Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Keppel Corp.'s Frustrating Lack Of Progress

As Top Idea picks go, my bullish call on Keppel Corp. (OTCPK:KPELY) in September of 2013 has been lousy - the shares are down a little less than 1% since then (lagging the Straits Times Index by about 2%) and readers would have frankly been better off with a money market account. The good news, if you can call it that, is that nothing has fundamentally changed for the worse for Keppel and there are arguments to be made that the business is stronger today. The sentiment around marine builders isn't great right now given shaky dayrates and utilization, not to mention uncontracted rigs coming out of shipyards later this year, but I continue to believe that Keppel...

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