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It will take a village to lift our stock market

It is in the interest of all stakeholders to achieve better outcomes for the local market

    • SGListCos has been exploring improving investor relations capability as part of the solution for fair valuation and more trading.
    • SGListCos has been exploring improving investor relations capability as part of the solution for fair valuation and more trading. PHOTO: BT FILE
    Published Mon, Apr 22, 2024 · 05:00 AM

    RECENTLY, there have been articles, letters and much discussion lamenting a relatively weak local equity market performance, especially when compared to the US and Japanese markets which have been on a run since 2023.

    A variety of observations and solutions have been proposed, including listing large companies such as government-linked crown jewels such as PSA; more active participation and involvement of sovereign wealth funds; strengthening the capabilities of board directors; improving governance; as well as specific regulations emulating the “Japan” model.

    Other suggestions include “corporate value-up” programmes, formation of joint task forces and asking listed company management and board directors to address undervaluation.

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