Previous close | 0.3600 |
Open | 0.3600 |
Bid | 0.3650 x 0 |
Ask | 0.3650 x 0 |
Day's range | 0.3600 - 0.3700 |
52-week range | 0.2250 - 0.4700 |
Volume | 1,300,700 |
Avg. volume | 1,606,563 |
Market cap | 389.64M |
Beta (5Y monthly) | 0.67 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.0280 |
Earnings date | 15 Jul 2020 |
Forward dividend & yield | 0.03 (7.33%) |
Ex-dividend date | 23 Jul 2020 |
1y target est | 0.84 |
A year-long spat between activist funds and a small real estate investment trust (REIT) over a merger is nearing a climax in Singapore, a battle that could embolden more investor dissent in a sleepy market dominated by retail shareholders. The activists say a proposed deal between Sabana REIT and ESR-REIT, whose managers are both owned by a unit of Asian logistics giant ESR Cayman Ltd, undervalues Sabana REIT and are confident of blocking it. Despite being a global financial centre, shareholder activism in Singapore is not common due to its conservative market and tightly controlled companies.
Singapore dollars) (Reporting by Aradhana Aravindan in Singapore; Editing by Stephen Coates)