PETALING JAYA: Hwang-DBS Investment Bank, which has become the subject of a takeover bid, would fetch a higher book value than the average of about 1.31 times for past investment bank mergers and acquisitions, according to CIMB Research.
This is because of its size and strong exposure to retail broking.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!