Home Capital Broker's Calls

Singapore’s equity market gets a boost, new economy small and mid-cap stocks to benefit: Maybank Kim Eng

Atiqah Mokhtar
Atiqah Mokhtar9/17/2021 4:59 PM GMT+08  • 2 min read
Singapore’s equity market gets a boost, new economy small and mid-cap stocks to benefit: Maybank Kim Eng
Maybank Kim Eng has maintained its STI target of 3,650.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Maybank Kim Eng analyst Thilan Wickramasinghe believes that new measures to support the domestic economy market could potentially catalyse a “longer-term reshaping” of the Singapore Exchange’s (SGX) listing mix.


See: Singapore unveils over $1 billion in new measures to boost equity financing for high-growth enterprises

In a Sept 16 research note, Wickramasinghe says the move could see a shift away from “old world” stocks such as financials, real estate and industrials which currently make up some 77% of the Straits Times Index market capitalisation. “This has resulted in a significant gap in relevance between SGX’s listed equity offerings and other major global financial centers where new economy counters are increasing,” he says.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.