I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Thursday 7 March 2013

Kep Corp: The quality yardstick

Keppel Corp could announce another S$1bn of jack-up orders from Mexico, according to Rigzone. This will bring 2013 new orders to S$1.8bn or 29% of our S$5.5bn target. We expect 26% profit growth for Keppel’s O&M business in FY13, thanks to the delivery of 21 jack-ups.   From our recent meetings with Keppel and some HK investors, we gleaned that the margins for the four jack-ups delivered YTD are “pretty good”. We think that O&M EBIT margin could reach 14.5% in FY13, trumping management’s 10-12% target due to backloaded profits from these deliveries. We retain our Outperform call and RNAV-based target price. Catalysts include margin surprises and stronger orders.


Read? CMIB on Keppel Corp

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