News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 62 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 42%
  • Publisher: 72%

Hang Seng Index News

Straits Times Index,Sembcorp Industries Ltd,Keppel Corporation Ltd

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.

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.Analysts who spoke to CNBC say that possible solutions include engaging more with investors, and looking to "value up" programs such as those in Japan and South Korea.The STI has seen yearly gains every year since 2021, except in 2023 when the stock market fell 0.34%.

As of end September 2022, 50% of the stocks listed on Japan's Prime market traded below book value, a sign investors may think the company is not worth what it is on paper.In Singapore, Maybank Investment Banking Group estimates that 67% of SGX stocks were trading below book value, although CGS International pointed out stocks like real estate investment trusts are trading below book value due to the high interest rate environment.

Thilan Wickramasinghe, head of research for Singapore at Maybank Investment Banking Group highlighted that years of industry consolidation have resulted in massive under-investment in equity research. He said "increasing engagement with investors and providing better guidance to the Street are good things that can drive value."

 

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:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia 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 »