11 potential privatisation targets to go after: UOB

SINGAPORE (Mar 8): UOB Kay Hian has shortlisted a number of SGX-listed stocks as possible “go” plays for investors, with the potential to be privatised.

In a presentation obtained by The Edge Markets, UOB explains that the stocks were selected based on four criteria, namely: large owner or substantial-shareholder stakes; stock price at steep discount to net asset value; clean books and possibly in net cash; and those already engaged in talks for stake sale.

Of the 11 stocks identified, property groups GuocoLand, KSH Holdings and Ho Bee Land have been rated “buy” at target prices of $2.55, 69 cents and $2.82 respectively.

---

Related Stories

• Can SGX afford to wait up to a year for reforms?
• GuocoLand-led JV puts in winning bid of $349.9 million for Faber Walk site
• RHB raises target price for SGX to $12.80 from $11.40, citing higher than expected trading volume

---