THE CHARTIST: M&A TAR­GET­ING SIN­GA­PORE COM­PA­NIES PLUNGED TO 5-YEAR LOW

Singapore Business Review - - FIRST -

This chart from Thom­son Reuters shows that for­eign ac­qui­si­tions tar­get­ing Sin­ga­pore-based com­pa­nies plum­meted by 51.9% YOY to US$4.3B, mark­ing a four-year low since 2013 (US$1.7B).

Data showed that the re­tail sec­tor ac­counted for 46% of Sin­ga­pore’s in­bound M&A ac­tiv­ity and to­talled US$2B, up 99.5% from the first half of 2017. Alibaba Group Hold­ing Ltd of China planned to raise its in­ter­est in Lazada South East Asia Pte Ltd, a Sin­ga­pore-based on­line re­tailer, for a to­tal US$2B, in a pri­vately ne­go­ti­ated trans­ac­tion.

It was the op­po­site for the M&A ac­tiv­ity of Sin­ga­pore com­pa­nies tar­get­ing for­eign firms. It rose 24.5% to US$12.4B in deal value, but there was a 23.2% de­cline in the num­ber of an­nounced out­bound ac­qui­si­tions.

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