by winston » Mon Jul 31, 2017 11:07 am
Property sector leads list of buyouts from Singapore Exchange
THE year 2017 is shaping to be the year of the property buyout.
As firms continue to plot their exits from the Singapore Exchange (SGX), analysts say this indicates that valuations are still low - though the situation is not as bad as a year ago.
They cite tech, property, industrials, consumer and oil and gas names as potential candidates for further mergers and acquisitions (M&A) activity.
Figures compiled by The Business Times with assistance from Thomson Reuters show that over US$20 billion worth of offers including net debt have been made year-to-date.
These values do not include the value of shares which offerors already own. Four giant deals - Global Logistic Properties (GLP), United Engineers, Croesus Retail Trust and CWT - account for 97.4 per cent of that value.
The remainder are a mix of healthcare, food, manufacturing, and other services firms.
Source: The Business Times
It's all about "how much you made when you were right" & "how little you lost when you were wrong"