Its actually caused by euro instability. Corrections wont come so soon cos the indexes can't maintain their positions at all. Its more of speculations I hope..
research reports
DJ Sembawang Drops Bid for Macmahon's Construction Unit - 13/1/2013
DJ MARKET TALK: Deutsche Bank Tips Keppel Over SembMarine - 9/1/2013
0903 GMT [Dow Jones] STOCK CALL: While both Keppel (BN4.SG) and SembMarine (S51.SG) are well positioned to benefit from increased industry spending and replacement opportunities, Deutsche Bank prefers Keppel. "SembMarine is currently at a build-up stage for two large new yards, which we believe could involve more risks as operations begin." SembMarine's 2013-15 margins may be pressured as drillship contracts are executed in Brazil as it is new to drillship construction and the yard, currently under construction, may face potential cost overruns, skilled labor shortages, construction delays and other teething issues typical for new Brazilian facilities, it says. It expects SembMarine's new Singapore yard may face some labor issues as the government controls foreign labor, while the departure of the long-time senior marketing personnel and the recent jack-up-rig mishap are also areas to monitor. Keppel's strategy of being near markets and customers is paying off, with its Brazil yard one of the country's "most experienced" facilities, putting it in a good position to execute, it says. It sets Keppel's target at S$13.50 and Sembcorp's (U96.SG) at S$6.35, rating both Buy. It rates SembMarine at Hold with S$4.90 target. (leslie.shaffer@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires
January 09, 2013 04:03 ET (09:03 GMT)
Copyright (c) 2013 Dow Jones & Company, Inc.
Conglomerates (Keppel, Sembcorp Marine, Sembcorp Ind) - DB - 9/1/2013
DJ Sembawang Disappointed November Material Disclosure of Interest Rejected - 6/1/2013
DJ MARKET TALK: Sembcorp May Cut Its Gallant Stake -Credit Suisse - 7/12/2012
@milo ask you arh... you that time sold midas then now you bought back not like boh hua meh ?
I know your target is 0.60 but you sold awhile back to take profit and now buy higher because current price. Then now you top up abit more to buy at higher price so end up not earning ?
of coz I am still not factoring in if hit your target price 0.60 from your current price that you bought
@milo ask you arh... you that time sold midas then now you bought back not like boh hua meh ?
I know your target is 0.60 but you sold awhile back to take profit and now buy higher because current price. Then now you top up abit more to buy at higher price so end up not earning ?
of coz I am still not factoring in if hit your target price 0.60 from your current price that you bought
If you keep thinking like that, you may never need to buy back liao...
Example you buy keppel at $4 and sell at $5. Like that if don't drop below $5 you don't buy back?
Nah. Charoen got a pretty big property business too under TCC land I think. Privately owned by him. 99% certain he won't sell away F&N's property segment.
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