Why a new generation of investors is thinking twice about SGX
It’s an uphill battle for Singapore’s stock exchange as younger investors set their sights on overseas markets such as the US instead
Add BT as a preferred source
AS AN avid investor who has been putting money into stocks since he was 19, software engineer Daniel Khoo – now 30 – holds a very dim view of the local equities market.
“Having followed (the local equities market) for some time, my impression is that it is very slow, and liquidity is very bad. The bid-ask spread would be so wide that there would be no trade for hours at a time,” he says, adding that Singapore companies also have relatively smaller market capitalisations compared with global leaders.
“Why buy ST Engineering if I can buy Lockheed Martin?” He also points out that unlike previous generations, investors today can easily access the US and other equities markets through online brokerages.
TRENDING NOW
SIA sinks into the red with S$76 million Q1 loss as fuel costs jump
15-month wait-out curb lifted for private property owners buying HDB resale flats
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
