Kepcorp
Dow Jones Newswires
January 24, 2013 04:20 ET (09:20 GMT)
SINGAPORE--Keppel Corp. (BN4.SG) said Thursday that its fourth-quarter net profit fell 22% from a year earlier mainly due to lower contribution from its offshore and marine division, where margins were squeezed by competition from South Korean and Chinese yards.
The conglomerate, 21% owned by Singapore state investment firm Temasek Holdings Pte. Ltd., posted a net profit of 305 million Singapore dollars (US$249 million), compared with S$389 million a year earlier.
Revenue rose 7% to S$3.0 billion from S$2.80 billion, the company said in a statement to the Singapore Exchange.
The offshore and marine unit contributed S$212 million in net profit in the fourth quarter, a fall of 15% from a year earlier, while the infrastructure division reported a net loss of S$72 million.
The world's biggest rig builder by volumes received S$10 billion worth of new orders in 2012. As of Dec. 31, Keppel had a net order book of S$12.8 billion that would keep its shipyards busy until 2019, according to the statement.
"Stable Brent crude prices of above US$100 a barrel continue to support industry capex for sizeable discoveries in Gulf of Mexico, the North Sea, Brazil and Africa. Scaling new frontiers requires highly advanced solutions; therefore, we expect global exploration and production spending to rise further," Chief Executive Choo Chiau Beng said in the statement.
However, "keen rivalry from Chinese and Korean yards have suppressed prices and squeezed margins on newbuilds," he added.
gdfgg
Ezion
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post mortem of last post " the prescient big short( click here) "
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those interested to find out more feel free to register( email to to bille33333@gmail.com subject title :" sgxswinger course preview dated 23 jan 2012 wed " , inside the email , pse provide "name" , "hp no." ,"email", "bringing friends along? y/n " , " no of years trading ", " instruments traded : stocks, indexes , futures, forex, options , wrts etc", " trading courses you've attended" ) to come for wed 23 Jan 2013 preview 1930 hrs at 70 Martaban road s328667 .. tec international college ,30 s walk from shaw balestier plaza,( click here for map ) lots of trading secrets to be shared , no obligations to sign up : next course slated for weekend on 26/27 Jan 1030hrs-1600 hrs... the course fee is $2388 . those who sign up early gets a big early bird discount.
Last few weeks , everyone was feeling like King Midas or a financial genius - many a penny that one touches with eyes closed turned into a almost immediate winner. and many educators were also seizing the opportunity to gloat or brag about their stock picking prowess or timing successes ..
People in our sgx swingers club were also making money head over heels just like the others ... though with much better guidance on target prices and timing..like swtiching from Wilmar at peak of 3.64 into sino Grandness just before it breaks out ( see below) :
Well , talking about timing ...
On last Thursday nite, ( 17 hours before the gov't announced the property curbs leading to today's property stock rout ) , Jack , an expert trader himself ( he made many good timely calls for the group ) and the moderator for our "SGX Swingers Club " watsapp group asked me directly on watsapp private channel for my opinion on Dukang given that many other pennies had run so well in recent weeks -
In no uncertain doublespeak terms so endemic among gurus & educators , I told him I was in dumping mood , looking to short on Friday than going long . ( see below bona fide watsapp message between him and me , telling him to inform the SGX swingers Club about my dumping / shorting mood on Thurs midnite )
Specifically I told him I am bearish on Dukang( fri open 36 ) , Ho Bee ( fri open 2.00 ) , SinoG( fri closed 75) , and NOL( fri open 1.345) .
Friday after market close, the Govt announces the drastic property curbs..
This Monday morning ," the trading day after" , the stocks were down 5-8% since friday open - Dukang ( Mon open 34.5) , Ho Bee( Mon open 1.845) , NOL ( Mon open 1.30 ) .
I guess it is in times like this that a newbie in trading needs some old horse to alert him that danger is immediately around the corner despite the Dow being up 80 pts and anything you touch in recent days turns into gold almost immediately lulling one into a deep sense of complacency
What did I see that the public could not see in the charts that led me to tell the SGX swingers Club to dump or short 17 hours before the friday's property curb announcement ? come to the preview on 22 Jan to find out.
Jack often comes to my preview to meet potential clients for his other biz.
At the coming previews, you can ask Jack for his iphone to verify the authenticity of my watsapp message on this.
You will also see from Jack 's iphone that I seldom give Jack on opinion on the market directly .. instead i usually chose the SGX swingers Club channel to communicate ..
but i will communicate directly more with Jack in future as he can then remind the club members more regularly than i could..and also show you the watsapp messages if he is around at previews.
those interested to find out more feel free to register( email to Vinay at vrai@tradersroundtable.com.sg cc to bille33333@gmail.com subject title :" sgxswinger course preview dated 22 jan 2012 tues " , inside the email , pse provide "name" , "hp no." ,"email", "bringing friends along? y/n " , " no of years trading ", " instruments traded : stocks, indexes , futures, forex, options , wrts etc", " trading courses you've attended" ) to come for ftues 22 Jan 2013 preview 1930 hrs at Traders Round Table( click here for directions ..) ..lots of trading secrets to be shared , no obligations to sign up : next course slated for weekend on 26/27 Jan 1030hrs-1600 hrs... the course fee is $2388 . those who sign up early gets a big early bird discount.
As readers who followed my blog may know , I was bullish on SinoGrandness when it was 55c , confident it will go to 72 pretty soon ( click here to see 30 dec post ) .. Well, one brave soul who only very recently signed up for Sgx swingers Club , by the pseudoname of Aro swinger , accessed our watsapp group discussions but not formerly attended the course proper yet scheduled for 26/27 jan decided to punt SinoG with the 72c bull target in mind , he entered at 66 after the expected reaction at 68 was completed and was dully rewarded within 3 days when it hit 74c last friday .. and made $1.12k or 12% return in 3 days - making back more than half of the course fee he paid well before his course even starts.
Ezion
those interested to find out more feel free to register( email to Vinay at vrai@tradersroundtable.com.sg cc to bille33333@gmail.com subject title :" sgxswinger course preview dated 22 jan 2012 friday " , inside the email , pse provide "name" , "hp no." ,"email", "bringing friends along? y/n " , " no of years trading ", " instruments traded : stocks, indexes , futures, forex, options , wrts etc", " trading courses you've attended" ) to come for friday 22 Jan 2013 preview 1930 hrs at Traders Round Table( click here for directions ..) ..lots of trading secrets to be shared , no obligations to sign up : next course slated for weekend on 26/27 Jan 1030hrs-1600 hrs... the course fee is $2388 . those who sign up early gets a big early bird discount.
In the recent bull run , swingers from our sgx swingers club were making money head over heels ( some making back more than 10 times their course fees ) with their prescient calls/set-ups made from the swing methods learnt and shared with everyone in the club on realtime watsapp & facebook group . .. these are those bullish times where I spent most of it watching my open positions and giving alerts, target prices, reaction levels to the swingers club , answering their realtime questions that I almost forgot about blogging altogether... my apologies..
Below are just some contra statement samples.. stay tuned ... as i slowly coax our publicity shy and unassuming swingers to share more of their contra statements.
those interested to find out more feel free to register( email to Vinay at vrai@tradersroundtable.com.sg cc to bille33333@gmail.com subject title :" sgxswinger course preview dated 22 jan 2012 friday " , inside the email , pse provide "name" , "hp no." ,"email", "bringing friends along? y/n " , " no of years trading ", " instruments traded : stocks, indexes , futures, forex, options , wrts etc", " trading courses you've attended" ) to come for friday 22 Jan 2013 preview 1930 hrs at Traders Round Table( click here for directions ..) ..lots of trading secrets to be shared , no obligations to sign up : next course slated for weekend on 26/27 Jan 1030hrs-1600 hrs... the course fee is $2388 . those who sign up early gets a big early bird discount.
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