SINGAPORE (Nov 5): CGS-CIMB Securities is downgrading M1 to “hold” with an unchanged target price of $2.06 on expectations the Voluntary General Offer (VGO) will go through and that Axiata is unlikely to make a counter-bid at a much higher price. As at 1.31pm, shares in M1 are trading 1 cent lo...

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 ...

SINGAPORE (Aug 29): Hatten Land on Tuesday announced that its 4Q18 earnings have dipped 95.7% to RM2.60 million ($0.86 million), compared to RM59.7 million in 4Q17. This brings FY18 earnings to RM3.18 million, 63.5% lower than RM8.72 million in FY17. Revenue for the quarter dropped 61.5% to RM50.1 m...

THE following companies saw new developments that may affect trading of their shares on Wednesday:

HATTEN Land posted a near 96 per cent drop in net profit to RM2.6 million (S$862,342) for the fourth quarter ended June 30, 2018 in line with lower revenue.