Friday, September 23, 2011

Privatisation candidates

Privatisation candidates: DMG screens for buyout candidates:

1) Pac Pacific Hotels, 82%-owned by UOL and together with the 7% held by UOB AM, Co. is just a whisker away from the 90% shareholding level. Very high probability (90%) of the company being delisted, barring the timeline uncertainty,
2) Great Eastern Holdings, 87%-owned listed life assurance arm of OCBC, GE has grown in value and continues to be well-entrenched as the market leader in the life assurance space in Spore and Malaysia,
3) Lee Kim Tah, 82%-held by the founding Lee family with very little free float in the mkt. Stock has consistently seen insider purchases. Key assets include a 50% in Jurong Point shopping mall, the Marco Polo Hotel Xiamen as well as land in Chennai, India.
4) Other picks are Wheelock Properties (Singapore), GuocoLeisure and Singapore Land.

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