Singapore wants to revive its stock market. Could major Asian markets have the answers?

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Could Singapore take lessons from Japan and South Korea’s value up programs to make its exchange more attractive? Analysts weigh in.

The city-state's economy may be larger than Hong Kong's, but the total value of listed companies on the Singapore Exchange is about 7 times smaller.

While South Korea has yet to report any results from those efforts, CGS International noted some promising results from Japan. The MAS told CNBC it"has received the proposals and is reviewing them," while the EDB declined comment. MTI has yet to respond to CNBC's request for comment.Analysts from Maybank and the CGS International also pointed out that Singapore companies need to boost investor engagement, which could revive interest in the market.

As such, more research has focused on large cap, liquid stocks at the expense of smaller stocks."Without small-midcap stocks gaining sufficient investor attention, they suffer from lower valuations and liquidity," Wickramasinghe said. On the part of the exchange, some possible measures include incentives, such as tax benefits and adjusted listing fees for companies that improve their valuation, CGS said.Still,"there is no single magic bullet solution," noted Wickramasinghe, who said the solutions for Japan and South Korea may not necessarily work for Singapore.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks: Japan rises after slightly better GDP, others hit by Fed fearsAsian stocks: Japan rises after slightly better GDP, others hit by Fed fears
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks mixed before more rate cues, Japan dips on strong wage dataAsian stocks mixed before more rate cues, Japan dips on strong wage data
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks up on CPI cheer; weak Japan GDP, China caution limit gainsAsian stocks up on CPI cheer; weak Japan GDP, China caution limit gains
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks up on CPI cheer; weak Japan GDP, China caution limt gainsAsian stocks up on CPI cheer; weak Japan GDP, China caution limt gains
Source: Investingcom - 🏆 450. / 53 Read more »

Man who targeted Asian business owners with robbery crew headed to prisonThe group robbed more than 50 Asian and Asian-American business owners, authorities said.
Source: njdotcom - 🏆 282. / 63 Read more »