The potential relisting of The Straits Trading Co’s (STC) ARA Asset Management in the near term is a “key” catalyst for the company, according to DBS Group Research.

The move, which the brokerage estimates could be worth up to $6.4 billion, could benefit STC “significantly”, it says.

“We continue to believe that ARA’s possible relisting in 2021/2022 will be a key catalyst for STC,” DBS analysts Chung Wei Le and Derek Tan write in a note dated March 4.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook