Dear readers, Keppel Stock What’s Next For Investors? Yes, today, the centre of the Singapore stocks market attention is on Keppel stock. Keppel corporation stock to be exact. Down by 11.11% to close the trading day at $4.80, slightly higher than the intra-day low of $4.71. At $4.80 a share, Keppel Corporation stock is now trading at the same price as it did back in Feb 2016.
So what has triggered the sell-off of Keppel stock today? Well, it is old news by now: Temasek has dropped a $4 billion bid for Keppel Corporation. Earlier on, Temasek has backed a $2.1 billion rights issue by SembMarine which will also see it “demerged” from parent Sembcorp Industries. Hence right now, what many has thought would be a likely anticipated merger between Keppel Offshore Marine and Sembcorp Marine may not happen that soon.
Several subsidiaries of Keppel Corporation also closed in the red today:
Keppel DC Reit: -3.29%
Keppel Reit: unchanged
Keppel Infrastructure Trust: unchanged
I don’t know about you but I have considered Keppel, Sembcorp, Singtel as one of those Singapore listed companies who have done well in the past due to industrialisation and development of Singapore but whose growth may not be that fantastic unless they grab a bite of the other international stock markets.
I always advise investors not to focus their big monies on one specific Singapore Straits Times Index stock since these times we are in now are different from the past and there is always the risk of losing one’s investment in a wrong stock pick. If investors want to grab a bite of action from the Singapore stocks markets, consider the Straits Times Index (STI) ES3.SI instead which tracks the Straits Times Index constituent stocks.