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SIA, SIAE, Singtel potential candidates for company restructuring: Maybank

Who will follow in SPH, Keppel and Sembcorp steps in corporate restructuring?

Drivers are in play for more corporate restructuring from Singapore firms following the major restructuring plans of Singapore Press Holdings (SPH) and a possible merger between Keppel Offshore & Marine and Sembcorp Marine Ltd, according to a report by Maybank Kim Eng.

According to the report, the drivers catalyzing these restructurings remain in play and are unlikely to retreat in the near-term. 

Some Singapore companies named by Maybank that are potential candidates for a corporate restructuring are Singtel, Singapore Airlines Group and the Singapore Institute of Aerospace Engineers.

Maybank said Singtel is currently exploring options to review its stakes in associates and infrastructure assets to unlock latent value.

Continued weakness and expected long lead time to recovery of international air travel may force certain rationalization for SIA and SIAE. Meanwhile, big developers like CityDev and UOL also have sizable development businesses similar to CAPL.
 

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