Hot stock: Sembmarine shares rise 2.8% as investors gain optimism on potential merger

📆 30/09/2020 19.35.00
📰 BusinessTimes

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

SEMBCORP Marine (SMM) shares rose 2.8 per cent on Wednesday following Keppel Corporation's Vision 2030 update on Tuesday which included the commencement of a strategic review of its offshore and marine (O&M) segment. Read more at The Business Times.

KGI Securities analyst Joel Ng told The Business Times that"more people have been showing interest in SMM following Keppel's update, as investors grew optimistic about a potential merger".

He said the brokerage's clients wanted to know if Keppel's plans for the O&M segment's review had involved Temasek, as well as the timeline of the strategic reviews. "While it is still too early to predict anything about SMM, the recent announcement is definitely a positive for Keppel's share price which should see a rerating if they decide to sell or divest their O&M segment."

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Weibo parent Sina to delist US stocks in US$2.6 billion dealChinese Internet giant Sina has announced plans to delist its US shares and go private, making it the latest to withdraw from the country's stock ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Wall Street opens higher led by banks, travel stocksU.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »