Singapore Stock Market News
F & N - Awaiting valuation of MBL
StockFanatic
Publish date: Mon, 06 Apr 2015, 11:00 AM
StockFanatic
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■ MBL valuation a key focus; we estimate a conservative valuation of c.S$1.2bn for FNN's 55% stake, given the strong profit growth profile
■ No updates for the past five months since arbitration outcome; besides an outright sale, other remote possibilities may surprise, in our view
■ Key risk is lower-than-expected MBL valuation
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