Dented valuations amid virus spread could offer Asia M&A buys
Market watchers say grim environment could provide openings for companies with dry powder and Reits on acquisition trail
Claudia Tan HS
Singapore
WHILE the grim market environment amid the Covid-19 outbreak has unnerved businesses, the economic downturn might be a good time for opportunistic buyers to come forward to pick up assets at a discount.
Market watchers The Business Times spoke to said that the long-drawn economic downturn could generate opportunities for companies to expand their businesses through strategic acquisitions.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
BlackRock said to be in exclusive due diligence for Capri by Fraser China Square
‘Very low chance’ that US-Iran deal reverts energy flows to South-east Asia through Hormuz: Bloomberg Economics
Tiger Beer lines up new products as Singapore operations’ role shifts from brewing to innovation