Straits Times Index
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Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (M1GU.SI)
| Previous close | 0.3750 |
| Open | 0.3850 |
| Bid | 0.3900 x 0 |
| Ask | 0.3950 x 0 |
| Day's range | 0.3850 - 0.3950 |
| 52-week range | 0.2250 - 0.4700 |
| Volume | 3,084,700 |
| Avg. volume | 1,692,465 |
| Market cap | 410.701M |
| Beta (5Y monthly) | 0.67 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.0280 |
| Earnings date | 15 Jul 2020 |
| Forward dividend & yield | 0.03 (7.04%) |
| Ex-dividend date | 23 Jul 2020 |
| 1y target est | 0.84 |
- Reuters SG
Corporate Singapore faces crunch time in rare clash with activist funds
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.
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- Reuters SG
Warburg Pincus-backed Singapore REITs ESR and Sabana propose to merge
Singapore dollars) (Reporting by Aradhana Aravindan in Singapore; Editing by Stephen Coates)
