Singapore transport sector new listings on hold

Singapore transport companies are putting IPO plans on hold until the investor love-in with tech stocks dies down and old economy blue-chips are back in vogue.

The sharp falls in tech stocks of late may have shaken a few investors, but appetite for Singapore's old economy blue-chips remains weak. As such, it's unlikely the pipeline of planned offerings in the transport sector will start coming to market until the second half of this year.

The Singapore government had been expected to privatize both Port of Singapore Authority PSA and Singapore MRT SMRT in the first half of this year, while subsidiary Singapore Airlines SIA was aiming to obtain separate listings for its Singapore Airport Terminal Services SATS and the SIA Engineering Company SIAEC units no later than the beginning of the second quarter.

Market conditions have, however, not...

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