ShareJunction - Member Posts

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+$0.05 $8.42 now! The bollinger bands is heading to widen sharply in few days time.

5Jan'10 Closed $8.38

*MA Crossover
SMA7days $8.249 (SMA7 above SMA14)
SMA14days $8.229

*Bollinger Upper Bands $8.352 (Price closed $8.38 above it)

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+$0.12 $8.39 now ! bollinger band's upside is forming!

daphnecsf ( Date: 05-Jan-2010 14:52) Posted:

Keppel Corp's Bollinger Band is becoming tighten now, price has cross above the mid-band, sign of upside volatility is about to increase sharply :)

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CHEONG AHHH !!!

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AmResearch 10 Dec,09
Buy Call on Keppel , SOP-based fair value of $10.65

Keppel Corp Ltd's (Keppel) wholly-owned Keppel Offshore & Marine Ltd has secured contracts worth $160 million for:
(1) A Floating Production Storage and Offloading (FPSO) vessel conversion;
(2) A Derrick Lay Barge completion; and (3) A life extension of a semi-submersible rig.

Since beginning October this year, Keppel has secured new contracts worth US$1.3 billion ($1.9 billion) compared to only
US$57 million ($80 million) in 3QFY09.

We estimate that Keppel has – since beginning 2009 – secured new orders worth US$2 billion ($2.9 billion) – which includes
contracts for its infrastructure division. The new flow of jobs have already been incorporated into our order replenishment
estimate for FY2009F.

As such, we maintain our forecasts and reaffirm our buy call on Keppel with an unchanged sum-of-parts (SOP)-based fair value of $10.65 per share.

*****

Keppel Corporation Limited
GROUP PROFIT AND LOSS ACCOUNT
for the third quarter and nine months ended 30 September'09

Nine Months $'000
Revenue $9,217,886 +14.2% vs (9mths 2008 $8,070,405)
Profit for the period $1,499,889 +52.0% vs (9mths 2008 $986,896)

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4CFDC968EDFB0B64482576570030F73A/$file/KCL9m09_ResultsSGXNET.pdf?openelement

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Updated: New York, Jan 04 22:00 London, Jan 05 03:00 Tokyo, Jan 05 12:00

COMMODITY FUTURES
Oil VALUE 81.60

Crude oil for February delivery rose 2.7 percent to $81.51 a barrel in New York yesterday, the highest settlement since October 2008, as freezing weather and improving global economies bolstered the outlook for fuel demand.

tradersgx ( Date: 04-Jan-2010 00:07) Posted:

My est. for Oil will go up to $80 to $95 in 2010.

Bloomberg
Updated: New York, Jan 03 10:58 London, Jan 03 15:58 Tokyo, Jan 04 00:58

COMMODITY FUTURES
Oil VALUE 79.36 CHANGE% 0.08 CHANGE 0.10

tradersgx ( Date: 07-Dec-2009 01:11) Posted:

Oil and Gas Sector: To continue to outperform in 2010, Ezra FV $2.40, SembCorp Marine [BUY, FV: S$4.16], Keppel Corporation [BUY, S$9.70].

OCBC - By Low Pei Han
Friday, 04.12.2009

The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Stepping into 2010, we see companies with expertise in deepwater production faring better

than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for semi-submersibles and drillships from customers, though there will still be demand for jack-ups.

Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances. The outlook for the supply vessel segment is dimmer than the construction vessel

segment, given a possible oversupply situation for the former with many deliveries of newbuilds this year and next year. However we do note some deliveries may slip. We continue to be OVERWEIGHT on the oil

and gas sector though we point out that different stages of the value chain and their sub-segments experience different demand and supply dynamics. As such, we have picked Ezra Holdings [BUY, FV: S$2.40],

SembCorp Marine [BUY, FV: S$4.16], and Keppel Corporation [BUY, FV:S$9.70] as likely beneficiaries based on underlying trends.

Best-performing sector in 2009.
The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Though there were concerns about the sustainability of exploration and production activities

because of low oil prices in the earlier part of the year, confidence came back to the market with higher oil prices that were spurred by a myriad of factors. Government stimulus packages arrested the downward

spiral of economic activity and market sentiment improved. With the belief that the global economy is likely recovering (albeit still fraught with uncertainties), the greenback weakened as funds flowed out to higher

yielding assets, supporting the rise in oil prices. The solid long-term fundamentals of the oil and gas industry also endeared themselves to investors.

Push for deeper waters.
Stepping into 2010, we see companies with expertise in deepwater production faring better than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for

semi-submersibles and drillships from customers, though there will still be demand for jack-ups. The push for even more technical vessels is likely to continue, benefiting companies that do not scrimp on research

and development. Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances.

Maintain OVERWEIGHT.
Ezra Holdings [BUY, FV: S$2.40], SembCorp Marine [BUY, FV: S$4.16] and Keppel Corporation [BUY, S$9.70].

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Ratios For Keppel Corporation Limited

Valuation Ratios
Price/Earnings    8.16
Price/Sales    1.11
Price/Book    2.85
Price/Cash Flow    8.98

Profitability Ratios (%)
Gross Margin    25.61
Operating Margin    14.80
Net Profit Margin    14.16

Market Capitalisation
Market Cap ($ Millions)    13,116.49
Shares Outstanding    1,593.74
Float    1,246.50

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Finally it breakout $2.30 ! +$0.08 $2.35 now

susan66 ( Date: 03-Jan-2010 20:13) Posted:

Yes agree, I think can easily reach $2.30 by next week, after that more upside expected. Should be quite explosive if can break $2.31 as the bollinger band has tightened. Smiley

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Bloomberg
Updated: New York, Jan 04 00:56 London, Jan 04 05:56 Tokyo, Jan 04 14:56

COMMODITY FUTURES
Oil VALUE 80.18 CHANGE +0.82 CHANGE% +1.03%

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My est. for Oil will go up to $80 to $95 in 2010.

Bloomberg
Updated: New York, Jan 03 10:58 London, Jan 03 15:58 Tokyo, Jan 04 00:58

COMMODITY FUTURES
Oil VALUE 79.36 CHANGE% 0.08 CHANGE 0.10

tradersgx ( Date: 07-Dec-2009 01:11) Posted:

Oil and Gas Sector: To continue to outperform in 2010, Ezra FV $2.40, SembCorp Marine [BUY, FV: S$4.16], Keppel Corporation [BUY, S$9.70].

OCBC - By Low Pei Han
Friday, 04.12.2009

The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Stepping into 2010, we see companies with expertise in deepwater production faring better

than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for semi-submersibles and drillships from customers, though there will still be demand for jack-ups.

Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances. The outlook for the supply vessel segment is dimmer than the construction vessel

segment, given a possible oversupply situation for the former with many deliveries of newbuilds this year and next year. However we do note some deliveries may slip. We continue to be OVERWEIGHT on the oil

and gas sector though we point out that different stages of the value chain and their sub-segments experience different demand and supply dynamics. As such, we have picked Ezra Holdings [BUY, FV: S$2.40],

SembCorp Marine [BUY, FV: S$4.16], and Keppel Corporation [BUY, FV:S$9.70] as likely beneficiaries based on underlying trends.

Best-performing sector in 2009.
The oil and gas sector was the best performing sector in 2009, appreciating by 141% compared to the STI’s 53% rise. Though there were concerns about the sustainability of exploration and production activities

because of low oil prices in the earlier part of the year, confidence came back to the market with higher oil prices that were spurred by a myriad of factors. Government stimulus packages arrested the downward

spiral of economic activity and market sentiment improved. With the belief that the global economy is likely recovering (albeit still fraught with uncertainties), the greenback weakened as funds flowed out to higher

yielding assets, supporting the rise in oil prices. The solid long-term fundamentals of the oil and gas industry also endeared themselves to investors.

Push for deeper waters.
Stepping into 2010, we see companies with expertise in deepwater production faring better than those limited to shallow waters. Keppel Corporation and SembCorp Marine are likely to see greater demand for

semi-submersibles and drillships from customers, though there will still be demand for jack-ups. The push for even more technical vessels is likely to continue, benefiting companies that do not scrimp on research

and development. Ezra Holdings is likely to remain a favourite with its growing subsea production segment, barring unforeseen circumstances.

Maintain OVERWEIGHT.
Ezra Holdings [BUY, FV: S$2.40], SembCorp Marine [BUY, FV: S$4.16] and Keppel Corporation [BUY, S$9.70].

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We are expecting growth of 3-5% for 2010

We continue to advocate a stock pick strategy. While the economic
outlook has improved, we believe this has been priced in. Market attention
is likely to focus on the pace and magnitude of the economic recovery in
the coming months as well as the exit stance of the key policy makers.

Several sectors are likely to continue to outperform in 2010 including
commodities, oil & gas and infrastructure.

However, as valuations are looking stretched, we believe that it is still best to stick to a stock pick
strategy.

Our top picks for 2010 are;
Ezra Holdings Fair Value: S$2.40,
Genting Fair Value: S$1.31,
Hyflux Fair Value: S$3.61,
Keppel Corp Fair Value: S$9.70,
Keppel Land Fair Value: S$3.61,
Midas Holdings Fair Value: S$1.05,
MobileOne Fair Value: S$2.12,
Noble Group Fair Value: S$3.73,
Olam International Fair Value: S$3.33,
Sembcorp Marine Fair Value: S$4.16,
Spore Telecoms Fair Value: S$3.51,
SMRT Corp Fair Value: S$2.05,
StarHub Fair Value: S$2.29,
UOL Group Fair Value: S$4.55,
Wilmar International Fair Value: S$8.23.

OCBC Dec'09

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Happy

Year 2010 !!! And have a good bull ride!!!

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Happy http://i14.tinypic.com/6ba6b79.jpg Year 2010 !!! And have a good bull ride!!!

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Weekly Index (http://www.globalcoal.com/default.cfm)
25-Dec-2009 NEWC Index 86.00 RB Index 77.56 DES ARA Index 81.29
18-Dec-2009 NEWC Index 81.06 RB Index 72.69 DES ARA Index 78.65

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+0.06 now. It may be breakout $2.30 level before 2010!

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Wow +0.050 +9.8% ! very high PE 29.5 now.

Annual Income Statement: 2008-12-31
Period Length: 12 Months

Revenue:   $28.8mil
Normalized Income After Taxes:   $3.8mil

Diluted Normalized EPS:   $0.019

PE:   29.5    ( curr.p $0.560/ EPS $0.019)

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UOB TP $22.80

Fee income, in common with other banks, showed positive inflexion, expanding 17% q-q, as drivers such as fund management and credit cards rebounded. On better-than-expected 3Q09 earnings and balance sheet indicators (in particular, guidance NPL pressure has peaked and hence little need to add to already ample GP), we raise our FY09F-11F earnings estimates by 0.4%-7% and Gordon Growth-based PT (13% sustainable ROE, 9% cost of capital and 5% long-term growth) to $22.80, based on 2.0x FY10F adjusted BV (1.8x stated book), or 15x FY10F earnings. MAINTAIN BUY.

Nomura Research 17.12.09

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Next resistance is at $3.72

Initial resistance at $3.48. On the upside, we peg the initial resistance at $3.48 (various peaks in Feb and Jun ‘08), breaking which, the next resistance is at $3.72 (major peaks in Oct ’07 and May ‘08).

OCBC 18.12.09

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Z-Obee Holdings: dual-listing application hit a snag

Shares of Z-Obee Holdings dived some 20 per cent yesterday after its dual-listing application hit a snag. Z-Obee, a China-based firm which makes mobile phone handsets, said on Tuesday that the final review of its dual primary listing application on the main board of the Stock Exchange of Hong Kong (SEHK) had been suspended.

The company said the SEHK had suspended dual- listing applications by way of introduction due to the 'recent price fluctuations' of the shares of companies listed through this form of dual listing.

24.12.09

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Tokyo, Dec 28 02:44

COMMODITY FUTURES
Oil VALUE 78.05 CHANGE % +1.38 CHANGE +1.80

Bloomberg.com

tradersgx ( Date: 28-Dec-2009 01:45) Posted:

Swiber receives contract extension from Brunei Shell Petroleum Company Sdn Bhd to
provide transportation and installation of offshore structures and pipelines (SGXNet)

The news:
Swiber Holdings Limited announced that its long running customer, Brunei Shell
Petroleum (BSP) Company Sdn Bhd, has extended its current contract to provide transportation
and installation of offshore structures and pipelines. The renewed contract will run until 2014.
BSP is one of the largest energy companies in Asia.

Our thoughts:
Fresh from announcing four deals worth up to US$240m in the last four weeks,
Swiber announces yet again another piece of favourable news, though this time it is a contract
extension with an existing client. We view this news positively as not only would it replenish
Swiber’s order book but it will also provide some form of earnings stability to Swiber given that
the contract runs till 2014. Reiterating NEUTRAL call on Swiber (TP S$1.09) and BUYs on Ezra
(TP S$2.39), ASL Marine (TP S$1.41), and Otto Marine (TP S$0.525).

24 December 2009 DMG Research

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Swiber receives contract extension from Brunei Shell Petroleum Company Sdn Bhd to
provide transportation and installation of offshore structures and pipelines (SGXNet)

The news:
Swiber Holdings Limited announced that its long running customer, Brunei Shell
Petroleum (BSP) Company Sdn Bhd, has extended its current contract to provide transportation
and installation of offshore structures and pipelines. The renewed contract will run until 2014.
BSP is one of the largest energy companies in Asia.

Our thoughts:
Fresh from announcing four deals worth up to US$240m in the last four weeks,
Swiber announces yet again another piece of favourable news, though this time it is a contract
extension with an existing client. We view this news positively as not only would it replenish
Swiber’s order book but it will also provide some form of earnings stability to Swiber given that
the contract runs till 2014. Reiterating NEUTRAL call on Swiber (TP S$1.09) and BUYs on Ezra
(TP S$2.39), ASL Marine (TP S$1.41), and Otto Marine (TP S$0.525).

24 December 2009 DMG Research