Southeast Asia piquing investor interest to the East | 26 October 2012
Economies in Southeast Asia are attracting the eyes of global investors as economies there continue to grow.
That’s according to gmanetwork.com, which details how countries like Thailand, Indonesia, Malaysia and the Philippines are booming thanks to a healthy business market and high levels of consumer spending.
A recent Morgan Stanley report confirms this growth trend, predicting Southeast Asian companies will turn in a 16.2 per cent higher quarterly profit this year than in 2011.
“Economic growth in the region is expected to be underpinned by domestic consumption, induced by fiscal spending, private investments and an increase in wages. This trend is notable in Thailand, Indonesia, Malaysia and the Philippines,” said Ronald Chan, head of equities in Asia at Manulife Asset Management.
“The domestic demand story is structural in nature and has yet to run its course.”
Conversely the slowing of profits in China has negatively affected the economies of Asian-Pacific countries like Australia, which have heavily depended on the buying power of the Far East nation in recent years. The fates of South Korean and Taiwan are similarly muddled because of this, StarMine’s Analyst Revision Score recently suggested.
Because of the strength of the Southeast Asian economy, it comes as no surprise that there are many investors looking to the region – not just from those from a corporate standpoint, but property investors too.
Last week, Indonesia’s Riady family, whose Lippo Group has interests in real estate, publishing, shopping malls and banking, motioned that one of its corporate arms is interested in aquiring food, beverage, publishing and property conglomerate Fraser & Neave.
If the family’s Overseas Union Enterprise is to have a chance at taking over the Singapore-based Fraser & Neave, it would have to bid more than the $7.2 billion offered by Thai billionaire Charoen Sirivadhanabhakdi’s TCC Assets, says online.wsj.com.
Written by Chris Taylor on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016
Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.
We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.
We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.