Fri, Sep 20, 2019 – 12:57 PM
MERGER and acquisitions (M&A) involving Singapore soared 70.6 per cent year on year to US$88.3 billion in the year to date, making it the strongest first nine-month period on record, according to Refinitiv data.
For the period, M&A activity targeting Singapore stood at US$32.0 billion due to an 89.9 per cent increase in deal value from the comparable period last year.
A large slice of the deal-making pie involved Singapores real estate sector at 49.8 per cent and totalled US$44.0 billion. This is followed by financials with a 19.2 per cent market share and US$16.9 billion in deal value, and high technology at 6.5 per cent market share worth US$5.7 billion.
In the third quarter of the year, M&A activity totalled US$24.6 million, a decrease of 35.1 per cent from the second quarter.
The report added that Singapore is the "most targeted" nation in South-east Asia for M&A, taking up 50.2 per cent of all M&A activity in the region.
For the year to date, domestic M&A rose 112.5 per cent year on year to US$16.7 billion. Inbound M&A activity was up 70.2 per cent from a year ago to US$15.3 billion; while outbound activity rose 3.6 per cent with US$18.5 billion in deal value. Total cross-border deal activity amounted to US$33.9 billion, up 25.9 per cent compared with a year ago.
When it came to completed M&A, advisory fees were down 16.5 per cent to US$153.8 million, from a record high of US$184.2 million the year prior.
Overall, investment banking activities in Singapore generated US$577.8 million in fees for the first nine months of the year, down 2 per cent from a year ago.
Out of such activities, DBS Group Holdings earned US$72 million in investment banking fees in the same period, copping a 12.5 per cent share of the total fee pool and topping the fee league table.
In terms of equity-capital markets (ECM), Singapore equity and equity-linked proceeds totalled US$5.7 billion in the year so far, up 43.9 per cent from a yeaRead More – Source