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The COVID-19 pandemic has undoubtedly negatively affected the real estate sector in Singapore. Singapore’s iEdge SG Real Estate Index has decreased by 12.8% over the last 12 months. This downwards trend was similarly observed for the MSCI International All country Asia ex Japan Real Estate Price Index and MSCI International World Real Estate Price Index which decreased by 11.9% and 13.8% respectively in the last 12 months.
Healthcare Sector Market Update in South East Asia (July 2020)
By: Adrian Cheow, Executive Director & Practice Leader, Deal Advisory, FCCA 
Angeline Chin, Senior Manager, Deal Advisory, CA Singapore
Daryl Wee, Consultant, Deal Advisory
It is not all doom and gloom for Asia based on the healthcare companies’ market performance amidst the global Covid-19 pandemic backdrop dominating headlines across the globe. The S&P Pan Asia ex-JANZ Health Care 50 Index increased by 33.6% over the last 3 months. The other 2 South East Asian (“SEA”) countries with healthcare market indices measuring the market performance of its listed healthcare companies are iEdge SG All Healthcare Index in Singapore and Bursa Malaysia Health Care Index in Malaysia.
The upwards trend observed for S&P Pan Asia ex-JANZ Health Care 50 Index was similarly observed for iEdge SG All Healthcare Index and Bursa Malaysia Health Care Index, but with a much higher percentage increase. In the last 3 months, the iEdge SG All Healthcare Index and Bursa Malaysia Health Care Index increased by 68.4% and 165.9% respectively.
In this article, we aim to set out:
- Healthcare sector market update in Singapore identifying the drivers behind the change in
market equity value for key healthcare companies and their key trading multiples; - Healthcare market indices trend in Asia for the last 3 years; and
- Healthcare M&A activities trend for the last 3 years and completed deals in South East Asia
in 2020.
Download Healthcare Sector Market Update in South East Asia (July 2020):
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