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OCBC suggests partial sale of KepLand shares as a hedge
Published Thu, Mar 5, 2015 · 09:50 PM
Singapore
WITH a week away from the offer deadline, OCBC Investment Research is recommending that Keppel Land (KepLand) shareholders divest part of their holdings in the market at the "somewhat rich" price of S$4.54 to S$4.55.
This is to "hedge out" the risk of the offer not reaching the 90 per cent acceptance level, thus relegating it to the lower offer price of S$4.38 (versus S$4.60).
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