“On the other side of the equation, buyers who have the appetite and money to buy will find that they’re suddenly able to buy what they were previously unable to get their hands on at a price that’s more attractive,” he adds.
SINGAPORE (Apr 17): The Covid-19 pandemic has rattled global markets and investor sentiments worldwide in a manner similar to the Global Financial Crisis in 2008 and Dotcom bust in the 1990s. But for Chew Seng Kok, managing director of Kuala Lumpur-based but Singapore-listed Zico Holdings, the crisis presents a “tremendous opportunity” to tap on.
“Every time there’s a crisis, two things happen. Sellers who are desperate for cash will suddenly be prepared to sell what they were not prepared to sell,” Chew tells The Edge Singapore in an interview.
