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HOCK LOCK SIEW

Latest SGX 'hollowing out' is different - and troubling

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"A big problem the Singapore market faces is the hollowing-out effect created by the failure of the market to operate as an efficient pricing mechanism.

"A BIG problem the Singapore market faces is the hollowing-out effect created by the failure of the market to operate as an efficient pricing mechanism. Because stocks persistently trade at undervalued levels, there is an incentive for major shareholders or corporate predators to step in, pay