Catalist stocks’ poor performance highlights structural issues, market problems
Many have performed poorly since listing, with prices tumbling on the first day of trade and often seeing little to no trading volumes as a result
Add BT as a preferred source
AMID a dearth of new mainboard listings on the Singapore Exchange (SGX), initial public offering (IPO) activity on the local bourse has been propped up by a handful of Catalist listings over the last two years. But the majority of these new entrants have struggled to find their footing.
The poor showing from these recently listed Catalist companies, however, will not be an easy issue to solve. For starters, industry watchers are divided on the reasons for these counters’ underperformance.
While some believe the subdued post-listing performance exposes gaps in the structure of SGX’s junior board, others say the issues stem from low valuations and are more of a market problem.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Employers want AI-fluent employees. Hiring them is the challenge
