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Singapore Economic News
21-04-2019, 12:33 PM.
Post: #231
RE: Singapore Economic News
Major shareholders who have controlling stakes don't mind share prices keep dropping. When prices fell low enough, they will do a rights issue to secure more shares cheaply, then after some time, make a lowball offer to "rescue" minority shareholders. The current law allows them to do so. This is not likely to change as long as the new law is not enacted to give more power to minority shareholders.

So who want to invest in small/mid caps?

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21-04-2019, 05:52 PM. (This post was last modified: 21-04-2019, 05:52 PM by karlmarx.)
Post: #232
RE: Singapore Economic News
Unit owners of Normanton Park and shareholders of CWT were some of the lucky individuals to benefit from Chinese largesse.

Why Hong Kong-linked Kingsford Development can’t sell flats on a US$600 million Singapore property

Kingsford Huray Development paid a hefty S$830 million (US$612 million) in 2017 to buy the ageing Normanton Park estate at well above the asking price in a collective sale, and that was before paying over S$500 million more in redevelopment fees and to top up its lease to 99 years.

But this year, authorities blocked it from selling the project’s nearly 1,900 new units until it proves they are in a fit state to be released.

https://www.scmp.com/week-asia/economics...sell-flats

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21-04-2019, 06:33 PM.
Post: #233
RE: Singapore Economic News
(21-04-2019, 12:33 PM)luckystar Wrote: Major shareholders who have controlling stakes don't mind share prices keep dropping. When prices fell low enough, they will do a rights issue to secure more shares cheaply, then after some time, make a lowball offer to "rescue" minority shareholders.

True if they no longer need the capital markets which is also a sign for mid sized companies that they cannot or not keen to grow the company anymore.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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21-04-2019, 07:22 PM.
Post: #234
RE: Singapore Economic News
What do you think is causing the lack of IPOs?

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Yesterday, 11:08 AM. (This post was last modified: Yesterday, 11:18 AM by specuvestor.)
Post: #235
RE: Singapore Economic News
In my opinion the issue is structural

1) We dont have a big domestic economy or sizable entrepeneurial businesses. Our MNC model since 1965 worked bit too well

2) We have a strict regulatory environment that dampens speculation and also animal spirit which are the liquidity providers. Same person will be pro former or latter depending which end of the stick he is staring at. Listing of SGX also set in motion a tilt to the latter and future "break down" just as MRT listing... it doesn't happen overnight. But we can already see or feel the impact of the recent set up of SGX Regco which will tilt back to the former. As usual I think it has to be a balance

3) Non internationalisation of SGD. We even need to spend money to create a yield curve cause government dont need to issue bonds.

On the contrary look at HKEX which has a large hinterland which is why they had been doing so well. But it is circumstantial as China wanted strong HK financial markets as a test bed for their capital markets reform. With gradual liberalisation of RMB and rise of Shanghai, the downside will be much further for them since they have climbed so high. 爬得越高,掉的越深。 Singapore listed Hutch Port is a good preamble of things to come but it will be a much longer slow motion train wreck next 28 years

So in general unless 1) our domestic economy grow larger (hint 7.9m population) 2) investors able to balance risk and return rather than just socialise loss and capitalise gains cause we still have the notion that govt should protect us when we fall but dont nag us when we run 3) introduce more volatility and risk to our little red dot within a much larger peninisular and archipelago; that probably strings together and summarises what I see the govt is trying to play around with its policies.

We shouldn't try to pit against the strength of our neighbours but the strength of our system, admin, process, language, tolerance etc. Which is why I think the drive to welcome S-chip was a mistake in the first place and the panic reaction to curb SESDAQ was ill conceived monkey see monkey do overreaction which killed the animal spirit, whatever was left.

Slow and steady upwards should be SGX goal because of our constraints, rather than "visions of grandeur" or participating in the next big thing

(21-04-2019, 07:22 PM)Roberto76 Wrote: What do you think is causing the lack of IPOs?
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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Yesterday, 12:46 PM.
Post: #236
RE: Singapore Economic News
1) singapore's gov vision is for sgx to be a cultured ground, where government sponsered/backed companies with long term interests are welcome to ipo/list in sg...
2) The S-chips sagas are really a lost in focus and mgmt's fortel, Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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