The 10% drop in sterling against the Singapore dollar that followed Britain's vote to leave the European Union has also depressed the value of the Standard Chartered stake.

To continue reading,
Sign in to access this Premium article.
Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- Testing QA Temasek-linked stocks and their valuation
- Temasek-backed UST seeks to raise at least US$500 million in IPO
- Singtel denies report it is 'exploring options' over Australia unit