Qingmei Group Holdings

[d.o.g.]

What can SGX do to improve the S Chip situation? Almost a dozen of them suffer from ridiculous valuations, trading at steep discounts to cash/NAV. Can confidence ever be restored to this sector?

There is plenty that can be done e.g. forensic audits, private investigators etc but it would be tantamount to admitting that Hsieh Fu Hua (SGX) and Choo Chee Kong (Westcomb) screwed up in letting the S-chips in. Given their connections this is unlikely to happen.

Unless... there is a big mess somehow and someone needs to be blamed (see: SMRT/Saw Phaik Hwa). In that case, no quarter will be given.

Note on SMRT: This isn't to say that Saw is innocent, but one should wonder why she is under fire from all quarters whereas LTA doesn't seem to be drawing much media attention, despite the train system clearly being a joint responsibility.