Keppel and Sembcorp Marine signed a definitive agreement for merger Keppel and Sembcorp Marine announced this morning that they have entered into a definitive agreement for the proposed combination of Keppel O&M and Sembcorp Marine to create a new entity that will be focused on offshore renewables, new energy and cleaner O&M solutions. This merger … Read more
In a rather stunning turn of events, Keppel announced on 10 August 2020 that it will not be proceeding with the partial offer for Keppel Corp. Temasek’s decision to walk away outright is likely a huge negative surprise to the market as most in the street still expect the offer to proceed, albeit at a … Read more
Two significant news hit the headlines today. SG Banks dividends cap One: The Monetary Authority of Singapore (MAS) has called on locally-incorporated banks to cap their total dividends per share (DPS) for FY2020 at 60% of FY2019’s DPS and offer shareholders the option of receiving the dividends to be paid for FY2020 in scrip in … Read more
This week saw an unprecedented drop in oil prices to a negative level, almost -$40/barrel to be exact. Such a phenomenon has not happened in the past and it was largely the result of paper traders and Oil ETFs dumping their expiring May contracts “by all means” as buyers disappear. Since then, WTI oil prices … Read more
Quick summary In a move that caught the market by surprise, Temasek announced that it will make a partial offer to acquire an additional 30.55% of Shares in Keppel. If successful, the partial offer will result in Temasek owning an aggregate 51% of Keppel. Given that the Offer Price of S$7.35 is a hefty 26% … Read more
Quick Summary Keppel Corporation (Keppel), one of the largest conglomerates in Singapore, is expected to release its 3Q19 results tomorrow on 17th October 2019. Shares of Keppel (currently a shade below S$6) is hovering near its 52-weeks low of S$5.67. Should investors be looking to take a dip? Compared to Sembcorp Marine, Keppel’s price performance … Read more
