privatisation

Straits Trading stands tall with majority stake in ARA Asset Management
SINGAPORE (May 17): OCBC Investment Research is maintaining its “buy” call on Straits Trading Company with an unchanged fair value estimate of $2.73, after it posted 1Q results which the research house deems to mark a “firm start to the year” for the group. (See also: Straits Trading reports 2.7% decline in 1Q earnings to $21.9 mil on lower revenue) In a Wednesday report, lead ...
3 reasons to accumulate on UMS, where all systems go
SINGAPORE (May 17): DBS Vickers Securities is maintaining its “buy” call on precision engineering group UMS Holdings, raising its target price on the stock to $1.07 from 73 cents previously after the group recorded its highest quarterly earnings in over a decade. (See also: UMS 1Q earnings treble to $11.2 mil on doubling of sales) The research house has raised its FY17F/18F earnings ...
Will the Singapore stock market continue to shrink?
SINGAPORE (May 5): Large corporations, private-equity players and even controlling shareholders are snapping up locally-listed companies. Last year, the Singapore Exchange (SGX) saw 27 privatisations excluding that of REIT manager ARA Asset Management, as well as an offer from Dutch beverage giant Jacobs Douwe Egbert (JDE) for instant coffee producer Super Group.   (See also: ...
Growing digital trends will propel stocks in this sector further ahead
SINGAPORE (March 31): The semiconductor sector has returned 40.5% this year, based on the average performance of 12 stocks compiled by The Edge Singapore. All but two registered double-digit growth in market valuations: Manufacturing Integration Technology, which makes equipment used in the front- and back-end processes of integrated circuit assembly, saw its share price dip 7.5% this ...
How F&N’s earnings can find nourishment in Vinamilk
SINGAPORE (March 24): RHB Research is confident that Fraser & Neave’s (F&N’s) recent move to increase its stake in Vietnam Dairy Products, otherwise known as Vinamilk, is to power the group’s earnings growth ahead.  In an unrated report on Friday, analyst Goh Han Peng says that while the research house does not have a formal rating or target price for F&N, its ...
11 potential privatisation targets to go after: UOB
SINGAPORE (Mar 8): UOB Kay Hian has shortlisted a number of SGX-listed stocks as possible “go” plays for investors, with the potential to be privatised. In a presentation obtained by The Edge Markets, UOB explains that the stocks were selected based on four criteria, namely: large owner or substantial-shareholder stakes; stock price at steep discount to net asset value; clean books and ...
Property developer settles dispute with land authority, unlocking value on land
SINGAPORE (Aug 22): Luxury residential property developer Bukit Sembawang Estates is moving to unlock value for its shareholders by converting some agricultural land into residential properties. For investors with a longer time horizon, the stock may now be a bargain. In its annual report for FY2016 ended March, released on July 8, the company said that it is “unlocking the potential value ...
CapitaLand may be rising, but here’s why it is still not time to ‘buy’
SINGAPORE (March 1): RHB is remaining “neutral” on CapitaLand while raising its target price to $3.60 from $3.15 previously, as it expects limited upside on the stock following the run-up in its share price, which has increased by about 20% in the year-to-date. (See also: CapitaLand posts 74% rise in 4Q earnings to $430.5 mil on higher handover of China projects) In a Wednesday report, ...
A closer look at Spindex’s buyout battle
SINGAPORE (Feb 24): There has been a spate of buying at Spindex Industries by an individual who emerged as a substantial shareholder in the company, immediately after Spindex’s management announced its buyout plan. On Feb 9, the company’s chairman Tan Choo Pie @ Tan Chang Chai offered to privatise and delist Spindex via a scheme of arrangement. The offerer is Hong Wei Holdings, a special- ...
Chairman Koh Wee Meng of Global Premium Hotels to take company private; offers 36.5 cents for each share
SINGAPORE (Feb 24): Global Premium Hotels, one of Singapore's largest chain of economy-tier and mid-tier hotels, is to be taken private by its chairman Koh Wee Meng. In a filing on Thursday night, JK Global Capital, an investment company controlled by Koh, is offering 36.5 cents per share for the shares he does not own. The offer price is 14.1% higher than the closing price of 32 cents on ...