Perhaps it was a sign of things since then, experiencing the slow and painful death on SGX over the last 3 years.
In many countries, the local stock exchanges are supported by government related entities or funds, well, not happening
here (see article).
Many have called for action to
jump start the stock market, including
one from SIAS. The newspapers have also tried to talk up some of the stocks in its commentary but any interest in the featured stocks had rather short-lived.
If I can summarise the state of our stock market - don't bother to list here if you are not a bank or REIT. Even REITs are now challenged.
So here I am, penning the obituary of my own blog with the article in the Straits Times acting as the final nail in the coffin. 🤕
I would really urge all the stakeholders to think about how to revive our dire market and time really to get the act together. Could we have done differently and take advantage of the geopolitical tensions to attract
Shein to list (or dual list) here instead of London.
We need some marquee listing to revive our markets and we need global fund managers to set up shops here instead of going to Dubai.
Time for MOF, MAS, IRAS, SGX, GIC, Temasek, Abrn, Blackrock to form a task force? Maybe they might send me an invite to chair the committee? 😅 SOS.... SOS.... SOS... time to Save Our SGX...
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