The STI fell 66 points or 2.6% to 2,466.62 in September; US tech sector volatility was a big factor; US-China tensions rose as US banned Tik Tok and WeChat from app stores; Absence of agreement on US stimulus package weighed on sentiment; US Federal Reserve announced its inflation target, promised to keep interest rates close to zero for next few years; SIA’s cost-cutting and fuel hedging were in focus; Wilmar’s China unit’s Shenzhen IPO captured market’s attention Entering a “consolidation phase’’ The Straits Times Index lost 66 points or 2.6% over the month of October to end at 2,466.62. A US tech stock selloff that led to the sector experiencing large volatility over the past four weeks, the state of the US economy ahead of next month’s presidential elections, increas

  Take note: this is an article written on the 30th of Jul.     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 lieu of cash. MAS highlighted that while the local banks’ capital positions are strong, the dividend restrictions are a preemptive measure to bolster their resilience and capacity to support lending to businesses and individuals through an uncertain period ahead for our economy. The news immediately took the wind out of our local banks, with their share prices falling between 3-3.8

Sign up & unlock articles! It could be the blockbuster IPO of the year. While Singtel is singing the blues with its India’s misadventure, Sembcorp Industries share price has been in golden form lately with its potential listing of its India asset – Sembcorp Energy India Ltd (SEIL). Every dog has its day and confidence means everything in the stock market. Currently, Sembcorp Industries share price appears to be enjoying a splendid run since the fateful demerger from Sembcorp Marine.  Can the leading energy and urban development group achieve a critical business turnaround? Sembcorp Industries to smash $3.00 with India IPO? Sembcorp Industries share price to hit $5.00 after demerger? Within the SGX Mainboard, business turnarounds are far and a few. One of the rare exceptional

Having a strong sponsor or major shareholder is crucial for stock investment, especially during period of uncertainty such as COVID-19 stock crisis.  In this article, Dr Tee will review these 7 Temasek stocks with 4 major corporate actions: 1) Keppel Corp (SGX: BN4) – Abandon of Partial Acquisition by Temasek 2) Sembcorp Industries (SGX: U96) & Sembcorp Marine (SGX: S51) – Successful Demerger under Temasek 3) Singapore Airlines, SIA (SGX: C6L) – Impact of Rights & Bonds Issues for Survival 4) CapitaLand Mall Trust (SGX: C38U) & CapitaLand Commercial Trust (SGX: C61U) – Merger of CapitaLand (SGX: C31) Giant REITs with coming change in 30 STI component stock with Keppel DC REIT (SGX: AJBU) Temasek helps to manage national wealth of Sin

Sign up & unlock articles! On 16 September 2020, I invested in Sembcorp Industries (SCI). My entry price for Sembcorp Industries share price was $1.35. The decision to enter this counter was after my research done for my previous article “Sembcorp Industries share price to hit $5 after demerger?” In my previous article, I shared that the catalyst for Sembcorp Industries share price is not the demerger of the loss-making Sembcorp Marine. To truly unlock the full value of Sembcorp Industries share price, the management must continue its effort in recycle capital through its energy and urban assets. And one of the major catalysts for Sembcorp Industries share price is the listing of the India business unit, Sembcorp Energy India Ltd (SEIL). According to a report written by Phill

Sembcorp Industries shareholders will be receiving their entitled SembMarine shares on 11 Sept (Fri). Here's what we'd do for both stocks. The post [Update] Sembcorp Industries shareholders are going to receive Sembcorp Marine shares – What to Expect + What to Do appeared first on The InvestQuest.

The Straits Times Index drifted to a 19-points or 0.76% loss at 2,490.09; US tech sector selloff weighed on sentiment; Also disappointing markets was US failure to agree on relief package; Singapore economists expect local economy to contract 6% this year; China’s exports rose for 3rd consecutive month in August; Worst could be over for earnings of listed companies but cap on bank dividends could extend into 2021: DBS; Sembcorp Marine’s rights issue was undersubscribed; Maybank Kim Eng raised its STI target to 2,995   A lacklustre week with US tech stocks at the forefront The Straits Times Index dropped 19 points or 0.76% to 2,490.09 over five relatively featureless trading sessions last week, with the main consideration being the fate of a US technology sector that has been un

 How much will SCI drop after XE?

The stock market has been prospering but not every industry is booming. Covid-19 has given ... Read more >> The post Alibaba to benefit from Ant IPO and potential trading opportunities in Sembcorp Ind & Sembcorp Marine first appeared on https://www.drwealth.com.

First published in Business Times on 24 August 2020 They have to consider 3 options: do nothing; sell their rights; or subscribe to the issue THE experience of the Securities and Investor’s Association (Singapore) – or Sias – is that when companies announce complex deals, many small shareholders are often in the dark as to what they have to do and the timeline they have to follow. This came to light recently during a capital raising exercise by Singapore Airlines (SIA) that involved an issue of new shares and mandatory convertible bonds. Some shareholders thought that their responsibility ended once they had voted at the extraordinary general meeting (EGM). They were mistaken – if there is a rights issue involved, and if it has been approved at EGMs, shareholders m

The Sembcorp Marine rights will be trading on SGX today (19 Aug 2020). There are ... Read more >> The post What You Must Do With Your Sembcorp Marine Rights first appeared on https://www.drwealth.com.

Sign up & unlock articles! For the longest time, I hold back writing about the impact of the demerger to Sembcorp Industries (SCI) share price because you never know if the shareholders would do a “Keppel”. Now that 99% of the shareholders had voted for the demerger, I think it is time opportune to pen down the potential long-term impacts on Sembcorp Industries share price. Hyflux to sink or swim with Sembcorp Industries? Sembcorp Industries Ltd When the $2.1 billion recapitalization of Sembcorp Marine was announced on 8 June 2020, I can imagine long-term investors of Sembcorp Industries being overwhelmed with emotions. I can certainly relate to their agony. Indeed, investing in this counter is no fun. Sembcorp Industries share price used to trade at $5.50 in 2014. Then the oi

The STI rose 16 points or 0.6% to 2,545.41; Main support came from firm Wall St, where hopes were high of a new stimulus package; Worries came from heightened US-China tensions; Local banks reported their earnings – down but not out; Sembcorp Marine reiterated its need to recapitalise; Wither Temasek’s Keppel offer?; SGX RegCo to get stronger disciplinary powers; Gold shoots past US$2,000 on safe haven buying. US COVID-19 stimulus – deal or no deal? It was another topsy-turvy week for the local stock market, as news surrounding the COVID-19 virus pandemic once again provided the main focus, just as has been the case for the past 5 months. The Straits Times Index last week rose 16 points or 0.6% to 2,545.41, supported mainly by a firm Wall Street, where stocks stayed firm because o

Temasek stocks of Sembcorp Industries SGX: U96, parent stock) and Sembcorp Marine (SGX: S51, subsidiary stock) just announce 2 bundled corporate actions of rights issue for Sembcorp Marine and then demerger from Sembcorp Industries. In this article, Dr Tee will compare both Sembcorp stocks and share the possible causes and effects of such actions with deeper analysis. Recently, Temasek stock of Singapore Airlines, SIA (SGX: C6L) just completed the rights and mandatory convertible bonds (MCB) issues to inject extra capital to save the company from Covid-19 crisis encountered in airlines sector with over 90% drop in number of flights. Temasek would become the sponsor to take up additional rights and bonds if not taken up by other shareholders. Temasek may have modified the “res

Attached please find the response from Sembcorp Industries (SCI) and Sembcorp Marine (SCM) to SIAS’ questions regarding the proposed renounceable underwritten SCM rights issue and proposed distribution in specie of shares of SCM. We also attach the questions raised by shareholders at the respective dialogue sessions on webinar. Virtual dialogue session with Sembcorp Marine was held on Tuesday, 28 July at 5.30pm. Virtual dialogue session with Sembcorp Industries was held on Wednesday, 29 July at 5.30pm Response from Sembcorp Industries (SCI): click here Response from Sembcorp Marine (SCM): click here Questions raised by shareholders at the respective dialogue sessions: click here   David Gerald Founder, President & CEO SIAS The post Press statement: Questions from SIAS and shareh

Read? Kep Corp : Bought @ $5.67 for Round 96SINGAPORE (REUTERS)- Temasek Holding's $4.1 billion bid to acquire a controlling stake in Keppel Corp will be under scrutiny on Thursday as a big quarterly profit drop at the conglomerate could raise the risk of the state investor dropping its proposal, analysts said.Keppel last week warned that material impairments relating to its offshore and marine segment (O&M) would hurt profits, which analysts say could breach so-called material adverse change (MAC) clauses of Temasek's offer.Analysts said the impairments would typically affect net asset value and net profit after tax, thresholds for which have been set as pre-conditions to an offer.MAC clauses can be invoked to end or renegotiate deals, particularly if events occur that are detrim

The post Sembcorp Marine Virtual Dialogue Session for Shareholders appeared first on Securities Investors Association (Singapore).

What Shareholders Need To Know About The Bailout of Sembcorp MarineAre you a Sembcorp Marine Shareholder?The post What Shareholders Need To Know About The Bailout of Sembcorp Marine appeared first on Value Invest Asia.

To: Sembcorp Industries Ltd Attn: Mr Wong Kim Yin, Group President & CEO Sembcorp Marine Ltd Attn: Mr Wong Weng Sun, President & CEO Questions to Sembcorp Industries and Sembcorp Marine on EGM for – Sembcorp Industries and Sembcorp Marine proposal for $2.1b recapitalisation of Sembcorp Marine and demerger to focus companies on their growth segments On 8th June Sembcorp Industries (SCI) and Sembcorp Marine (SCM) announced the $2.1b recapitalisation of SCM by way of a renounceable rights issue and the proposed demerger of SCM from SCI via a distribution in specie of Sembcorp Industries’ stake in the recapitalised SCM to SCI shareholders. SCI and SCM believe that the proposed rights issue and the proposed distribution will strengthen the two companies’ financial positions a

Under normal circumstances, Temasek would usually announce its annual results around this time every July. However, COVID-19 has led to severe disruptions to operations for every organisation this year. This has delayed organisations in getting their financial reports audited and released to shareholders and stakeholders. Nevertheless, the delay hasn’t stopped people from trying to speculate about Temasek’s performance this year. Ho Ching, Executive Director and CEO of Temasek, has gone on Facebook to respond to some of the speculation and give her take on Temasek’s role as a long-term investor and community leader. We combed through at least five of Ho Ching’s Facebook posts discussing Temasek that she put up in July. Here are 10 things we learned from it. #1 Every Year Since 2004