Mkt basically dominated by GLC's and financial institutions(and their related coys esp properties)-so its shallow and they pay miserly dividends (but high executive salaries).
Retail players getting a raw deal as seen from Clob/S chips disaster and more recently pacific Andes/china fishery.
Many of the new listing/including bonds are private placements only-so do they expect retail investors to buy at premium from secondary market?
Locals have no money left after paying the loans for their overpriced pigeonholes-so who is left?
Institutional investors who knows better (your Buffett/Icahn)are not taking the bite -can you have control/takeover CapitaLand/SIA/Singtel on the cheap?
Can a big investor take over an ailing SIA, sack all these highly paid govt appointees and turn it around?
The appointment of NOL "hero" Ng Yat Chung to a listed company like SPH says it all-will shareholders in other countries even allow it to happen? When international investors look at that appointment, what will be their impression be of the corporate sector here?
You want to invest in this type of market?
Excellent analysis. Thanks
SG market is in trouble because of pap's manipulation and control of the market.
A govt must not be in business and compete with private enterprise. PAP's model kills