Impact on counters with links to Temasek Holdings after bid for Keppel Corporation

After the announcement of Temasek Holdings’ partial bid for Keppel Corporation shares on Monday 21 October, share prices of Temasek linked counters adjusted on Monday (21 October) and Tuesday (22 October).

The biggest winners were:

Keppel Corp +14.4%
Sembcorp Marine +12.5%
Sembcorp Industries +7.2%
Singtel + 3.5%
StarHub + 1.6%

Temasek Linked Counter Share Price $

18-Oct-19

Share Price $

22-Oct-19

Change (%)
KEPPEL CORP 5.84 6.68 14.4%
SEMBCORP MARINE 1.20 1.35 12.5%
SEMBCORP INDUSTRIES 2.08 2.23 7.2%
SINGTEL 3.15 3.26 3.5%
STARHUB LTD 1.29 1.31 1.6%
ASCOTT RESIDENCE TRUST 1.37 1.39 1.5%
ASCENDAS REIT 3.12 3.16 1.3%
SINGAPORE EXCHANGE 8.22 8.32 1.2%
SIA ENGINEERING 2.59 2.62 1.2%
CAPITALAND LTD 3.58 3.62 1.1%
SINGAPORE AIRLINES 9.04 9.11 0.8%
DBS GROUP HLDGS 24.78 24.91 0.5%
MAPLETREE COMMERCIAL TRUST 2.37 2.38 0.4%
SATS LTD 4.92 4.94 0.4%
SINGAPORE POST 0.94 0.94 0.0%
NETLINK NBN TRUST 0.91 0.91 0.0%
MAPLETREE NORTH ASIA COMMERCIAL TRUST 1.24 1.24 0.0%
KEPPEL REIT 1.24 1.24 0.0%
HUTCHISON PORT HOLDINGS TRUST 0.159 0.159 0.0%
ST ENGINEERING 3.92 3.91 -0.3%
OLAM INTL 1.83 1.82 -0.5%
MAPLETREE LOGISTICS TRUST 1.67 1.66 -0.6%
CAPITALAND MALL TRUST 2.64 2.62 -0.8%
CAPITALAND COMMERCIAL TRUST 2.07 2.05 -1.0%
MAPLETREE INDUSTRIAL TRUST 2.58 2.53 -1.9%

Source: SGX at 20 Sep 2019 (Note this is not an exhaustive tally of SGX-listed stocks within Temasek’s portfolio.)

Copyright © 2019, limkimtong for Living Investment

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