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Singapore REIT Price / NAV Range Chart April-2018

Original post from http://mystocksinvesting.com Singapore REIT Price / NAV Range Chart base on April 1, 2018 Singapore REITs Table.   See last Singapore REITs Price/NAV here to see the changes. Disclaimer: This chart is NOT a recommendation to buy or sell. Do NOT use it if you don’t understand how to interpret it.   Check below on other events: … Read moreSingapore REIT Price / NAV Range Chart April-2018

Is Fraser and Neave (F&N) a value trap?

And so the dust has finally settled for Singapore’s iconic Fraser and Neave (F&N). Following the explosive takeover saga in 2012, share price languished at $2.20 level since. In the aftermath of the corporate drama, is F&N currently a value trap?

For a 135 years old company, Fraser and Neave (F&N) limited should be a household name to many Singaporeans. But understanding this venerable SGX-listed company is not an easy feat as corporate events unfolded between 2008 and 2013 transformed its destiny forever.

The takeover saga

On looking back, the appointment of Lee Hsien Yang as Chairman in 2008 must have heralded great things for F&N. Lee Hsien Yang had at that point of time, left SingTel as CEO and joined F&N as Chairman, overseeing the divestment of the Asia Pacific Breweries (APB) and the takeover of F&N by Thailand tycoon, Charoen Sirivadhanabhakdi, founder of Thai Beverage (ThaiBev).

As Chairman of F&N, Lee Hsien Yang unlocked much value for F&N investors. After the takeover battle, there were two capital reduction exercises which saw shareholders receiving a total of $3.70 per share. Then the listing of Frasers Centrepoint (FCL) saw F&N distributing two FCL shares for one F&N share (without

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