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
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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