Keppel land has grown 180% YOY relative to this week prices. BNP Paribas says Keppel Land's price has crossed its fundamentals, and exceeded the fair value. I cashed out of Keppel Land last week at $3.63 and prices seem to be hovering around that level ever since.
The strong near term prospects of Keppel Land due to the FY10 Integrated Resort development seem to have already been factored into the price, according to the broker house. Their target price is $3.07 but I am not sure when they are referring to. The financial results due 25th gives some opportunity I sense, but it'll probably be a short spike in price if there is any good news at all. I guess positive sentiment can only go so far.
Decided to buy in Keppel Corp this morning. It hit $8.70 exactly 1 week ago, and presently, the price seems to be hovering around $8.55. I am banking on Keppel's growing order book and potential contracts with Brazil. The possible listing of their on business trust might also unlock some value for their infrastructure assets.
Current market is still being overbought by 752 points, but still 'better' from an investor's perspective compared to yesterday's 1000+ points. Now is the time to start picking out counters.
Thursday, January 14, 2010
Wednesday, January 13, 2010
some important dates..
Some potentially useful information I stumbled upon..
Notice of Dates for Keppel Group's Full Year 2009 Financial Results The Keppel Group of Companies is pleased to announce its full year 2009 financial results on the following dates:
- K-REIT Asia on 20 Jan 2010
- Keppel Telecommunications & Transportation Ltd on 20 Jan 2010
- Keppel Land Limited on 25 Jan 2010
- Keppel Corporation Limited on 26 Jan 2010
Regardless of the result of the financial year, I'm pretty sure FY10 will be a pretty good one for Keppel. Specifically monitoring Keppel Land and Keppel Corp.
Notice of Dates for Keppel Group's Full Year 2009 Financial Results The Keppel Group of Companies is pleased to announce its full year 2009 financial results on the following dates:
- K-REIT Asia on 20 Jan 2010
- Keppel Telecommunications & Transportation Ltd on 20 Jan 2010
- Keppel Land Limited on 25 Jan 2010
- Keppel Corporation Limited on 26 Jan 2010
Regardless of the result of the financial year, I'm pretty sure FY10 will be a pretty good one for Keppel. Specifically monitoring Keppel Land and Keppel Corp.
Monday, January 4, 2010
OCBC Investment Research Report
According to the 18th Dec report, the top stocks to look out for in FY2010 are:
Ezra Holdings, Genting, Hyflux, Keppel Corp, Keppel Land, Midas Holdings, MobileOne, Noble Group, Olam International, Sembcorp Marine, Spore Telecoms, SMRT Corp, StarHub, UOL Group and Wilmar International.
Of course, as always, avoid the hot stocks of the week and understand what you are buying before taking the plunge. Would be reading more into the investment report to see what other counters are worth the money.
On a side note, hot favourite Genting seems to have cooled for the moment. Fair value according to the report is $1.31. Almost fully valued at current prices?
Ezra Holdings, Genting, Hyflux, Keppel Corp, Keppel Land, Midas Holdings, MobileOne, Noble Group, Olam International, Sembcorp Marine, Spore Telecoms, SMRT Corp, StarHub, UOL Group and Wilmar International.
Of course, as always, avoid the hot stocks of the week and understand what you are buying before taking the plunge. Would be reading more into the investment report to see what other counters are worth the money.
On a side note, hot favourite Genting seems to have cooled for the moment. Fair value according to the report is $1.31. Almost fully valued at current prices?
Thursday, December 31, 2009
Good bye 2009!
Last day of 2009, a pretty much volatile year for stocks worldwide. Singapore, which suffered or should I say, experienced relatively less volatility than other countries around the world, is gearing up for a more predictable 2010. Personally I would stay out of the US market, though news about recovery constantly return, there is still talk hovering around that fundamentals are not strong enough yet.
The STI seems all set to hit 2900 in the first week of 2010. It seems to be the trend nowadays that no bad news is good news, and if it continues that way, 2010 would offer some steady growth for stocks that have some decent fundamentals and upcoming projects, yet dragged down by negative sentiment this while.
The 3 Singapore banks will continue its uptrend in price, at least in the first month or so and other stocks that are worth having a second look at include Ho Bee, Hyflux, Keppel land and Sembcorp Marine.
The STI seems all set to hit 2900 in the first week of 2010. It seems to be the trend nowadays that no bad news is good news, and if it continues that way, 2010 would offer some steady growth for stocks that have some decent fundamentals and upcoming projects, yet dragged down by negative sentiment this while.
The 3 Singapore banks will continue its uptrend in price, at least in the first month or so and other stocks that are worth having a second look at include Ho Bee, Hyflux, Keppel land and Sembcorp Marine.
Tuesday, December 29, 2009
The Case for Genting Singapore
One of the major contributors to STI movement this couple of days had been due to a highly traded Genting Singapore. The stock closed at $1.17 last Friday and ran up to $1.24 at the start of this week, and prices show no sign of abating.
The Business Times today talked about Genting and once again, a not too surprising 'Buy' call was issued with target price of $1.30. If I recall, this had been the target price for a couple of broker houses for the past month or so.
This is hardly unexpected, given all the hype surrounding the opening of Genting's RWS during first quarter of next year, probably just in time for the influx of CNY punters. The delay in the opening of Marina Bay Sands by LVS supposedly caused by bad weather and bankruptcy of some of its construction firms probably also contributed to the optimistic outlook for Genting.
Too much hype I must say. Prices are likely to hit $1.30 into the first week of January, but any growth will be muted as short term investors would probably start to cash out. Prices would probably continue moving upward, but much slower than what's happening now. Hence I would probably hold back my horses rather than going in at $1.24.
Oceanus, on the other hand, would be a potential counter coming into 2010. Would look more into this tomorrow.
The Business Times today talked about Genting and once again, a not too surprising 'Buy' call was issued with target price of $1.30. If I recall, this had been the target price for a couple of broker houses for the past month or so.
This is hardly unexpected, given all the hype surrounding the opening of Genting's RWS during first quarter of next year, probably just in time for the influx of CNY punters. The delay in the opening of Marina Bay Sands by LVS supposedly caused by bad weather and bankruptcy of some of its construction firms probably also contributed to the optimistic outlook for Genting.
Too much hype I must say. Prices are likely to hit $1.30 into the first week of January, but any growth will be muted as short term investors would probably start to cash out. Prices would probably continue moving upward, but much slower than what's happening now. Hence I would probably hold back my horses rather than going in at $1.24.
Oceanus, on the other hand, would be a potential counter coming into 2010. Would look more into this tomorrow.
Wednesday, December 23, 2009
2900?
Managed to sell off some counters that I deemed moving sideways over the past couple of days. The market is certainly picking up this week, with movements from the 3 banks and Jardine group of companies.
Keppel Corp and Keppel Land seem to be rather bullish recently, and I expect the trend to sustain through till next week. Keppel's Brazil subsidiary had recently acquired a $800m contract from Noble, and their contract book seems optimistic enough to convince me to hold their stock at least into first quarter 2010.
Hyflux has called on a trading halt on news about the collaboration with JGC corp Japan for developing water projects in the PRC. Agreement is through and prices have gone up to a new level apparently, hitting $3.70 on the 14th. This is one counter that am seriously contemplating putting more funds into.
STI looks optimistic, possibly could hit 2900 coming into the new year.
Keppel Corp and Keppel Land seem to be rather bullish recently, and I expect the trend to sustain through till next week. Keppel's Brazil subsidiary had recently acquired a $800m contract from Noble, and their contract book seems optimistic enough to convince me to hold their stock at least into first quarter 2010.
Hyflux has called on a trading halt on news about the collaboration with JGC corp Japan for developing water projects in the PRC. Agreement is through and prices have gone up to a new level apparently, hitting $3.70 on the 14th. This is one counter that am seriously contemplating putting more funds into.
STI looks optimistic, possibly could hit 2900 coming into the new year.
Friday, December 18, 2009
Back in business
The exams are finally over and after a short hiatus, I figure it's probably best to put myself actively in the investing scene again. The overall feeling of uncertainty in the NYSE and NASDAQ has kept me out of the US market at the moment, as fundamentals are STILL not strong for a steady recovery.
Interest rates in the US have been kept low since a year ago to ease financial borrowing on the back of the US financial system collapse. However, interest rates NOW are still near zero, and borrowing is made easier than before, not a good thing since the meltdown was due to living on credit. Economics teaches us that low rates of interest facilitates borrowing and investment, and short term growth. But is this method a sustainable long term solution for recovery?
Time to streamline the SG portfolio. Forsee a busy term next semester, probably have to pick a few stocks to concentrate on. Present attention is given to Hyflux and SembMarine.
Interest rates in the US have been kept low since a year ago to ease financial borrowing on the back of the US financial system collapse. However, interest rates NOW are still near zero, and borrowing is made easier than before, not a good thing since the meltdown was due to living on credit. Economics teaches us that low rates of interest facilitates borrowing and investment, and short term growth. But is this method a sustainable long term solution for recovery?
Time to streamline the SG portfolio. Forsee a busy term next semester, probably have to pick a few stocks to concentrate on. Present attention is given to Hyflux and SembMarine.
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