Is there a reason you are selling Keppel Corp. We did not research this stock thoroughly, just glance through some reuters ratios and attended their management investor briefing. ( we have not positions in it)
Could you let us know why its a mistake? Would like to hear your insights.
I simply havent had time to research it. Keppel is complex because: - it is a conglomerate, dealing in property development and engineering (I have to analyse two companies for the price of one), and - it has project based (lumpy) revenue - and is in cyclical industries.
I don't think theres any problems with the company, but the above means it is hard to calculate what price I would be comfortable to buy and hold. When I'm buying in this sort of market - catching falling knives - I really need to be sure that what I buy is worth more than I pay for it.
Long term, I think the main risk is oil prices staying below $50 ... this is anyone's guess...
Hi Black Cat,
ReplyDeleteIs there a reason you are selling Keppel Corp. We did not research this stock thoroughly, just glance through some reuters ratios and attended their management investor briefing. ( we have not positions in it)
Could you let us know why its a mistake? Would like to hear your insights.
Hi SGDividends,
ReplyDeleteI simply havent had time to research it. Keppel is complex because:
- it is a conglomerate, dealing in property development and engineering (I have to analyse two companies for the price of one), and
- it has project based (lumpy) revenue
- and is in cyclical industries.
I don't think theres any problems with the company, but the above means it is hard to calculate what price I would be comfortable to buy and hold. When I'm buying in this sort of market - catching falling knives - I really need to be sure that what I buy is worth more than I pay for it.
Long term, I think the main risk is oil prices staying below $50 ... this is anyone's guess...