Tuesday 17 September 2013

Stock watch: Keppel Corp

Technically, long term Keppel Corp is still bearish as the 50MA is trending below 200MA. However, for mid term, looking at the weekly chart below, the downtrend has slowed down and there is a possibility that it might turn up if it is able to stay above $10.7. Daily chart for 5/10/20 MA have all trend up.









Given that US economy is recovering, KepCorp has been mentioned in many articles to be able to benefit from it. Fundamentally(simplistically), KepCorp is trading at around 11 PE, has quite high ROE of around 20 and it's dividend yields around over 4%. For more detail analysis, click here for a report by Seeking Alpha.


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