“Market cap and trading liquidity are important considerations when sell-side analysts decide on their universe of coverage,” says UOB Kay Hian lead analyst Jonathan Koh in a Dec 4 report. “The prime motivation is to enlarge scale, increase free float and aim for index inclusion.”
SINGAPORE (Dec 9): On the back of a slew of mergers and acquisitions among Singapore’s real estate investment trusts (S-REITs), UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come.
