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
    1.3588-0.0023-0.17%
    USDSGD=X
    1.4935-0.0028-0.19%
    EURSGD=X
    1.7809-0.0066-0.37%
    GBPSGD=X
    76.7870-0.90-1.16%
    SGDJPY=X
    5.7060+0.011+0.19%
    SGDHKD=X
    2.9948-0.0043-0.14%
    SGDMYR=X
    9,677.5713+27.9541+0.29%
    SGDIDR=X
    4.9157+0.0101+0.21%
    SGDCNY=X
    1.0223+0.0054+0.53%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,316.10-3.40-0.26%
    GCQ16.CMX
    19.650.00-0.01%
    SIU16.CMX
    99.89-3.85-3.71%
    ^XAU
    2.210.00-0.11%
    HGU16.CMX
    43.15+0.02+0.05%
    CLU16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14+0.02
    ^FVX
    1.570.00
    ^TNX
    2.290.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.475+0.035+7.95%
    5TP.SI
    0.1680.0000.00%
    N21.SI
    1.010.00+0.50%
    Y92.SI
    3.14-0.04-1.26%
    C31.SI
    0.785-0.015-1.87%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.38+0.05+15.15%
    BFU.SI
    0.29+0.03+13.73%
    S71.SI
    0.295+0.025+9.26%
    BQN.SI
    0.475+0.035+7.95%
    5TP.SI
    0.24+0.02+6.67%
    E28.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.03-13.64%
    BDN.SI
    0.50-0.05-9.09%
    AWZ.SI
    0.106-0.010-8.62%
    BEH.SI
    0.265-0.020-7.02%
    BTG.SI
    0.375-0.020-5.06%
    43A.SI