Keppel Corp 02 (Jan 15 to Dec 25)

[behappyalways]

Privatised Keppel Land woos holdout shareholders in selective capital reduction exercise
http://sbr.com.sg/residential-property/ ... pital-redu

[behappyalways]

keppel-profit-drops-as-oil-price-slump-delays-offshore-projects
http://www.bloomberg.com/news/articles/ ... e-projects

[winston]

not vested

Keppel Corporation: Always looking for new opportunities

Keppel Corporation (KEP) recently delivered what it described as one of the world’s largest harsh environment enhanced mobility land rigs. The unit was delivered 41 days ahead of schedule and the undisclosed customer is a “major operator”.

This is the first land rig of its type to be built by KEP, and extends the track record of Keppel AmFELS as the leading rig building yard in the Gulf of Mexico.

Recall that the contract was announced in Dec 2014 with a price tag of US$100m for the engineering, procurement and construction of the rig.

This development illustrates the group’s continuing drive to look for new opportunities, and while we note KEP’s wide range of businesses (property, infrastructure, etc.), the substantial offshore & marine segment still weighs on overall sentiment.

Source: OCBC

[behappyalways]

Keppel Sees Prolonged Dearth of Oil-Rig Orders Amid Glut
http://www.bloomberg.com/news/articles/ ... deliveries

[behappyalways]

Singapore Rig Giant’s Man in Brazil Says Managers Backed Bribes
http://www.bloomberg.com/news/articles/ ... ked-bribes

[behappyalways]

Keppel conundrum
http://www.theedgemarkets.com.sg/sg/art ... -conundrum

[behappyalways]

Keppel ends FY16 with earnings of $784 mil, the lowest in a decade
http://www.theedgemarkets.com.sg/sg/art ... est-decade

[helios]

Today exited @ 6.85 (5.8 lots). here is a story behind. Bought it Dec'15 @ 6.3. Thereafter Oil came tumbling in Jan'16 as Oil barrels was $25 (w DJ stump in US market); China triggered circuit breakers in Feb'16. Its lowest @ 4.8. Had to held it on for a year. This is e time to exit. Else, next year Oil futures are declining and a new port in competition.

[behappyalways]

Keppel posts 23% rise in 1Q earnings to $260 mil on infrastructure and investments units
http://www.theedgemarkets.com.sg/articl ... ents-units

[behappyalways]

keppel-offshore-marine-cuts-another-1250-staff
http://splash247.com/keppel-offshore-ma ... 250-staff/