Singapore Stock Market News
OCBC Bank - Higher hurdle to cross
StockFanatic
Publish date: Thu, 10 Jul 2014, 11:35 AM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ With Elliott Capital Advisors in the picture, the privatisation bid for Wing Hang Bank looks challenging.
■ A higher offer price for WHB would be negative; we think OCBC is likely to keep its stake at 75% before embarking on its second privatisation bid for WHB a year from now.
■ Negative view reinforced; reiterate HOLD.
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