Significant opportunities are still expected in the IPO market next year despite the rising interest rates with the help of the ASEAN economy, Southeast Asia firms, and its key industries.
“We all know that there is a rising interest rate,” he explained, “On the flip side, we also see, including the ASEAN economy, and the strength of the Southeast Asia firms. And I think because of that, there will be significant opportunities where the IPO market will improve in 2024.” “I think we all know that companies like real estate are facing a lot of headwinds in 2023. We think that as we continue the easing of the interest rate, and hopefully stabilize the interest rate, we could see some of these real estate investment trusts, REITs, coming back into the market, and we hope that will be true,” he cited.
“I was traveling in Korea, we noticed that quite a lot of F&B outlets have been closed, and the reason is actually a result of the pandemic, people are working more at home,” he shared, “Obviously, if they're working from home, they wouldn't be going to the nearby food as well as baths to to have their after work, drinks and so on. And that that sector would be significantly affected because of the changing tendency, and also structures.