MANILA, Philippines – Southeast Asia’s sprawling conglomerates—long considered dominant corporate forces in the region—are facing a turning point as returns fall behind those of more focused companies, according to a research note by global consultancy Bain & Company. Bain said the study found that diversified business groups have delivered weaker total shareholder returns (TSR) than […]... Keep on reading: Pure-play firms now outperforming conglomerates–study