Keppel Corp - Futures Implied Price and Passive Shareholder Action

This quality rig builder has pricing power, but low-cost competitors are gaining traction.

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

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Equity Bottom-Up

<p>We believe the current weakness in no-moat <a href="https://www.smartkarma.com/entities/12" target="_blank" data-smartkarma-citation="entities:12:1">Keppel Corp Ltd (KEP SP)</a>'s share price, due to the perception of negative impact from Singapore’s recently introduced property cooling measures, presents an opportunity for long-term investors to accumulate the stock. The company’s underlying fundamentals remain strong, as seen in Keppel’s first-half 2018 net profit of SGD 584 million, up 38% year over year, which is driven by strong property earnings and is line with our expectations. The firm has…</p>

We believe the current weakness in no-moat Keppel Corp Ltd (KEP SP)'s share price, due to the perception of negative impact from Singapore’s recently introduced property cooling measures, presents an opportunity for long-term investors to accumulate the stock. The company’s underlying fundamentals remain strong, as seen in Keppel’s first-half 2018 net profit of SGD 584 million, up 38% year over year, which is driven by strong property earnings and is line with our expectations. The firm has…

Property Division Remains the Jewel of Keppel Corp; Increasing FVE to SGD 8.50