Hot stocks: Keppel soars 16%, SembMarine up 2% on the back of Temasek bid

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

SHARES in Keppel Corp and Sembcorp Marine (SembMarine) rallied strongly on Tuesday morning, as investors digested news that Singapore's state-owned investment firm Temasek had made a surprise S$4 billion partial offer for Keppel - potentially raising its stake in the conglomerate to 51 per cent, and reigniting market speculation that there might soon be a consolidation in Singapore's offshore and marine (O&M) sector. Read more at The Business Times.

analysts by and large deemed Temasek's bid to gain control of Keppel through wholly-owned Kyanite Investment Holdings"reasonable"Adrian Loh of UOB Kay Hian said:"It appears to be fair, as it's about 3.5 per cent lower than our target price of S$7.61 for Keppel."

"Overall, we view this as a positive development as Temasek is taking a proactive approach in reviewing its portfolio and investments for the longer term. We maintain our fair value estimate of S$7.58 on the stock." A pivotal part of Monday's announcement is that, following the offer's successful close, Temasek said it will work with Keppel's board on a"comprehensive strategic review" to create sustainable shareholder value, BT reported.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 15. in EG

مصر أحدث الأخبار, مصر عناوين