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It’s time to employ innovative strategies to boost valuations in Singapore stocks

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Raphael Lim

Raphael Lim

Published Wed, Mar 27, 2024 · 05:00 AM
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    • Building a vibrant public equity market is important for a financial hub, especially as more local and regional companies mature.
    • Building a vibrant public equity market is important for a financial hub, especially as more local and regional companies mature. PHOTO: BT FILE

    INVESTORS often lament that most Singapore stocks are undervalued. To some extent, it is easy to appreciate their frustration.

    Over 600 stocks are listed on the Singapore Exchange, but only under a third of them trade above book value, according to Bloomberg data. The median counter has a price-to-book ratio (P/B ratio) of around 0.6 times.

    Even when considering counters with a market capitalisation of at least S$200 million, it’s notable that over half of them have a P/B ratio below 1.

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