Keppel Land

"Keppel Land had hit a 52-week high on Tuesday, with analysts speculating on the possibility of a special dividend announced ahead of its earnings release on Wednesday, or a pick-up in the China market. Analysts had also commented on market rumours of a privatisation by citing a lack of business synergy between the two companies and the high costs of doing so."

http://businesstimes.com.sg/companies-ma...xtor=AL-18

Keppel Land and Keppel Corp postpone post-results analyst and media briefing
By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT
21 Jan 10:52 AM
KEPPEL Land and parent Keppel Corp have postponed their post-results analyst and media briefing, according to a media advisory email sent out on Wednesday morning. The email mentioned that more details will be provided shortly...

If it is not privatisation, then it should be the Keppel Harbour land. It is the only thing common between the 2 companies.

No special news yet, just announced full year result. 14cents dividend.

http://businesstimes.com.sg/companies-ma...xtor=AL-18

Keppel units keep market guessing
By Lee Meixian leemx@sph.com.sg @LeeMeixianBT
22 Jan 5:50 AM
Singapore

INTENSE speculation gripped the market on Wednesday, after Keppel Corp and its real estate subsidiary Keppel Land halted trading in their shares "pending release of announcement" and called off their scheduled results briefings for analysts and media.

The rumours circulating in the market centred on the potential privatisation of KepLand by KepCorp and corporate restructuring, although other theories also broke surface....

Adding one more speculation on the trading halt...

(not vested on both)

Keppel Corp may swap assets with Keppel Land, says CIMB

SINGAPORE (Jan 22): Keppel Corp ( Financial Dashboard) may swap its stakes in office buildings at HarbourFront and its Keppel Bay land plots for a 35% stake in the Sino-Singapore Tianjin Eco City owned by its property arm Keppel Land ( Financial Dashboard), according to CIMB ( Financial Dashboard).

Keppel Corp owns a 39% stake each in HarbourFront Towers 1 and 2 and has a 70% interest in Keppel Bay Tower.

It has controlling stakes in three plots of land at Keppel Bay, which CIMB estimates are worth about $712 million, assuming land costs of $1,000 psf.

Singapore's interest in the Tianjin Eco City, a joint venture between the Singapore and Chinese governments, is majority owned by Keppel Corp, with Keppel Land holding a 35% stake, which is estimated by CIMB to be worth $113 million.

"HarbourFront offices and Keppel Bay’s land plots are 'non-core' for Keppel Corp," CIMB analyst Lim Siew Khee said in a note.

"With the swap, Keppel Land could regain its exposure to the Singapore property scene."
...
http://www.theedgemarkets.com/sg/article...-says-cimb

I am wary of IPTs....especially by a parent company who privatised its subsidiary before the business boomed big time....

(22-01-2015, 09:32 AM)CityFarmer Wrote: Adding one more speculation on the trading halt...

(not vested on both)

Keppel Corp may swap assets with Keppel Land, says CIMB

SINGAPORE (Jan 22): Keppel Corp ( Financial Dashboard) may swap its stakes in office buildings at HarbourFront and its Keppel Bay land plots for a 35% stake in the Sino-Singapore Tianjin Eco City owned by its property arm Keppel Land ( Financial Dashboard), according to CIMB ( Financial Dashboard).

Keppel Corp owns a 39% stake each in HarbourFront Towers 1 and 2 and has a 70% interest in Keppel Bay Tower.

It has controlling stakes in three plots of land at Keppel Bay, which CIMB estimates are worth about $712 million, assuming land costs of $1,000 psf.

Singapore's interest in the Tianjin Eco City, a joint venture between the Singapore and Chinese governments, is majority owned by Keppel Corp, with Keppel Land holding a 35% stake, which is estimated by CIMB to be worth $113 million.

"HarbourFront offices and Keppel Bay’s land plots are 'non-core' for Keppel Corp," CIMB analyst Lim Siew Khee said in a note.

"With the swap, Keppel Land could regain its exposure to the Singapore property scene."
...
http://www.theedgemarkets.com/sg/article...-says-cimb

If this is true, the people who played Keppel Corp short, Keppel Land long will be in trouble.

I would imagine this will bring Keppel Land down by 10% or so, while Keppel Corp will go up by maybe 5%.

Briefings tomorrow! (Friday Jan 23) http://businesstimes.com.sg/companies-ma...xtor=AL-18

privatisation offer for kepland shareholders $4.38 to $4.60

http://infopub.sgx.com/FileOpen/1.%20Off...eID=332419

Congrats to all kepland holders. Last 2 months Kepland prices only avg $3.20.