I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Technical Analysis and Charting
Stock Tips

Saturday 20 July 2013

Kep Corp : What wrong with its revenue in FY 13?


Net Margin has stablised. Right???
 
How come analysts still chanting margin concerns?




















 
 
 
What wrong with its revenue in FY 13?
 
Looking backward and forecasting forward. What went wrong?
 
Higher net order book = higher revenue. Right?
 
Why not so in FY 13?
 
 
 
 
Then reading this:
 
DBS Vickers says management reassured investors that Keppel’s Petrobras related projects are on schedule and budget. There are also no labour shortages seen at their Brazil yards.

“We believe the price premium, escalation clauses on inflation and forex fluctuations, over 10 years of operating experience in Brazil and excellent risk management distinguishes Keppel from other players that have run into operational issues in Brazil. Earnings recognition for the second (out of six) semi-submersible and first (out of two) FPSO projects for Petrobras will kick in from 1Q14,” say the analysts.




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