The Business Times
business-time-50
HOCK LOCK SIEW

Investor interest in F&N, Frasers Property could be shaped by aftermath of OCBC’s offer for Great Eastern

Fraser and Neave, Frasers Property have seen the market value of their shares languish

google-preferred-sourceAdd BT as a preferred source
Ben Paul

Ben Paul

Published Thu, Jul 4, 2024 · 05:00 AM
    • The narrow free floats of FPL and F&N mean dissident minority shareholders with relatively small stakes could prevent them from delisting.
    • The narrow free floats of FPL and F&N mean dissident minority shareholders with relatively small stakes could prevent them from delisting. PHOTO: BT FILE

    THE manner in which the looming trading suspension of Great Eastern is resolved could shape the attitude of investors towards other tightly owned and deeply undervalued blue-chip companies.

    Among them are beverage maker Fraser and Neave (F&N) and its sister company Frasers Property (FPL).

    Thai billionaire Charoen Sirivadhanabhakdi owns about 87 per cent of both companies through various entities, including Thai Beverage. F&N and FPL’s most recent annual reports put their free floats at just 12 per cent and 11 per cent, respectively.

    Hock Lock SiewF&Nfrasers propertyPrivatisation

    TRENDING NOW

    When BT visited the Japan Home outlet at Eastpoint Mall in Simei on Tuesday, it was conducting stocktaking.

    Japan Home closing outlets; staff say Valu$ taking over operations

    Dennis Chua, founder and CEO of Timah Partners (centre), with members of his team (from left), Kelvin Ho, Serena Li, Yap Hsien Liang and Christopher Pang.

    Timah Partners lands S$60 million facility from lenders including UOB, RHB

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

    How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More