|Bid||1.9900 x N/A|
|Ask||2.0000 x N/A|
|Day's range||1.9900 - 2.0200|
|52-week range||0.9900 - 2.0200|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||48.54|
|Earnings date||15 Oct 2021 - 16 Oct 2021|
|Forward dividend & yield||0.06 (3.02%)|
|Ex-dividend date||22 Nov 2021|
|1y target est||1.95|
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.
The rupiah hit a two-month high and was headed for its best week since early November as the country's quarterly economic output data on Wednesday hinted at mild recovery and as foreign investors returned to the country's high-yielding bonds. An exodus of outflows, dividend repatriation pressure and concerns about Bank Indonesia's autonomy had seen the rupiah slump this year, but it recently found favour among yield-seekers as the Federal Reserve asserted a dovish stance.
Singapore Press Holdings' shares plunged by the most in 23 years on Friday after the firm announced a plan to spin-off its media business.