It has been quite long
since that there is not much interest in transactions in stocks listed on
Singapore stock exchange SGX.
Why?
I suspect it may have
to do with poor corporate governance regulation and enforcement. It was like not too long ago that there are
strings of companies being reported to have committed accounting fraud,
financial scandals, cash purported to be deposited in the banks are actually
not there, receivables and inventory that don’t really exist etc! Despite of all that, the worst is that none
of those responsible has been brought to task and before the Court in
Singapore! So basically, these people
are getting away with committing all those frauds!
Furthermore, for those
stocks that have since been suspended since problems have been discovered, there
does not seem to be much effort shown by SGX to get these stocks removed from
suspension and being traded again.
All the above are
probably reasons why retail investors are now cool to stocks listed on
SGX! For me, for quite some time now, I
have invested in stocks listed in US, UK, Germany, HK etc but not in Singapore
as well. No serious investor will want
to buy/sell stocks listed on Exchanges where there are little transaction
volumes and where even the locals are not even interested to participate.......…
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