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Author: kimeng   |   Latest post: Thu, 18 Oct 2018, 01:15 PM

 

Keppel Corporation: M1 and Keppel T&T Shares Halted This Morning

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Keppel Corporation (KEP) announced this morning that together with Singapore Press Holdings, it is considering a transaction involving its indirect interest with M1 which may or may not lead to a transaction for the shares in M1. It is also concurrently considering a transaction involving its interest in Keppel T&T, which may or may not lead to a transaction.

Trading in both M1 and Keppel T&T shares have been halted this morning.

Recall that Keppel T&T has a 19.3% stake in M1, while KEP has a 79.2% stake in Keppel T&T. We have a BUY rating on KEP with a FV estimate of S$8.38.

Source: OCBC Research - 24 Sept 2018

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Labels: Keppel Corp

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Chart Stock Name Last Change Volume 
Keppel Corp 6.64 -0.12 (1.78%) 5,761,300 

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18-Oct-2018 Announcement General Announcement::Keppel to supply technology solutions for Australia's first waste-to-energy plant
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