Temasek will NOT be proceeding with the partial offer for Keppel Corp shares. This results in a change to our investment thesis, as we no longer see a near-term bullish catalyst.
We think Temasek will likely revise the partial offer price downwards, as opposed to walking away from the deal. With a potential revised offer price of S$6.90, Keppel looks cheap to us!
Structured Notes are complex products for sophisticated investors. They are not without potential benefits, but it is crucial to take time to learn about them and the risks involved – before investing.
46% of S&P 500’s market cap will report 2Q results next week. Narrow market breadth and fairly expensive valuations imply that some profit-taking could be due, should management guidance proves underwhelming.
We compiled the withholding tax rates applied to foreign stock dividends, across several countries. We highlight instances where US-domiciled ETFs may actually still be relevant, despite a 30% or higher withholding tax rate.