Wong: Technology and manufacturing sectors could see some pick-up in M&A activities.
PETALING JAYA: Valuations of companies and industry consolidation could be a key driver to mergers and acquisitions (M&As) in 2023.
Speaking with StarBiz, Ian Yoong Kah Yin, who is a high-net worth investor and former investment banker, said there are many small to mid capitalisation companies on the local exchange which are trading at handsome discounts to book value and low price to earnings ratio of around single digit or low teens value, making them attractive for acquisition or privatisation targets.
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