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Emperador Inc. ( (SG:EMI) ) has shared an update.
Emperador Inc. has clarified that trades of its shares on the Singapore Exchange are subject to a 0.6% stock transaction tax (STT) on the gross selling price, which is a final tax payable by the seller and must be collected and remitted to the Philippine Bureau of Internal Revenue by the selling stockbroker. The company has appointed BDO Securities Corporation as its receiving and remitting agent for STT, and a broad group of major Singapore brokers have been onboarded to channel these payments via BDO, although brokers remain free to use other remittance avenues; Emperador also warns that if a broker’s arrangement with BDO ends and no alternative mechanism is in place, clients using that broker may temporarily be unable to trade Emperador shares on the SGX-ST, underscoring the operational importance of tax-compliance infrastructure for continued market access.
The most recent analyst rating on (SG:EMI) stock is a Sell with a S$0.23 price target. To see the full list of analyst forecasts on Emperador Inc. stock, see the SG:EMI Stock Forecast page.
More about Emperador Inc.
Emperador Inc. is a Philippine-based liquor company known for its brandy and whisky products, with shares listed and traded on the Singapore Exchange Securities Trading Limited (SGX-ST) in addition to its home market, giving international investors access to its equity.
Average Trading Volume: 4,560
Technical Sentiment Signal: Sell
Current Market Cap: S$5.36B
See more insights into EMI stock on TipRanks’ Stock Analysis page.