- The recommendations from the final report of the MAS Equity Market Review Group builds on the positive momentum created by earlier reforms. Collectively, these should support increased retail participation, higher institutional flows, broader sector offerings and higher valuations for Singapore public equities over the medium term.
- - Read this at SGinvestors.io -
SGX-NASDAQ link could bridge ‘New Economy’ gap
- Singapore Exchange (SGX) and NASDAQ is establishing a framework to enable companies to dual-list on both exchanges through a simplified process. We think this could help broaden sector offerings on SGX, especially Asian ‘New Economy’ stocks that would have otherwise leaked to the US.
- Low valuations (33x P/E NASDAQ vs 13.6x STI) and a heavier ‘Old World’ representation has been a key disadvantage for SGX in attracting new sector categories that are aligned to global investor flows. Now there is a value proposition combining NASDAQ’s valuations and SGX’s Asian liquidity, while also giving investors extended trading hours in Asian and US time zones.
- - Read this at SGinvestors.io -
‘Value Unlock’ positive, but can go a lot further
- Read more at SGinvestors.io.
