Dear readers, I read some interesting suggestions in the media this morning on reviving the Singapore stocks markets.
One of these interesting suggestions is to set up another stock exchange in Singapore, with a differentiated offering, example that of focusing on ASEAN.
Another is to make it mandatory for family offices here in Singapore to invest in the Singapore stock markets.
READ MORE >>> Ah Qing Traditional Lor Mee
Then there are the familiar calls for Singapore’s sovereign funds, GIC and Temasek to invest in the local stocks markets too and not forgetting another common suggestion to set up an ombudsman office.
I always believe that the Singapore Stocks Markets has a social mission to help retail investors accumulate wealth through investing by making the Singapore Stocks Markets the most optimal for investment success.
Notwithstanding investment carries uncertainties, I believe one way that the authorities can do is to stop unworthy companies from listed on our stock markets altogether.
How many investors have lost their monies investing in penny or small cap stocks to only find that they could not get back their investment capital after these companies become delisted or have share price reach the nadir because of unsustainable finance standing of these companies?
I really hope the authorities looking at revamping our local bourse start off with Building Trust among the investment community as the objective to work towards to.