Keppel Limited

[Layman A]

Well said.

That's why although I know that Keppel is a blue chip stock with strong fundamantal, I still do not dare to dip my finger into it.
( Being burnt badly by other HIGH CAPEX stock before, once bitten twice shy. )

The cash flow is shockingly poor .....a red flag in my view

Keppel cash flow has been behaving this way all these years. They are able to generate tons of cash but in the end they still need to reinvest the cash back to future projects. As you can see from the stock and work in progress. Oil rig is a high capital expenditure business.

In fact when you see high stock and work in progress maybe it is a good sign that Keppel still able to grabbing up new contracts. You can't blame them on spending money to work on new contracts right.