M&A, yield play to drive Singapore equities market in 2020: Credit Suisse report
Singapore
MERGERS and acquisitions (M&A), and high dividend yield will drive Singapore's equities market in 2020 amid modest economic recovery, according to a Credit Suisse report.
Consequently, Credit Suisse is recommending a portfolio of restructuring and high yield opportunities in the market. This is in part due to the trailing dividend yield of 4.2 per cent, which is higher than its historical average and also ahead of other markets in the Asia-Pacific.
In the offshore and marine (O&M) sector, there has been a wave of consolidation and partnerships, for instance, McDermott's acquisition of CB&I and the subsequent partnership with Baker Hughes. This comes against the backdrop of moderate demand recovery …
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OKP unit gets S$92.9 million LTA contract
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hong Kong Stock Exchange bids farewell to first woman chair
Toymaker Hasbro posts quarterly profit beat, slower sales decline
CapitaLand India Trust Q1 net property income up 19%