SINGAPORE (Oct 19): UOB Kay Hian is maintaining “buy” on StarHub with a higher target price of $2.30 compared to $2.10 previously after factoring cost savings from the group’s new operational efficiency programme, which is expected to generate savings of $210 million over three years. The rese...

SINGAPORE (Oct 18): Keppel Corporation reported 3Q18 earnings ended Sept of $226 million, 15% lower than the $265 million for 3Q17. This brings 9M18 earnings to $809 million, 18% higher than the $688 million achieved a year ago. The weaker third quarter bottomline was mainly due to lower contributio...

SINGAPORE (Oct 17): Keppel Telecommunications & Transportation (Keppel T&T) announced that its 3Q18 earnings have dropped by 12.3% to $11.8 million, compared to $13.5 million in 3Q17. In 9M18, earnings saw a 32.4% increase to $47.2 million from $35.7 million in 9M17. Revenue for the quarter ...

SINGAPORE (Oct 17): Analysts across three brokerages – UOB Kay Hian, OCBC Investment Research, and CGS-CIMB Research – have “hold” recommendations on Singapore Press Holdings (SPH), as the group performed below expectations for FY18. SPH saw its full-year earnings fall 19.7% to $281.1 millio...

SINGAPORE (Oct 15): When I started investing in the 1990s, I quickly became intrigued by companies with assets that were overlooked by the market. In some cases, the asset in question was simply a pile of cash or liquid securities. Other times, it was a strategically located parcel of land that coul...

SINGAPORE (Oct 15): Singapore Press Holdings (SPH) has announced that its FY18 earnings have dropped by 19.7% to $281.1 million, from $350.1 million in FY17. Operating revenue for the financial year ended Aug 31 came in 4.8% lower at $982.6 million, compared to $1.03 billion in the same period last ...

SINGAPORE (Oct 12): The Dow Jones Industrial Average on Wednesday fell more than 800 points while the S&P 500 had its worst day since February as technology stocks were battered. Another reason for the meltdown was the spike in the US 10-year Treasury bond yield from 3.06% on Oct 2 to 3.18% on O...

STARHUB'S shock retrenchment of about 10 per cent of its workforce, hot on the heels of Keppel Corp's surprise plan to buy out the rest of M1 shares it does not own, has resurrected concerns over whether Singapore has room for a fourth mobile operator.

SINGAPORE (Oct 5): Institutional investors are buying shares of M1 at levels above the offer price from major owners Keppel Corp and Singapore Press Holdings, showing they are  betting on an increase in the bid. The Keppel-SPH offer is at $2.06, and M1 is currently at $2.10 as at 11.39am. After Thu...

BANGKOK (Oct 2): Singapore Telecommunications (Singtel) today launched its own mobile payment alliance, VIA, as it tries to grow its clout in the highly competitive e-payment industry. This comes amid growing competition in digital service offerings that have hurt telcos’ bottom-lines in recent ye...

SINGAPORE (Oct 1): Changes in dynamics between Singapore’s telco players could see StarHub or M1 turn acquirer during an industry consolidation in two to three years, says UOB KayHian. In a Monday report, UOB KayHian analyst Jonathan Koh says possible M&A scenarios include StarHub acquiring TP...

SINGAPORE (Oct 1): UOB Kay Hian is maintaining its “overweight” rating on the telecommunications sector in Singapore despite the launch of the new range of Apple iPhones – the XS, XS Max and XR. Telcos typically suffer from hefty handset subsidies following the launch of flagship mobile phones...

M1 flew up the actives list on Friday morning, in a punchy return to trading after a week-long break.

SINGAPORE (Sept 28): If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%, say analysts. Assuming Axiata, which has a 28% stake in M1, is the o...

SINGAPORE (Sept 28): RHB Research and CGS-CIMB Securities say Keppel Corp and M1's $2.06 per share valuation of M1 is fair. To be sure, M1’s share price has de-rated by a significant 30% on worries over escalating threats posed by new players in the market over the past 18 months. The offer price ...

BEING contrarian can be rather unnerving, but Keppel Corp's move to buy out M1 at the time when the telecom industry is reeling from fierce competition appears a happy resolution for all parties, including M1's other shareholders who may not have the stomach for roller-coaster ride...

SHARES of StarHub stirred to life on Thursday, boosted by news that Keppel Corp and Singapore Press Holdings are making a buyout offer for rival telco M1, in a deal which values the telco at over S$1.9 billion.

KEPPEL Corp (KepCorp) on Thursday said it will be making a pre-conditional voluntary general offer of S$2.06 cash a share for the M1 shares it does not own, and a separate offer to privatise subsidiary, Keppel Telecommunications and Transportation (Keppel T&T), at S$1.91 a share in cash....

Axiata is in talks to team up with PE firms and other companies as it considers options to launch its own offer for a bigger stake in M1. The post Axiata likely to reject Keppel-led offer for Singapore mobile firm M1 appeared first on DealStreetAsia.

SINGAPORE (Sept 27): StarHub shares have gained 17% over the past four weeks, from $1.62 to $1.90. Following morning’s announcement that Keppel and SPH have made a buyout offer for M1, StarHub shares are up 11 cents or 6.2% to close at $1.88. Since the start of the year, StarHub’s shares have de...

Submitted By:  Luz Wendy Noble Case Study:  No M1's biggest shareholder thinks that the offer which could hit about $930m is 'inadequate'. M1’s la...

Submitted By:  Luz Wendy Noble Case Study:  No Shareholders may opt for a clear cash exit if they worry about the M1 buyout offer. Keppel revealed its move to priva...

SINGAPORE (Sept 27): Keppel Corporation and Singapore Press Holdings, through a jointly held offeror Konnectivity, is making a pre-conditional voluntary general offer for M1. Keppel and SPH say the offer to gain majority control will “help drive business changes in M1 and enable M1 to compete more...

2 hours 35 min agoSINGAPORE — Singapore Press Holdings Ltd and Keppel Corp offered to buy shares they

SHARES in local telco StarHub surged by almost 7 per cent on Thursday to reach the highest it has been in 16 weeks. This came on the back of news that Keppel Corp and Singapore Press Holdings (SPH) are seeking a majority stake in rival telco M1, in a deal worth up to S$1.27 billion. 

Malaysia's Axiata is the largest shareholder in M1, Singapore's smallest operator, with a 28.3% stake. The post Keppel, SPH offer to buy remaining stake in M1 for up to $930m appeared first on DealStreetAsia.

KEPPEL Corp Ltd (KCL), together with Singapore Press Holdings (SPH), will be making a pre-conditional voluntary general offer of S$2.06 per share for the remaining M1 shares they don't own, valuing Singapore's third largest mobile operator around S$1.91 billion. 

Submitted By:  Luz Wendy Noble Case Study:  No They are willing to invest up to $51.3m to partially fund the offer. Singapore Press Holdings (SPH) will partner with...

The pair has approached M1’s biggest shareholder, Malaysian carrier Axiata Group Bhd., about the potential transaction The post Singapore: SPH, Keppel arm said to mull buyout of $1.1b carrier M1 appeared first on DealStreetAsia.

(Sept 26): Singapore Press Holdings (SPH) and an arm of Keppel Corp are considering making a buyout offer for M1, Singapore’s smallest wireless operator, people with knowledge of the matter said. See: Keppel T&T, SPH mulling potential transaction involving respective M1 stakes The companies ar...