3 reasons why Keppel just can't be knocked off top spot

Aside from its whopping $14.7b order book.

According to CIMB, Keppel is still its preferred yard in Singapore.

Here are the reasons the firm cited:

1) Its better strategy in this rig cycle, taking on calculated risks in bidding aggressively for the jack-up rigs in 2010-11 and hence dominating about 45% of the market share;

2) Its scalable overseas yards, to benefit from any nationalist sentiment (local content) among oil companies; and

3) Lower execution slippage risk for Brazilian orders thanks to its 12 years of operations in the country, building familiar product-semi-subs.

We keep our order estimates for 2013 at S$5.5bn. Keppel Corp has secured about S$10.5bn of orders YTD (including S$6.4bn from Sete Brasil) with order book at about S$14.7bn.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3510-0.0008-0.06%
    USDSGD=X
    1.4902+0.006+0.41%
    EURSGD=X
    2.1011-0.0007-0.04%
    GBPSGD=X
    90.7772+0.5309+0.59%
    SGDJPY=X
    5.7392+0.0041+0.07%
    SGDHKD=X
    2.8244+0.0219+0.78%
    SGDMYR=X
    9,877.8701-11.1729-0.11%
    SGDIDR=X
    4.5970+0.0056+0.12%
    SGDCNY=X
    1.0144+0.0035+0.35%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,165.50+0.90+0.08%
    GCV15.CMX
    15.58-0.04-0.24%
    SIZ15.CMX
    62.43-0.22-0.34%
    ^XAU
    2.53-0.10-3.82%
    HGU15.CMX
    54.59-2.34-4.11%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.56-0.09
    ^FVX
    2.29-0.10
    ^TNX
    3.09-0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.168+0.012+7.69%
    5DN.SI
    0.295-0.005-1.67%
    5WA.SI
    0.172-0.020-10.42%
    5GB.SI
    0.715-0.035-4.67%
    N21.SI
    0.905-0.005-0.55%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.335+0.085+34.00%
    Y06.SI
    0.335+0.030+9.84%
    UQ4.SI
    0.245+0.020+8.89%
    H64.SI
    0.595+0.045+8.18%
    AWK.SI
    0.168+0.012+7.69%
    5DN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.192-0.048-20.00%
    MR8.SI
    0.091-0.018-16.51%
    5PO.SI
    0.151-0.019-11.18%
    K22.SI
    0.172-0.020-10.42%
    5GB.SI
    1.265-0.130-9.32%
    T14.SI