Nine firms included in SGX watch-list

AT one fell swoop, Singapore Exchange (SGX) has placed nine mainboard companies on its watch-list with effect from today.

This appears to be the largest number of new entrants to the list in recent times, and includes a company that posted negative sales in the latest fourth quarter.

Companies are put on the watch-list by the SGX if they post three straight years of pre-tax losses and have an average daily market capitalisation of less than $40 million over the last 120 days that the stock has been trading.