Media firms viable M&A, privatisation targets — AmInvestment
KUALA LUMPUR (Dec 31): AmInvestment Bank Bhd said today cheap valuations of media companies make them viable merger and acquisition (M&A) and privatisation targets, and that the research firm may upgrade the Malaysian media sector to "overweight" from "neutral" if privatisation and M&A opportunities arise as the industry contends with Covid-19 pandemic-driven challenges.
AmInvestment analysts wrote in a note today that the research house’s Malaysian media sector coverage comprises newspaper publishers Media Chinese International Ltd, Media Prima Bhd and Star Media Group Bhd.
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