Sense & Cents
·
SUBSCRIBERS

Why investors should back listed family-linked businesses such as those of the Wee family

Family-owned companies are likely to be managed with an eye on multi-generational wealth transfer, a plus for long-term sustainability

Leslie Yee

Leslie Yee

Published Tue, Oct 10, 2023 · 04:20 PM
    • UOB is one of several entities on the local bourse that is linked to the family of banker Wee Cho Yaw.
    • UOB is one of several entities on the local bourse that is linked to the family of banker Wee Cho Yaw. PHOTO: ST FILE

    I have a long-term investment horizon. I am generally a hoarder who adds to my equities holdings when I have time and/or spare cash. And I prune my holdings far too infrequently.

    It’s convenient to hold stocks via the Central Depository Account or a nominee account with a bank. I need not fear losing physical share certificates, and dividends are generally paid in a timely manner, directly into one’s bank account, with hardly any need for monitoring on my part.

    I favour Singapore equities because I am based here, comfortable with the local regulatory framework, and prefer Singapore-dollar denominated investments as I like the local currency. 

    Copyright SPH Media. All rights reserved.