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Limited organic growth forcing conglomerates to diversify

Samantha Chiew
Samantha Chiew10/8/2018 11:40 AM GMT+08  • 3 min read
Limited organic growth forcing conglomerates to diversify
SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf.
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SINGAPORE (Oct 8): CGS-CIMB Securities continues to rate Singapore conglomerates as “overweight” as limited organic growth has forced them to go beyond their existing turf.

Notably, in the past six months, Sembcorp Industries acquired mini-power plants in the UK for about £286 million ($518.2 million) and ST Engineering acquired nacelle manufacturer MRA Systems at US$630 million ($870.5 million).

Meanwhile, Keppel Corporation proposed to gain control of M1, which could cost up to $1.28 billion, to transform the group into a hybrid cloud giant in the longer term.

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