Asian firms more confident about making purchases
China leads hunt for acquisitions in the region and the West
[SINGAPORE] Asian companies are on the prowl for acquisitions in the region and the West, showing a conviction that had been missing earlier despite prime conditions to spur buying, said top executives at JP Morgan in an exclusive interview.
The huge liquidity in the market, the corporate cash hoard and overwhelming investor support for transactions have been in place for several quarters, said Hernan Cristerna, global head of M&A at the bank.
"Yet, what was missing was confidence," said Mr Cristerna, who was in town during the week of the Formula One race.
The buying window has also cranked wider, given fears now that the markets have shot ahead of fundamental activity.
"What we're seeing perversely is that equity capital markets are priced very aggressively," said Mr Cristerna. "Therefore, one way to bridge that potential gap is looking at M&A activity and transact…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Toymaker Hasbro posts quarterly profit beat, slower sales decline
CapitaLand India Trust Q1 net property income up 19%
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hilton lifts 2024 profit forecast on international travel demand
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%
Orsted says Taiwan wind project to power TSMC on track for 2025 finish