Investors eye buyout premium in undervalued Singapore stocks
Wed, Feb 08, 2017 - 5:50 AM
Singapore's benchmark stock index is the second cheapest among major peers in Asia after South Korea, based on its price-to-book value of 1.2, after ending last year little changed and falling 14 per cent the year earlier.
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WITH more than half of Singapore equities trading below their net worth, some investors are chasing profits by buying shares in companies that may be bought out or delisted by controlling shareholders or take-over firms.