In today’s briefing:
- OUE Healthcare (OUEHC SP): S$0.05/Share Scheme Offer From Parent
- SINGAPORE AIRLINES (SIA): Bloody
OUE Healthcare (OUEHC SP): S$0.05/Share Scheme Offer From Parent
- Back on the 16th December 2025, OUE (OUE SP) acquired Itochu Corp (8001 JP)‘s 19.32% stake in OUE Healthcare (OUEHC SP), a healthcare/property play, lifting OUE’s holding to 89.68%.
- OUE paid S$0.024/share at the time. OUE has now announced an Offer, by way of a Scheme, for OUEHC at S$0.05/share, a 28.2% premium to undisturbed and a five-year high.
- Terms are not final (as far as I can see). Four to five months is a rough gauge to complete; although Avarga (AVARGA SP)‘s Scheme is taking significantly longer.
SINGAPORE AIRLINES (SIA): Bloody
- Singapore Airlines (SIA SP) share price performance for the last 5 years is quite strong, thanks to the COVID rebound.
- However, losses are still coming, notably from the continuing loss from Air India as well as the delayed fuel hedging loss as net fuel cost skyrocketed by 78% YoY.
- Air India losses come from a crowded market (with low-cost carriers) as well as integration issues. More capital calls are expected, which is a negative for Singapore Airlines.
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