The week started off with a yawn....
Surprising Keppel reqeusted for trading halt at 5.84....
If you recall, the selling pressure during the afternoon on Keppel.
Despite the halt, SembCorp and SembMarine is virtually flat with little volume in the morning.
After lunch, there is an annoucement that Temasek will increase their stake in Keppel to 51%.
This will raise the price to 7.35. For 2019, the stock did not touch even 7. It has been on decline since Jan 2018. The highs are in 2015 where the oil prices are high.
It will be interesting to see how Keppel can justify this valuation at current market conditions.
It is almost to a tune of bail out given the debt of Kepp is around $10Billion.
Will the stock rise above 7.35? We need to see some plans to see that price level is even sustainable. I will probably see half of holdings in Keppel to take profit.
Sembcorp came to live too. It shot up more than 10%. There are some reports the intrinsic value is 3.2. I think in the short term these stocks are bullish. Volumes are better than Sembmarine. I tried to enter but miss the boat. I think I will queue at 2.25 tomorrow.
Sembmarine exploded too.
I think the positive momentum will continue. Both Sembawang stocks can buy but please take a quick buck and exit.
Please see my disclaimer in my blog....
Surprising Keppel reqeusted for trading halt at 5.84....
If you recall, the selling pressure during the afternoon on Keppel.
Despite the halt, SembCorp and SembMarine is virtually flat with little volume in the morning.
After lunch, there is an annoucement that Temasek will increase their stake in Keppel to 51%.
This will raise the price to 7.35. For 2019, the stock did not touch even 7. It has been on decline since Jan 2018. The highs are in 2015 where the oil prices are high.
It will be interesting to see how Keppel can justify this valuation at current market conditions.
It is almost to a tune of bail out given the debt of Kepp is around $10Billion.
 |
| Keppel 5 years stock chart |
Will the stock rise above 7.35? We need to see some plans to see that price level is even sustainable. I will probably see half of holdings in Keppel to take profit.
Sembcorp came to live too. It shot up more than 10%. There are some reports the intrinsic value is 3.2. I think in the short term these stocks are bullish. Volumes are better than Sembmarine. I tried to enter but miss the boat. I think I will queue at 2.25 tomorrow.
 |
| SembCorp day stock chart |
Sembmarine exploded too.
 | |
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Please see my disclaimer in my blog....
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