The Incredible Shrinking Singapore Stock Market

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#1
The Incredible Shrinking Singapore Stock Market
Bloomberg 12 February 2019
By Livia Yap and Tom Redmond
https://sg.finance.yahoo.com/news/incred...19506.html

Quote:The exchange’s fortunes have only gotten worse. For the last five years, delistings have outnumbered listings in the market, which had 741 companies at the end of December last year, down from a peak of 782 in 2010. In 2018 the money raised from the 15 SGX initial public offerings, excluding depositary receipts, fell to just S$710.6 million, while 19 companies departed—a net outflow of S$19.2 billion in market value.



I don't have a position in local bourse, but REITs and banks seem to be, still, the more attractive segments of the SG market, and will probably remain that way for the foreseeable future.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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#1
The Incredible Shrinking Singapore Stock Market
Bloomberg 12 February 2019
By Livia Yap and Tom Redmond
https://sg.finance.yahoo.com/news/incred...19506.html

Quote:The exchange’s fortunes have only gotten worse. For the last five years, delistings have outnumbered listings in the market, which had 741 companies at the end of December last year, down from a peak of 782 in 2010. In 2018 the money raised from the 15 SGX initial public offerings, excluding depositary receipts, fell to just S$710.6 million, while 19 companies departed—a net outflow of S$19.2 billion in market value.



I don't have a position in local bourse, but REITs and banks seem to be, still, the more attractive segments of the SG market, and will probably remain that way for the foreseeable future.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply


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