The Business Times, by Joan Ng
Investors are showing a preference for managers with a pan-Asia focus, as reported by Joan Ng of The Business Times.
Our Deputy CIO for Private Investments, Eddie Ong shared that success in Southeast Asia requires taking a strategic approach that is tailored to the unique opportunities of the region.
Given the region’s composition of “nuanced and fragmented” economies, managers need to work on building up smaller companies and developing M&A strategies that grow their size through horizontal and/or vertical integration.
SeaTown continues to have an optimistic outlook on the region and the opportunities it presents.
“With the valuation gap between developed markets and Southeast Asia continuing to widen, we think, at some point, we will see the financial performance of companies in the region drive valuations to play catch-up, and a further boost could also come as China recovers and investors get excited again.”, Eddie says.
Read more here > https://www.businesstimes.com.sg/international/asean/few-exits-limited-investor-appetite-test-south-east-asias-pe-managers
