To The Moon

$Keppel Corp(BN4.SI)$ Keppel Corporation, to be shortened to just Keppel (BN4) shareholders have approved receivng one Keppel REIT unit for every five Kepoel shares in a distributiin-in-specie announced earlier.  As this is equivalent to 18 cents per Keppel share, Kepoel share price has been adjusted  to reflect the distribution and is now trading at 6.28, ex-entitlements(XE). So is Keppel still a buy?

I go with analysts and remain positive  on Keppel. They are recommending investors to continue to add or buy Keppel shares. They have price targets at wround $8. I love the company as it  continues to record strong earnings growth and this is underpinned by its robust integrated business. Keppel also has an attractive monetisation plan, having already monetised $865 million of its assets to date and will soon monetised its rigs due to the strong rig market. Keppel's land division is also seeing strong growth especially in China and Vietnam.

With the recent drop in Keppel shares and the adjustment down due to the distribution-in-specie, now is the time to pick up this blue chip at the low and ride on its way up. I have bought a chunk and will add more if prices take a dip . Do join me and hope to enjoy the returns in the not too distant future. Good luck, my fellow Tiger investors!