Will local investors take to foreign-listed tech stocks like Sea after inclusion in key indices?
THE likely imminent inclusion of Nasdaq-listed Sea Ltd in the MSCI Singapore Indices is widely expected to boost investment sentiment across the local market.
Yet, until many more such "new economy" companies are added to Singapore's key market benchmarks, Sea may well be treated as an anomaly by investors - a stock to watch separately and analyse differently from the staid stalwarts that currently dominate the scene.
More than 58 per cent of the MSCI Singapore Index (MXSG) is weighted towards DBS, OCBC, UOB and Singtel - companies that are tightly regulated and which investors assess on the basis of valuation metrics such as price-to-earnings ratios, price-to-book values and, perhaps most importantly, dividend yields.
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
Companies & Markets
Luxury group Richemont reports slowdown in Q4 sales, appoints new CEO
Vietnam forfeits billions of US dollars in foreign aid amid anti-graft freeze
Asia: Stocks mixed after Wall Street, Europe retreat from records
Mapletree closes second Japan logistics development fund, expects 110 billion yen AUM
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Microsoft offers cloud customers AMD alternative to Nvidia AI processors