“We continue to believe that ARA’s possible relisting in 2021/2022 will be a key catalyst for STC,” DBS analysts Chung Wei Le and Derek Tan write in a note dated March 4.
The potential relisting of The Straits Trading Co’s (STC) ARA Asset Management in the near term is a “key” catalyst for the company, according to DBS Group Research.
The move, which the brokerage estimates could be worth up to $6.4 billion, could benefit STC “significantly”, it says.
