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Wednesday, May 9, 2018

[TRUMP PULLS OUT OF IRAN NUCLEAR AGREEMENT]STOCKS IN FOCUS: KEPPEL CORP, SEMBCORP MARINE, SEMBCORP INDUSTRIES


KEPPEL CORP STOCK, SEMBCORP MARINE STOCK, SEMBCORP INDUSTRIES STOCK
Dear readers, US President Donald Trump announced at 2pm 8 May 2018 (US time) while many of us were asleep that US would pull out of the Iran nuclear agreement and to impose “powerful” economic sanctions on Teheran. Oil prices did not rally after Trump’s announcement though there was some price volatility in oil prices before the announcement. Analysts thought that pretty much, the above move has already been earlier factored in the recent higher oil prices by traders and more importantly, Iranian oil production would unlikely be impacted by US pulling out of the agreement unless Donald Trump can convince other allies to reimpose sanctions.


However it would be interesting to note how some of the following largest market-cap oil-related Singapore stocks would perform for the trading day today:

1) Keppel Corp stock: was down by 1.23% at $8.03 has pulled back slightly from its high of $8.30 this year. The consensus target price for the stock on SGX website is $9.098 (over 10% upside in price). The stock is trading with 2.74% dividends yields.






2) Sembcorp Industries stock: currently trades at $3.06 has a consensus target price of $3.603 on SGX website which represents almost 18% potential upside. The stock price is currently near its 52-weeks low of $2.92 and dividends yields are at 1.63%.

3) Sembcorp Marine stock: currently trades at $2.09 with a consensus target price of $2.186 on SGX website. The stock has been much of a speculation of a M&A and privatization though now such news have been abated. Sembcorp Industries which is more diversified owns 61% of Sembcorp Marine. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


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