It stated: “We forecast the continuation of a worrying trend which is seeing a steady flow of public-to-private delisting deals on the Singapore Stock Exchange (SGX). This is bad news for both the IPO arena and local ECM more broadly,” the report said.
“Furthermore, we note that while Singapore could stand to prosper from the ongoing trade tensions between the world’s two largest economies which will catalyse an increasing flow of companies from the Chinese Mainland opting for a floatation deal outside of the US, we put the Hong Kong Stock Exchange (HKEX) in a prime position to benefit from the potential upside,” it added.