tag:blogger.com,1999:blog-7944902213075756335.post1214431341400095657..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): A tale of two Keppels: Win, lose or draw?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7944902213075756335.post-14225769717012554592015-01-27T14:10:29.181+08:002015-01-27T14:10:29.181+08:00erm, are these the real reason y Kep Land privatis...erm, are these the real reason y Kep Land privatise?bluelitehttps://www.blogger.com/profile/01514693170165586703noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10632376617736271902015-01-26T15:53:02.752+08:002015-01-26T15:53:02.752+08:00Nomura maintained its "reduce" rating fo...<i>Nomura maintained its "reduce" rating for Keppel Corporation, calling the news "negative catalyst to the stock" and reiterating its target price of S$7.95.<br /><br />The rating, said Nomura analysts Wee Lee Chong and Abhishek Nigam, is due to the weak new orders outlook owing to a global oversupply of jackup rigs in 2015, and the potential consensus downgrades for Keppel AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38114483580793110062015-01-25T22:10:59.594+08:002015-01-25T22:10:59.594+08:00Hi Investor Boy,
We can either do our own calcula...Hi Investor Boy,<br /><br />We can either do our own calculations or just take the numbers from the latest quarterly reports.<br /><br />These days, most companies have very nice presentation slides which show all the important numbers very neatly. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66679379767329377872015-01-25T21:18:59.107+08:002015-01-25T21:18:59.107+08:00Hi AK,
Enjoyed your article - I am also an owner...Hi AK, <br /><br />Enjoyed your article - I am also an owner of Kep Corp shares, and this move has also puzzled me. <br /><br />Probably a silly question, but when you talk about valuations/NAV, how do you do your own calculations to get to that figure? In my limited knowledge I can only think of (Assets - Liabilities)/Shares outstanding<br /><br />Thanks!Investor Boyhttps://www.blogger.com/profile/06330147868938656796noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56060405169252997302015-01-24T20:06:48.981+08:002015-01-24T20:06:48.981+08:00Hi yeh,
I haven't really done a valuation of ...Hi yeh,<br /><br />I haven't really done a valuation of KepCorp since I am more interested in SembCorp. However, based on TA alone, immediate support is at $7.90. If that should break, we could see $7.10 (which I am sure would make many people happy). :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-43509325484693873622015-01-24T18:07:00.054+08:002015-01-24T18:07:00.054+08:00So ak
What price you will consider to go in?
For...So ak<br /><br />What price you will consider to go in? <br />For keppel corpyehhttps://www.blogger.com/profile/12571111570066245051noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12387555996541200572015-01-24T12:10:08.720+08:002015-01-24T12:10:08.720+08:00Hi SMK,
Yes, I get the distinct feeling that KepC...Hi SMK,<br /><br />Yes, I get the distinct feeling that KepCorp is trying to address the weakness in their O&M business by privatising KepLand too but at what price? That is a pertinent question.<br /><br />Interest rates will rise. There is no other logical direction for it to go. It is just a matter of time.<br /><br />So, buying into banks makes sense to me. Buying into property counters AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20950722996558629712015-01-24T11:58:20.552+08:002015-01-24T11:58:20.552+08:00Hi Ana,
Oh, I am very sure that some insiders and...Hi Ana,<br /><br />Oh, I am very sure that some insiders and their relations will have their pockets fattened by this exercise.<br /><br />I kept asking why $4.60? Why not a lower price? Say, $4.00? A lower price that is attractive enough to KepLand's shareholders and yet create more value for KepCorp's shareholders would make more sense.<br /><br />Circumstantial evidence. I must not sayAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-20783345545902766502015-01-24T11:58:14.775+08:002015-01-24T11:58:14.775+08:00Maybe they just want the cashflow to look ok for t...Maybe they just want the cashflow to look ok for the next few years. Dividend is a strong factor for a lot of kep corp holders. <br /><br />Property received a boost in terms of forseeable low interest rate in the next 1 to 2 years.<br /><br />singapore govt policies on credit doesn't make that big of a difference to corporate property entities since they are free to move their assets.<br /><SMKhttps://www.blogger.com/profile/10968938425811827200noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68428160827573023602015-01-24T11:51:19.798+08:002015-01-24T11:51:19.798+08:00actually, there is another aspect i am not pleased...actually, there is another aspect i am not pleased about...as a shareholder of KepLand.<br /><br />A couple of weeks prior to the announcement, the trading volume of KepLand increased from 1.5m to 4million....and 1-2 days before the results announcement, 10 million. Obviously, there was a leakage, and someone is buying up KepLand shares in huge quantities to benefit from it.<br /><br />If you Anahttps://www.blogger.com/profile/04893597653717284552noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85419416022420978382015-01-24T11:24:43.178+08:002015-01-24T11:24:43.178+08:00Also from my FB wall:
Ck Loh:
it's the best t...Also from my FB wall:<br /><br />Ck Loh:<br />it's the best time to privatize now when the property sector seems lacklustre - be greedy when ohen others are fearful.<br /><br />Assi AK: <br />However, we want to buy at a big discount to valuation if possible. Buying at $4.60 a share hardly creates value for KepCorp's shareholders. Of course, it is good news for KepLand's shareholders.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25921971128569461632015-01-24T10:10:05.141+08:002015-01-24T10:10:05.141+08:00From my FB wall:
Ronnie Chan:
Dear Assi AK, just...From my FB wall:<br /><br />Ronnie Chan: <br />Dear Assi AK, just want to check with you, how did u get that the higher offer price is higher than its NAV? Based on the offer announcement, the base and higher offers are stated to be 0.88x and 0.93x of NAV respectively.<br /><br />Assi AK:<br />Oops. Really? I got the information from Keppel Land's presentation slides from November 2014.<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com