Keppel    Last:8.6    -0.01

keppel Corp

dun worry, it will be the stock pick of the year:)

Calculation      ( Date: 28-Jan-2010 03:48) Posted: Great news - good dividend, free IPO shares and new job orders. Unfortunately, the announcement was made at the wrong time.

 

 

Wow! Power up +16cents!  ('o' )

 

 

High chance of crossing $8.5 by today.

Vest and good luck.

 

Op moving up +$0.12

Look like the secure contract had great impact on the price and profit.

The Great news - good dividend, free IPO shares and new job orders may cause it to move toward TP:$10.5 in month to come.

Willbuy some and keep la.

 

 

Kep corp ad increase more that 90 % since march 2009. It is almost time for correction.

Do trade with caution.

Good luck 

 

Great news - good dividend, free IPO shares and new job orders.

Unfortunately, the announcement was made at the wrong time.

 

this will be the catch for the year

tradersgx      ( Date: 27-Jan-2010 19:33) Posted: Wow ('o' ) ('o' ) ('o' ) New Contract from Aramco Overseas Company B.V maybe worth more than USD$215 million! I guess. In Mar'2008, a normal "KFELS B Class jackup rig" worth about USD$205 million (ref.A), Now is a "KFELS Super B Class jackup rig" ! I guess the new contract is more than USD$215 million !  (ref.A) http ://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_49CE9FD35E987EB64825740300331792/$file/KFels.announcement.5Mar08.pdf?openelement alexmay      ( Date: 27-Jan-2010 17:48) Posted: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D5776AF1329C0F1D482576B8003358C0/$file/PressRel_270110.pdf?openelement Press Release Keppel to build Saudi Aramco’s first purpose-built jackup Singapore, 27 January 2010 – Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, the world’s largest producer and exporter of crude oil and natural gas liquids, to build a customised KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010. Upon rig delivery, which is slated in the second half of 2012, the unit will be deployed by Saudi Aramco in the Middle East. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “We are pleased to usher in 2010 with a newbuild project for Saudi Aramco. This is an encouraging development, signalling that confidence is gradually returning to the industry. “In the current market, owners and operators are on the look-out for even more innovative and cost-effective solutions that can be delivered as promised. “With a record-setting number of 13 newly built rigs delivered in 2009, Keppel FELS has proved its ability to meet these requirements and more. Backed by strong in-house engineering expertise, these rigs were ready to start work as soon as they arrived on location. “The fact that Saudi Aramco has chosen Keppel to build their very first purpose- built, next-generation mobile offshore drilling rig based on our proprietary design strongly endorses our reputation for excellence.” To date, 31 KFELS B Class rigs have already been delivered with another two under construction. This contract is not expected to have any material impact on the net tangible assets or the earnings per share of Keppel Corporation Limited for the financial year ending December 2010.

 

Wow ('o' ) ('o' ) ('o' )

New Contract from Aramco Overseas Company B.V maybe worth more than USD$215 million! I guess.

In Mar'2008, a normal "KFELS B Class jackup rig" worth about USD$205 million (ref.A),
Now is a "KFELS Super B Class jackup rig" ! I guess the new contract is more than USD$215 million ! 

(ref.A) http ://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_49CE9FD35E987EB64825740300331792/$file/KFels.announcement.5Mar08.pdf?openelement

alexmay      ( Date: 27-Jan-2010 17:48) Posted: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D5776AF1329C0F1D482576B8003358C0/$file/PressRel_270110.pdf?openelement Press Release Keppel to build Saudi Aramco’s first purpose-built jackup Singapore, 27 January 2010 – Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, the world’s largest producer and exporter of crude oil and natural gas liquids, to build a customised KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010. Upon rig delivery, which is slated in the second half of 2012, the unit will be deployed by Saudi Aramco in the Middle East. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “We are pleased to usher in 2010 with a newbuild project for Saudi Aramco. This is an encouraging development, signalling that confidence is gradually returning to the industry. “In the current market, owners and operators are on the look-out for even more innovative and cost-effective solutions that can be delivered as promised. “With a record-setting number of 13 newly built rigs delivered in 2009, Keppel FELS has proved its ability to meet these requirements and more. Backed by strong in-house engineering expertise, these rigs were ready to start work as soon as they arrived on location. “The fact that Saudi Aramco has chosen Keppel to build their very first purpose- built, next-generation mobile offshore drilling rig based on our proprietary design strongly endorses our reputation for excellence.” To date, 31 KFELS B Class rigs have already been delivered with another two under construction. This contract is not expected to have any material impact on the net tangible assets or the earnings per share of Keppel Corporation Limited for the financial year ending December 2010.

 

tk...but i saw something "1 for 5" or something lidat ....how to be qualified for the "green trust" ?

Cross_Stitch      ( Date: 27-Jan-2010 18:40) Posted: YES! Still get dividend win_88      ( Date: 27-Jan-2010 18:37) Posted: hi....may i know if i hold only 1 lot...do i qualify for any dividend.....tk

 

YES! Still get dividend

win_88      ( Date: 27-Jan-2010 18:37) Posted: hi....may i know if i hold only 1 lot...do i qualify for any dividend.....tk

 

hi....may i know if i hold only 1 lot...do i qualify for any dividend.....tk

 

Guess how much this KFELS Super B Class jackup rig is worth?  $$$mlns?   ('o' ) ('o' ) ('o' )

Press Release

Keppel to build Saudi Aramco’s first purpose-built jackup

Singapore, 27 January 2010

Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V.,
a subsidiary of Saudi Aramco, the world’s largest producer and exporter of crude oil and natural gas liquids,
to build a customised KFELS Super B Class jackup rig.

http ://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D5776AF1329C0F1D482576B8003358C0/$file/PressRel_270110.pdf?openelement

alexmay      ( Date: 27-Jan-2010 17:48) Posted: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D5776AF1329C0F1D482576B8003358C0/$file/PressRel_270110.pdf?openelement Press Release Keppel to build Saudi Aramco’s first purpose-built jackup Singapore, 27 January 2010 – Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, the world’s largest producer and exporter of crude oil and natural gas liquids, to build a customised KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010. Upon rig delivery, which is slated in the second half of 2012, the unit will be deployed by Saudi Aramco in the Middle East. Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “We are pleased to usher in 2010 with a newbuild project for Saudi Aramco. This is an encouraging development, signalling that confidence is gradually returning to the industry. “In the current market, owners and operators are on the look-out for even more innovative and cost-effective solutions that can be delivered as promised. “With a record-setting number of 13 newly built rigs delivered in 2009, Keppel FELS has proved its ability to meet these requirements and more. Backed by strong in-house engineering expertise, these rigs were ready to start work as soon as they arrived on location. “The fact that Saudi Aramco has chosen Keppel to build their very first purpose- built, next-generation mobile offshore drilling rig based on our proprietary design strongly endorses our reputation for excellence.” To date, 31 KFELS B Class rigs have already been delivered with another two under construction. This contract is not expected to have any material impact on the net tangible assets or the earnings per share of Keppel Corporation Limited for the financial year ending December 2010.

 

solid!

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_D5776AF1329C0F1D482576B8003358C0/$file/PressRel_270110.pdf?openelement

Press Release
Keppel to build Saudi Aramco’s first purpose-built jackup
Singapore, 27 January 2010 – Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, the world’s largest producer and exporter of crude oil and natural gas liquids, to build a customised KFELS Super B Class jackup rig.
The contract is subject to a notice from the owner to proceed with construction by May 2010.
Upon rig delivery, which is slated in the second half of 2012, the unit will be deployed by Saudi Aramco in the Middle East.
Mr Wong Kok Seng, Executive Director of Keppel FELS, said, “We are pleased to usher in 2010 with a newbuild project for Saudi Aramco. This is an encouraging development, signalling that confidence is gradually returning to the industry.
“In the current market, owners and operators are on the look-out for even more innovative and cost-effective solutions that can be delivered as promised.
“With a record-setting number of 13 newly built rigs delivered in 2009, Keppel FELS has proved its ability to meet these requirements and more. Backed by strong in-house engineering expertise, these rigs were ready to start work as soon as they arrived on location.
“The fact that Saudi Aramco has chosen Keppel to build their very first purpose- built, next-generation mobile offshore drilling rig based on our proprietary design strongly endorses our reputation for excellence.”
To date, 31 KFELS B Class rigs have already been delivered with another two under construction.
This contract is not expected to have any material impact on the net tangible assets or the earnings per share of Keppel Corporation Limited for the financial year ending December 2010.

 

wow pple working there getting many many months bonus for work done last year! during recession year some more.. tsk tsk.. but good for them lah.. dun think their job is easy in the first place..

tradersgx      ( Date: 27-Jan-2010 15:25) Posted: Keppel Corporation rated "MAINTAIN BUY", Unchanged fair value of $10.65 per share  Keppel registered a mixed set of results for FY09 with core net profit of $1.3 billion coming in 8% above our forecast of $1.2 billion but 7% below street estimates of $1.4 billion. Keppel's results were stronger than our expectations mainly due to the 30% increase in 4QFY09 property EBIT in tandem with higher billings from projects in Singapore and China. Keppel declared a full year tax-exempt cash dividend of 38 cent plus dividend-in-specie of 23 cent. The cash dividend payout is only 37%, vis-a-vis our forecast of 50%. Hence, FY2009 dividend is 2 cent below our forecast. We maintain our expectations for an earnings contraction of 15% for FY2010F, mainly due to the sharp drop in new orders for the offshore and marine (O&M) segment last year. We introduce FY2012F estimate with a 12% earnings growth on expectations of a strong recovery in new O&M jobs. Unchanged fair value of $10.65 per share, based on a FY2010F PE target of 20x for its O&M division. Overall, this implies a FY2010F target PE of 15x for the group. MAINTAIN BUY.   AmResearch  27Jan10

 

Keppel Corporation rated "MAINTAIN BUY", Unchanged fair value of $10.65 per share 

Keppel registered a mixed set of results for FY09 with core net profit of $1.3 billion coming in 8% above
our forecast of $1.2 billion but 7% below street estimates of $1.4 billion.

Keppel's results were stronger than our expectations mainly due to the 30% increase in 4QFY09 property
EBIT in tandem with higher billings from projects in Singapore and China. Keppel declared a full year
tax-exempt cash dividend of 38 cent plus dividend-in-specie of 23 cent. The cash dividend payout is only 37%,
vis-a-vis our forecast of 50%. Hence, FY2009 dividend is 2 cent below our forecast.

We maintain our expectations for an earnings contraction of 15% for FY2010F, mainly due to the sharp drop
in new orders for the offshore and marine (O&M) segment last year. We introduce FY2012F estimate with a
12% earnings growth on expectations of a strong recovery in new O&M jobs.

Unchanged fair value of $10.65 per share, based on a FY2010F PE target of 20x for its O&M division. Overall,
this implies a FY2010F target PE of 15x for the group. MAINTAIN BUY.

 
AmResearch  27Jan10

 

I think you will get 200 KGT units on top of the dividend.

 

KEP LAND dividend 8 cents.

So KEP LAND will SOAR by 8 cents********

 

Question: I have only 1 lot of Kep Corp and the special in specie dividend is 1 for 5, so I just lose out since there will be no fractional lots of KGT given out or will I receive 23c cash?

 

Huat ah!  Huat huat Happy CNY!