The government is predictably making moves to favour its divestment plans and in the bargain it helps short-term investors, while giving a damn for long-term stability.
So far, it's the retail investors who were selling heavily, but institutional equity investors in Asia are a lot more cautious and are not completely cutting down their positions.<br /><br /> <br /><br />
As cash flow dries up, private equity is the only option that is looking alluring. A couple of handsome deals could see some relief for the broking sector in terms of investment banking fees.<br /><br /> <br /><br />
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