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Conditions ripe for wave of privatisations: OCBC

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Published Tue, Apr 12, 2016 · 09:50 PM

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Singapore

CONDITIONS are ripe for a wave of privatisations in Singapore, OCBC Investment Research said in a report this week, suggesting several oil-and-gas and property plays as candidates. This comes as some 200 listed firms are now roughly trading at below half their book value.

"Many cyclical businesses such as those in offshore and marine and commodities have seen their valuations plunge to multi-year lows, no thanks to overcapacity issues and weak global demand growth," the brokerage said in a report.

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