|Bid||0.5100 x 0|
|Ask||0.5150 x 0|
|Day's range||0.5150 - 0.5200|
|52-week range||0.4350 - 0.7300|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||10.30|
|Forward dividend & yield||0.04 (7.69%)|
|Ex-dividend date||01 Jul 2020|
|1y target est||1.06|
SINGAPORE (Aug 23): Property developer Chip Eng Seng is proposing to undertake a renounceable underwritten rights issue to raise some $98.7 million for its expansion plans. The group plans to sell a total 156.5 million rights shares at an issue price of 63 cents each. The issue price for the rights shares is 7.35% lower than the closing price of 68 cents on Thursday and 5.97% lower than the theoretical ex-rights price of 67 cents, assuming the completion of the rights issue, calculated based on the Aug 22 closing price.
SINGAPORE (Aug 1): Property and education group Chip Eng Seng reported 2Q19 earnings ended June of $3.9 million, down 67.4% from $12.2 million in 2Q18 on lower sales and higher expenses.