|Bid||0.1610 x 0|
|Ask||0.1610 x 0|
|Day's range||0.1600 - 0.1650|
|52-week range||0.1130 - 1.2700|
|Beta (5Y monthly)||1.62|
|PE ratio (TTM)||N/A|
|Earnings date||15 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||25 Apr 2018|
|1y target est||2.00|
Temasek Holding's $3 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.
Singapore state investor Temasek Holdings said on Thursday it had delayed its annual report until September as the coronavirus pandemic had affected financial reporting for many of its portfolio companies. CEO Ho Ching announced the delay in a Facebook post, noting that Temasek's portfolio companies had businesses spread across many countries. Temasek was set to release its report this month.
Domestic consolidation will likely drive the recovery of dealmaking in the Asia-Pacific region, bankers said, after the novel coronavirus outbreak sent the value of mergers and acquisitions in the first half of 2020 to a seven-year low. China's Zhejiang Geely Holding Group Co Ltd - Daimler AG's largest stakeholder and owner of Volvo Cars - is set to take over automaker Chongqing Lifan Holdings Ltd, whose prolonged sales fall has been exacerbated by the impact of the virus, Reuters reported this month.