Keppel Limited

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So really, the order book... can postpone long long in bad times :-)
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A report by Maybank Kim Eng said that Transocean’s decision simply means that it does not need any new rigs until 2020, which implies that a meaningful near-term recovery is nowhere in sight for the shipbuilders. “Given that jackup rigs need two years to construct, this may imply that the rigbuilding industry may not see a meaningful recovery in rig orders until 2018. In a way, a deferment for an extended period is not much different from cancelling the contract and making a fresh order again much later,” Maybank Kim Eng said.

Transocean’s rig deferment spells deeper trouble for Singapore shipbuilders
http://sbr.com.sg/energy-offshore/news/t...ipbuilders
You can find more of my postings in http://investideas.net/forum/
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http://business.asiaone.com/news/axe-fal...xtor=CS1-2

Things are starting to heat up in the O&G due to retrenchments. Next up will be a local financial relapse which i expect banks and insurance companies doing cost cutting. Looking forward to the "prudent" Budget 2016 to see how things go.

Hopefully there is a cut in MINDEF expenditure (not tax hikes) to support funds to help enterprises.
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(12-03-2016, 06:05 PM)CY09 Wrote: http://business.asiaone.com/news/axe-fal...xtor=CS1-2

Things are starting to heat up in the O&G due to retrenchments. Next up will be a local financial relapse which i expect banks and insurance companies doing cost cutting. Looking forward to the "prudent" Budget 2016 to see how things go.

Hopefully there is a cut in MINDEF expenditure (not tax hikes) to support funds to help enterprises.

The value proposition of singapore is its strong institution stability supported by a large defense force. 
It is one of the key reason why capital is flowing into the country, despite our small economy and limited opportunities. 
The investors believe that Singapore is able to defend herself and her investors when the time comes.

Reducing budget that weakens our defence is a slow but sure way of killing the economy.
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The update on Petrobras, a key customer of the company in Brazil.

Petrobras posts record loss on oil price slump, writedowns

NEW YORK/RIO DE JANEIRO - Brazil's state-controlled oil company Petrobras posted its biggest-ever quarterly loss on Monday after booking a large writedown for oil fields and other assets as oil prices slumped and refinery projects faltered.

Petróleo Brasileiro SA , as the company at the epicenter of Brazil's massive corruption scandal is commonly known, had a consolidated net loss of 36.9 billion reais ($10.2 billion) in the fourth quarter, according to a securities filing.

The bigger-than-expected shortfall was 48 percent larger than the 26.6 billion-real loss a year earlier, the previous record.
...
http://www.todayonline.com/business/braz...terly-loss
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Keppel is shifting focus on its property segment, based on recent restructuring exercises. It might be a good move. The O&G might also not as bad as anticipated, by the recent delivery disclosures...

(not vested)

Keppel, the multi-business conglomerate
30 Mar 2016 09:00
By Jacqueline Woo

Keppel Corporation aims to make its property business the best performer in Asia, chief executive Loh Chin Hua said in the group's annual report released yesterday.

"To be a leader in the property industry does not mean that we have to be the biggest player," noted Mr Loh.

"We want instead to be a property developer with the highest return in Asia and that will be our focus for the property division, moving forward."

Keppel Land already ranks among the best-performing real estate developers in the region, with an average annual return on equity of 18.9 per cent since 2006.

The group aims to further develop Keppel Land into "a multifaceted property player, riding on urbanisation trends in Asia", added Mr Loh, pointing to its growing footprint in residential developments, trading and the commercial sector in this part of the world.

Keppel's property division last year accounted for the largest share of its overall profit, at 46 per cent, while contributions from its offshore and marine business came in at 32 per cent, amid the downturn in the oil and gas industry.

Another 14 per cent came from its infrastructure business.
...
Source: Straits Times
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Nuclear energy is key to our energy security. The government has completed its study and probably found that popular support is wanting and that there is a dearth of nuclear engineers less those who studied it out of interest on the Papa-Mama scholarships. It will take time for such engineers to be raised through the governmental research scholarship system. I see it ramping up.

I wonder if the X-to-Energy division of Keppel Infrastructure has begun planning for the scenario of nuclear energy in SG and the region.
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Unlike bigger countries, we have no where to go if there is nuclear mishap. Basically wiped off singapore from the map. Is worst than 10,000 times of 9/11 added together !

Just my Diary
corylogics.blogspot.com/


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singapore will never consider nuclear first, our neighbors are more likely to build them, and we still end up as victims to the leaks....
Tongue

The day a nuclear plant is built anywhere within XXX km of singapore, is the day i have to leave singapore...hard truths.. TongueTongueTongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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FPSO (floating production, storage and offloading) vessel, is getting popular, amid the storm?

(not vested)

Keppel O&M bags FPSO project
08 Apr 2016 09:00
By Tan Hwee Hwee

KEPPEL Offshore Marine's subsidiary Keppel FELS Brasil has won an FPSO project worth more than 500 million reais (S$190 million) from its repeat customer Modec Offshore Production Systems.
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Source: Business Times
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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