Skip to main content

Li Ka-shing's Hutchison Whampoa may list mega IPO in Singapore Exchange

Hong Kong billionaire tycoon Li Ka-shing's Hutchison Whampoa announced plans to spin off its Hong Kong and China port assets on Singapore Exchange. Should the IPO plan were to go through, it would be a massive US$6 billion ($7.7 billion), making it the biggest IPO in Singapore ever, eclipsing previous mega deals like SingTel, Global Logistics Properties and Mapletree Industrial Trust.

Hong Kong Exchange VS Singapore Exchange [via]
Hong Kong Exchanges & Clearing, the operator of Hong Kong’s bourse, has a market capitalization of US$25.6 billion and trades at 42.2 times profit, according to data compiled by Bloomberg. Singapore Exchange has a market value of $7.1 billion and a price-earnings ratio of at 29.9, the data show.

“If you list in Hong Kong then you will be competing for capital with China Merchants and Cosco Pacific,” said Johnson Leung, an analyst at Tufton Oceanic Far East in Hong Kong. “If you list in Singapore there are no comparables.”

Comments

Popular Posts

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

Google Suggestion "where is" - Najib, Rosmah - Malaysia GE17

The 14th Malaysian general election held on 9 May 2018 had concluded with the incumbent Barison Nasional (BN) voted out and Najib losing his Prime Minister position. Taking over the government is the opposition party with Dr Tun Mahathir Mohamad, a former Prime Minister of Malaysia, being sworn in as the 7th Prime Minister. Dr Mahathir is now 92 years old.

So where exactly is Najib and his wife Rosmah? Even Google is showing the below when I type "where is". I bet many people are now searching for this.