$KEPPEL CORPORATION LIMITED(BN4.SI)$To take note that The market is a falling knife. It is hard to predict the bottom here. Any rally may be sold into and then it goes even lower.
Sentiment is bad and there is blood on the streets meaning many are suffering cause they borrowed to buy and margins are being called in
I think more margin selling will drag Keppel to at least $6.24 and worst case scenario $6
I am holding and an to double up lower - that is my choice - not a recommendation
Read below regarding the stability of Keppel as a company and an investment
Keppel in a nutshell
Keppel Corporation released a pleasing set of data for its recent fiscal 2022 first quarter (1Q2022) business update.
All segments except urban development reported higher year on year profits, and Keppel Corporation continues to pursue new growth areas under its Vision 2030 long-term plan.
Growth came from renewables, sustainable energy, urbanisation solutions, and data centres.
The group has also made progress on its asset monetisation goal, with more than S$3.2 billion announced since October 2020.
Keppel offshore and marine (O&M) division secured orders worth S$76 million in 1Q2022, ending the quarter with an order book of S$4.8 billion.
Investors also can look forward to the merger between Keppel O&M and Sembcorp Marine (SGX: S51) that was announced late last month.
As part of the merger, Keppel Corporation is set to realise a total value of S$9.4 billion.
I would HOLD and buy more lower around $6.24
I think Keppel Corp will not buy back much more of its own shares until the market goes sideways for a while on Low volume after the expected capitulation occurs for the entire market.
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