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Fresh GLC mergers 'likely to lift valuations'
Published Mon, Jul 27, 2015 · 09:50 PM
Singapore
A NEW wave of restructuring and internationalisation of government-linked companies (GLCs) in Singapore may lift market valuations ahead, as the country marks its golden jubilee in August, a Morgan Stanley report said.
This comes especially as a number of GLCs compete among themselves in the same sector, which could spark consolidation in time.
"We believe GLCs are likely …
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