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I see it maybe a way Keppel want to diversify from rely heavily on oil and gas but i still don't like it.
Firstly property market in Asia maybe going in the way of downhill. Secondly people may invest Keppel for its oil and gas and not for its property. Just like some people buy F&N for its drinks not for its property. Thirdly it is a fair price but not a deep cut price.
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KepLand sells also cos its need a bailout from its stuck properties??
will Kepcorp call for rights issue??
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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(23-01-2015, 03:03 PM)kayhian Wrote: (23-01-2015, 02:14 PM)CCUV Wrote: it is a funny time to do a privatization especially kc operating weak cash flow and burning another 3b of cash especially when you have problem in the rig business is in my view puzzling......no idea better sit back and watch
they are following SCGlobal footsteps .... listed developer got painful restrictions.
KEP corp also need to pay QC even if KEP land privatised.
OUE and Wheelock also. All foreigners or non fully Singaporeans.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Kayhian,no change,even kepland as a wholly own subsi of KC. KC still need to pay QC penalty
Keppel Corp says receives requests to delay two projects
SINGAPORE - Singapore's Keppel Corporation Ltd, one of the world's largest offshore drilling rig builders, said on Friday it had received requests to delay the delivery of two offshore and marine projects.
Yew Yuen Chow, chief executive officer of Keppel Offshore & Marine, told an earnings briefing no agreement had been reached on the issue. He did not give any details on the clients requesting the delay.
Chow also said Keppel was currently not renegotiating payment terms with any clients. On Friday, Keppel reported a 2 per cent increase in 2014 net profit.
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looks like a consolidation of both Keppel co.s to tide through the tough times...
Hey! europe ECB just started QE E$60B till Late 2016, surely there are free e$ flooding good singapore companies soon!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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