oct Keppel Q3 announcement results
- 14th Nov SembCorp Q3 announcement results
- 13th Nov SembMarine Q3 announcement results
Taking a look at the last quarter results.
SembCorp is trading below the book value. It appears to be the cheapest of the three. But the debt is as high as Keppel. Hence, this may be the reason of the current value of the stock.
The growth story of these three stocks are in the negative over the past 5 years. It is driven by the collapse of the oil prices and the corruption trails in Brazil. The energy sector appears to be shifting from oil rigs to shale.This is not the space that these companies are playing. They are trying to pivot towards green energy now.
This week these stocks appears to have rallied from their lows. It may be driven by the settlement of the corruption trial and slight increase in oil price.
The only stock that I would be positive is Keppel. Sembcorp is indeed a dark horse.
Please my disclaimer in my blog....
Comments
Post a Comment