In a news story published by the Business Times on 8 January 2019 on this year’s IPOs possibly coming from deals carried over from 2018, with low valuations setting tone for M&As, Stefanie Yuen Thio agreed that IPO sentiment seems “relatively positive still” despite continued Sino-US trade tensions.
She said: “I believe Reits still have a lot of attraction for investors, but with the real estate portfolios increasingly based offshore. It will also be interesting to see if the collaboration between the SGX and the Tel Aviv Stock Exchange will yield immediate results. Their focus on technology and healthcare is much in line with investor interest in Singapore.”
On the privatisation front, she believed that merger and acquisition activity will ramp up as company valuations become more attractive. In addition, consolidation in the industrial real estate sector will continue as JTC’s measures to increase supply to lower land prices continue to bite.
The story may be found here (BT Paywall).