SINGAPORE (Nov 25): NRA Capital is maintaining its “overweight” on ISDN Holdings with 20 cents target price as it moves a step closer to its proposed dual listing on the Hong Kong Stock Exchange after getting clearance from the Singapore Exchange.
In a Thursday report, analyst Lin Jinshu notes that the listing of 40 million shares in Hong Kong is now pending approval from shareholders and HKSE, with the issue price serving as a catalyst for the Singapore share price.
“Barring unforeseen circumstance, we would expect the dual listing to take place within the next few months or so,” says Lin.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)