Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Thu, 21 Feb 2019, 11:04 AM

 

M1 Ltd: Stake Sale on the Cards?

Author:   |    Publish date:


M1 Ltd has announced a trading halt this morning. Keppel Corporation Limited (KEP) and Singapore Press Holdings Limited (SPH) are considering a transaction involving their indirect interests in M1 Limited which may or may not lead to a transaction for the shares in M1 Limited.

KEP and SPH have a 19.3% and 13.5% stake in M1, respectively.

This may revive memories of a strategic review conducted by Axiata Group Berhad, SPH and Keppel T&T back in early 2017, which was dropped subsequently. We currently have a HOLD rating on M1 with a fair value of S$1.65.

Source: OCBC Research - 24 Sept 2018

Share this
Labels: M1

Related Stocks

Chart Stock Name Last Change Volume 
M1 2.06 0.00 (0.00%) 626,300 

  Be the first to like this.
 


 

151  138  187  623 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI29000MBeCW.. 0.12+0.008 
 ABF SG BOND ETF 1.135+0.001 
 HSI27000MBePW.. 0.075-0.009 
 STI ETF 3.276-0.003 
 LION-PHILLIP .. 1.034-0.001 
 HSI26000MBePW.. 0.083-0.006 
 Genting Sing 1.11+0.01 
 Rex Intl 0.0890.00 
 Golden Agri-Res 0.27+0.01 
 Nikko AM STI ETF 3.36+0.01 
Partners & Brokers