divestment gain

Company in the news

ST Engineering gains $32.4 mil after post-closing adjustments from divestment of US marine business

The post-closing adjustments and gain on disposal will not have a material impact on ST Engineering’s earnings for FY2023.

Broker's Calls

Perennial's latest divestment could signal more to come, says DBS

SINGAPORE (April 24): DBS Vickers Securities is maintaining its “buy” rating on Perennial Real Estate Holdings (PREH) with an unchanged target price of 83 cents as it continues to expect near-term earnings to be driven by further divestment or fair va

Property

Keppel’s gain from sale of 112 Katong to be under 5%, says UOB

SINGAPORE (June 23): UOB Kay Hian is maintaining its “hold” rating on Keppel Corporation with a price target estimate of $6.55 following news of the conglomerate’s alleged sale of 112 Katong, which is presently 22.4%-owned by the group’s subsidiar
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