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A descent into the SGX abyss

Using a lightstick to explore the exchange's dark underbelly was never a good idea

YOU have wandered far from the gleaming towers of Singtel and DBS and the verdant hills of Bukit Sembawang. Nay, these places are not for your kind. The minimum lot size is too big and the share price is too high.

Staring glumly at a NetLink Trust manhole, studiously ignoring the Rowsley touts, you wonder: Is there anything more edgy?

And that's how you found yourself deep down by the dark waters of the Singapore Exchange (SGX) sewers.

The S-chip stench is the first smell that hits you, as you grope your way through a dim cavern oozing with corporate effluence. You gag slightly from the whiffs of corporate governance scandals past, missing cash, failing businesses, uncollectable receivables and...

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