M&A activity seen softening in near term

Deloitte Malaysia executive director Yap Kong Meng said although the deal-making market is starting to show some life after the movement control order (MCO), it is expected to remain soft as long as the country’s borders remain close.

PETALING JAYA: Merger and acquisition (M&A) activities are expected to soften in the near term as market uncertainty adds to a mismatch in valuations.

Deloitte Malaysia executive director Yap Kong Meng said although the deal-making market is starting to show some life after the movement control order (MCO), it is expected to remain soft as long as the country’s borders remain close.