|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||8.15 - 8.18|
|52-week range||5.83 - 9.22|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||30.50|
|Forward dividend & yield||0.28 (3.46%)|
|Ex-dividend date||09 Aug 2021|
|1y target est||9.11|
Singaporean conglomerate Keppel Corp said on Monday it would buy Singapore Press Holdings Ltd (SPH) for S$2.24 billion ($1.65 billion), excluding the newspaper publisher's media business. The deal will give Keppel access to SPH's real estate footprint, which includes malls, residential properties, a portfolio of properties for student accommodation as well as nursing homes. Keppel said it would offer a combination of cash and units in Keppel REIT to shareholders of the Singapore Straits Times publisher for a total implied value of S$2.099 per share, representing an 11.6% premium to the stock's last close on Friday.
Singapore LNG Corp, operator of the city-state's liquefied natural gas (LNG) terminal, is designing a new facility to extract chemicals from the super-chilled fuel, in a project that could help boost the island's energy security. The company said on Wednesday it is working with Keppel Infrastructure through its wholly owned subsidary Keppel Energy and another industry partner on front end engineering and design (FEED) for a natural gas liquids extraction facility at the terminal in Jurong Island, located in western Singapore. The facility will remove heavier hydrocarbons such as ethane or propane from LNG, liquefy them using cold energy from the LNG and deliver the chemicals to plants on Jurong Island as feedstock for petrochemical products, SLNG and Keppel Infrastructure said in the joint statement.
It might seem contradictory to invest in carbon-emitting polluters while pledging to be an eco-trailblazer, but that’s exactly what Singapore state investor Temasek Holdings is attempting to do.