Singapore Stock Market News

Keppel Land - Accept the offer

StockFanatic
Publish date: Mon, 26 Jan 2015, 08:50 AM
StockFanatic
0 10,452
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.
Keppel Corp's (KEP) offer price of S$4.38/4.60 for Keppel Land's (KPLD) remaining stake looks fair to us, as it equates to a 25.3%/21.3% discount to our RNAV estimate, lower than the historical mean of 26%. Further, given the residential headwinds, we think KPLD's RNAV discount is unlikely to narrow significantly in the near term in the absence of this transaction. We think the sector will re-rate in the near term, with investors scouting for prospective privatization candidates. Our top developer picks are GLP and CAPL.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment