Tech stocks still not investors' darlings
Listed tech companies are valued on metrics such as revenue and market share, even if they aren't profitable; S'pore investors still look at PE ratios
Singapore
MENTION tech stocks, and chances are Singapore stocks will not immediately spring to mind. World No 1 Apple's market cap alone is easily 45 times that of the Singapore Exchange's 85 actively-traded IT stocks combined.
Market watchers say that the tech ecosystem here is still very much in its growth stage, so it probably isn't fair to expect a behemoth that is the equivalent of Apple, Google or Microsoft just yet.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think