DIARY OF A PRIVATE INVESTOR

Looking for prospective pawn stars

To be successful, pawnbrokers should be able to offer the right price for the right pawn

Sat, Nov 30, 2019 - 5:50 AM

Singapore's three listed pawnbrokers - namely, MoneyMax, Maxi-Cash and ValueMax - have delivered returns that are clustered around the median of 9 per cent.

BT FILE PHOTO

PAWNBROKING has been around for more than a thousand years. In the early days, the practice of pawnbroking was not just the preserve of businessmen looking to make a quick buck. It was also carried out by churches to provide short-term financial assistance to members of their congregation who...