Singapore stocks: Once bitten, twice shy

[weijian]

Wow~ SGX mainboard listing criteria will be relaxed (lower profit test threshold) and pre avenue companies that don't meet the listing criteria can "engage" SGX RegCo on "possible listing pathways". The financial watch list will also be removed.

And moving on, it is also proposed that SGX RegCo will be the "one stop station" for IPOs

SGX RegCo advances disclosure-based regime; proposes rule changes on MAS’ proposal to consolidate listing review functions under SGX RegCo

“We are progressing with our initiatives to strengthen Singapore’s position as a leading international capital markets hub. The Review Group’s measures are holistic. Enterprise efforts improve liquidity and valuations, while regulatory efforts enhance market efficiency and price discovery. This complementary approach drives market discipline and raises governance standards, ensuring that high regulatory standards are maintained,” said Mr Tan Boon Gin, CEO of SGX RegCo.

https://links.sgx.com/FileOpen/20251029_...eID=865231

[Wildreamz]

Wow~ SGX mainboard listing criteria will be relaxed (lower profit test threshold) and pre avenue companies that don't meet the listing criteria can "engage" SGX RegCo on "possible listing pathways". The financial watch list will also be removed.

And moving on, it is also proposed that SGX RegCo will be the "one stop station" for IPOs

SGX RegCo advances disclosure-based regime; proposes rule changes on MAS’ proposal to consolidate listing review functions under SGX RegCo

“We are progressing with our initiatives to strengthen Singapore’s position as a leading international capital markets hub. The Review Group’s measures are holistic. Enterprise efforts improve liquidity and valuations, while regulatory efforts enhance market efficiency and price discovery. This complementary approach drives market discipline and raises governance standards, ensuring that high regulatory standards are maintained,” said Mr Tan Boon Gin, CEO of SGX RegCo.

https://links.sgx.com/FileOpen/20251029_...eID=865231

Pre-revenue? That's only limited to highly speculative enterprise. (Space, biotech etc).

" In respect of the quantitative admission criteria, SGX RegCo will lower the profit test threshold for new listings from S$30 million to S$10 million, aligning with other major exchanges."

That basically cuts out most high-flying tech startups, that reinvests profits for growth. This could help some SMEs get listed but not going to attract more innovation-driven firms.

Would hope to see revenue and/or market-cap based tests (like HKEX and NASDAQ) instead of profit test. SGX already faces a disadvantage, due to lack of liquidity.

This is not going to move the needle.