Placements Continue, SERT Buys Back Units
Institutions were net buyers of Singapore stocks with S$250 million inflow, led by DBS Group and Sembcorp Industries. Keppel REIT raised S$113...
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Penguin International (PBS SP): Dymon Asia’s Unconditional and Final Offer of S$0.83
Unlike the previous offer, the final offer will not be reduced for the FY22 dividend. The final offer price is attractive and represents a 10-year...
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Penguin International (PBS SP): Dymon Asia & Co Return with an S$0.82 Unconditional Offer
Hitting the 90% compulsory acquisition threshold implies a minority acceptance rate of around 44%, which is eminently achievable due to an...
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Neptune Orient Lines: Redemption Ahead of Iceberg
We initiate our coverage on Neptune Orient Lines (NOL SP) (NOL)’s SGD bonds with an OVERWEIGHT recommendation on NOLSP 4.65% 9/20s at 10.5% yield...
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SGX Stocks Set to Gain From China’s Belt & Road Initiative
First unveiled in 2013 by President Xi Jinping, China’s Belt and Road Initiative (BRI) is expected to bring many benefits to ASEAN as increased...
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