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$Singtel (Z74.SG)$
Singapore Telecommunications (Singtel) has sold a 0.8% stake in Indian associate Bharti Airtel, amounting to 49 million shares, for 1,193.70 rupees ($16.35) per share to GQG Partners. The sale is estimated to result in gross proceeds of around SGD950m ($695m), with a net gain of SGD700m expected.
Following the completion of the sale, Singtel's effective stake in Airtel will decrease to 29% from 29.8%. Singtel, which has been invested in Airtel since 2000, intends to remain inv...
Singapore Telecommunications (Singtel) has sold a 0.8% stake in Indian associate Bharti Airtel, amounting to 49 million shares, for 1,193.70 rupees ($16.35) per share to GQG Partners. The sale is estimated to result in gross proceeds of around SGD950m ($695m), with a net gain of SGD700m expected.
Following the completion of the sale, Singtel's effective stake in Airtel will decrease to 29% from 29.8%. Singtel, which has been invested in Airtel since 2000, intends to remain inv...
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$Singtel (Z74.SG)$
Nice decision by Singtel
SINGTEL has sold 49 million of its shares in Bharti Airtel, amounting to a 0.8 % stake in its Indian associate, for 1,193.70 rupees per share to US-based investment firm GQG Partners.
The gross proceeds of about S$950 million.
It expects to net a gain of about S$700 million from the transaction.
Following completion of the sale, Singtel’s effective stake in Airtel will decrease to 29 % from 29.8%
Nice decision by Singtel
SINGTEL has sold 49 million of its shares in Bharti Airtel, amounting to a 0.8 % stake in its Indian associate, for 1,193.70 rupees per share to US-based investment firm GQG Partners.
The gross proceeds of about S$950 million.
It expects to net a gain of about S$700 million from the transaction.
Following completion of the sale, Singtel’s effective stake in Airtel will decrease to 29 % from 29.8%
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$ThaiBev (Y92.SG)$
China and Thailand will enter a "visa-free era" as the two sides have just signed an agreement on mutual visa exemption.. Might give some boost to TB
China and Thailand will enter a "visa-free era" as the two sides have just signed an agreement on mutual visa exemption.. Might give some boost to TB
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$ThaiBev (Y92.SG)$
The Edge Singapore | Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages
https://www.theedgesingapore.com/capital/brokers-calls/analysts-thaibevs-prospects-after-thai-government-approved-tax-cuts-alcoholic
The Edge Singapore | Analysts like ThaiBev’s prospects after Thai government approved tax cuts on alcoholic beverages
https://www.theedgesingapore.com/capital/brokers-calls/analysts-thaibevs-prospects-after-thai-government-approved-tax-cuts-alcoholic
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STI mover
$ThaiBev (Y92.SG)$ was the top gainer, rising 5.36 percent to close at S$0.590. The top loser was $Venture (V03.SG)$ , losing 1.30 percent to end at S$12.910. See below for more trending stocks:
REITs mover
$ManulifeReit USD (BTOU.SG)$ was the top gainer, rising 7.32 percent to close at S$0.044. The top loser was $BHG Retail Reit (BMGU.SG)$ , losing 4.26 percent to end at S$0.450. See below for more trending stocks:
Top-Traded SG Stocks...
$ThaiBev (Y92.SG)$ was the top gainer, rising 5.36 percent to close at S$0.590. The top loser was $Venture (V03.SG)$ , losing 1.30 percent to end at S$12.910. See below for more trending stocks:
REITs mover
$ManulifeReit USD (BTOU.SG)$ was the top gainer, rising 7.32 percent to close at S$0.044. The top loser was $BHG Retail Reit (BMGU.SG)$ , losing 4.26 percent to end at S$0.450. See below for more trending stocks:
Top-Traded SG Stocks...
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