Keppel Corporation Limited (SGX:BN4) HEFFX Highlights

Keppel Corporation Limited (SGX:BN4) HEFFX Highlights

Keppel Corporation Limited (SGX:BN4) HEFFX Highlights

  • Keppel AmFELS, which operates in the United States, has secured a contract worth over US$400 million (S$545 million) from Honolulu- based Pasha Hawaii for the construction of two container ships fuelled by liquefied natural gas (LNG).
  • These LNG vessels will be built to Keppel’s proprietary design, with delivery of the first vessel expected in the first quarter of 2020 and the second vessel in the third quarter of that year.
  • Keppel AmFELS is a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) which is part of Keppel Corp. The unit is located in Brownsville, Texas.

Keppel Corporation Limited is an investment holding and management company. The Company, through its subsidiaries, is engaged in offshore oil-rig construction, shipbuilding, and ship repair and conversion; environmental engineering, power generation, logistics and data centers; property development and investment, and property fund management, and investments. The Company operates in four segments: Offshore & Marine, Infrastructure, Property and Investments. Its Offshore & Marine segment provides offshore rig design, construction, repair and upgrading, ship conversions and repair, and specialized shipbuilding. The Infrastructure segment is engaged in environmental engineering, power generation, and logistics and data centers. The Property segment is engaged in property development and investment, and property fund management. The Investments segment consists of its investments in KrisEnergy Limited, M1 Limited, k1 Ventures Ltd, among others.

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 6.42.

The projected upper bound is: 6.48.

The projected lower bound is: 6.20.

The projected closing price is: 6.34.

KEPPEL CORP closed down -0.020 at 6.340. Volume was 48% below average (neutral) and Bollinger Bands were 29% narrower than normal.

Open       High      Low      Close       Volume
6.410      6.410      6.330       6.340       1,601,400

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period      50-period      200-period
Close:      6.34      6.38       6.36
Volatility:      14      14       24
Volume:      2,656,270      2,959,080      4,281,233

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

KEPPEL CORP is currently 0.2% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of KPLM.SI (mildly bearish). Our trend forecasting oscillators are currently bearish on KPLM.SI and have had this outlook for the last 9 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 57.8126. This is not an overbought or oversold reading. The last signal was a buy 3 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 45.41. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 43 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 3. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 18 period(s) ago.

The following two tabs change content below.

John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

Latest posts by John Heffernan (see all)

You must be logged in to post comments :  
CONNECT WITH