Talkmed, Sarine & Ezion: putting to rest the myth of non-performance

ONE of the criticisms commonly heard of the local stock market is that it is a perennial underperformer.

Though classified as a developed market within the MSCI Asia ex-Japan index, it tends to be lumped together with emerging markets in Asia, and this has adversely affected the market's liquidity and performance. So conventional wisdom is that it is almost impossible to find massive outperformers here, or "ten-baggers", as brokers like to call those that are the holy grail of investing.

Maybe so. For some investors, Singapore might not be as exciting as other markets, but as the saying goes, "look and ye shall find". There are actually many "ten-baggers" available if one looks hard enough.

Today, we present three of the local market's most stunning performers in recent times - one that has managed to more than quadruple in about 10 weeks since listing with no analyst coverage; another which has risen 30 times in five years with only three local houses covering it; and a third, whose gain of over 25 times, also over five years, has come with plenty of analyst covera…