Making the most of the falling pound

Cheaper pound: An employee holds British pound banknotes in a bank at the main train station in Munich. Before Britain’s referendum on Brexit, the pound was at 1.49 against the US dollar. Now, it is at 1.29, a drop of 13. – Reuters

A friend who is a property developer took advantage of the long Hari Raya holidays to visit London. His one-week holiday to the English shores, however, was not to look for opportunities in the property sector.

Instead, he is looking at snapping up distressed non-property assets. Topping his list are utilities, manufacturing companies and those providing services. His reasoning is simple and looks sound.