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01-08-2020, 08:28 PM
Temasek to decide by 31 Aug whether to proceed with partial takeover of Keppel. Need to see the results of SCI/SCM rights EGM??? No point increasing Keppel stake if SCI/SCM EGM fail to pass???
It is a pity that PAT is used as the 20% hurdle for earnings deviation as impairment will also be included. Surely that cannot be the Temasek's intention as there is separate 10% hurdle for NAV drop (which will include asset impairment).
Bad optics if Temasek walk away from Keppel partial takeover as both NAV hurdle was not breached and operating profit was higher than previous quarter.
It is a pity that PAT is used as the 20% hurdle for earnings deviation as impairment will also be included. Surely that cannot be the Temasek's intention as there is separate 10% hurdle for NAV drop (which will include asset impairment).
Bad optics if Temasek walk away from Keppel partial takeover as both NAV hurdle was not breached and operating profit was higher than previous quarter.