How Singapore’s ‘zombie’ stock exchange is undermining its financial hub dream
21-10-2021, 03:42 PM
21-10-2021, 03:55 PM
All regulatory failures ....junk listed stocks
1. CLOB the sgx and govt assure us it was legal. It was created and full of junk Malaysian stocks that were syndicate manipulated ...many junk stocks that eventually collapsed. Malaysia wanted to do us a favor by eliminating the dual listing ....but sg created CLOB ...to boost broker commissions.which eventually collapsed along with many stocks in it....causing many Singaporeans to lose money...many swear never to invest again.
2. S- Chip Debacle...allow many fraudulent companies to list and collapse. No action taken against fraud
3. Weak regulation and oversight allowing frauds like Eagle, Noble, Best World, to operate...with impunity.
4. Soh Chee Wen a Malaysian syndicate operator was prevented by Malaysian authorities from manipulation came to Singapore to manipulate penny stocks from right under the nose of regulators for many many months before action was taken.
5. Allow oil and resource exploration stocks to list...such companies were barred by other countries all came to Singapore...companies like Linc resources collapsed ...after collecting alot of IPO$ so did Ezra, Enzion etc.
SGX is just hungry for listing and did not protect investors well. Commission and stamp fees are very high at a time when Singaporeans can buy US stocks for zero commission using Amerotrade..who wants to buy junk stocks paying high commission when one can get quality for zero commission
I never believe Singapore has good governance ...just look at SGX..under .the PAP govt all the above happen and never learned any lessons...on oversight as Singaporeans lost their life savings.
1. CLOB the sgx and govt assure us it was legal. It was created and full of junk Malaysian stocks that were syndicate manipulated ...many junk stocks that eventually collapsed. Malaysia wanted to do us a favor by eliminating the dual listing ....but sg created CLOB ...to boost broker commissions.which eventually collapsed along with many stocks in it....causing many Singaporeans to lose money...many swear never to invest again.
2. S- Chip Debacle...allow many fraudulent companies to list and collapse. No action taken against fraud
3. Weak regulation and oversight allowing frauds like Eagle, Noble, Best World, to operate...with impunity.
4. Soh Chee Wen a Malaysian syndicate operator was prevented by Malaysian authorities from manipulation came to Singapore to manipulate penny stocks from right under the nose of regulators for many many months before action was taken.
5. Allow oil and resource exploration stocks to list...such companies were barred by other countries all came to Singapore...companies like Linc resources collapsed ...after collecting alot of IPO$ so did Ezra, Enzion etc.
SGX is just hungry for listing and did not protect investors well. Commission and stamp fees are very high at a time when Singaporeans can buy US stocks for zero commission using Amerotrade..who wants to buy junk stocks paying high commission when one can get quality for zero commission
I never believe Singapore has good governance ...just look at SGX..under .the PAP govt all the above happen and never learned any lessons...on oversight as Singaporeans lost their life savings.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
21-10-2021, 04:14 PM
(21-10-2021, 03:55 PM)sgbuffett Wrote: All regulatory failures ....junk listed stocks
1. CLOB the sgx and govt assure us it was legal. It was created and full of junk Malaysian stocks that were syndicate manipulated ...many junk stocks that eventually collapsed. Malaysia wanted to do us a favor by eliminating the dual listing ....but sg created CLOB ...to boost broker commissions.which eventually collapsed along with many stocks in it....causing many Singaporeans to lose money...many swear never to invest again.
2. S- Chip Debacle...allow many fraudulent companies to list and collapse. No action taken against fraud
3. Weak regulation and oversight allowing frauds like Eagle, Noble, Best World, to operate...with impunity.
4. Soh Chee Wen a Malaysian syndicate operator was prevented by Malaysian authorities from manipulation came to Singapore to manipulate penny stocks from right under the nose of regulators for many many months before action was taken.
5. Allow oil and resource exploration stocks to list...such companies were barred by other countries all came to Singapore...companies like Linc resources collapsed ...after collecting alot of IPO$ so did Ezra, Enzion etc.
SGX is just hungry for listing and did notbprotecf investors well. Commission and stamp fees are very high at a time when Singaporeans can buy US stocks for zero commission.
I never believe Singapore has good governance ...justb3look at SGX...the govt all the above happen and never learned any lessons.
corruption inside maybe?
21-10-2021, 04:14 PM
Attracting low-quality s-chips to list in SG was a short-sighted move that damaged long term valuations of all companies on SGX and hence prospects of new listings. There is still this stigma of whether you can believe the financial statements of any of the smaller companies listed in SG.
HK has China as a hinterland, but SG can make SEA our hinterland. Attracting more large SEA companies such as Thai Beverage to dual-list in SG will be the right move, not the small-time microcap companies.
HK has China as a hinterland, but SG can make SEA our hinterland. Attracting more large SEA companies such as Thai Beverage to dual-list in SG will be the right move, not the small-time microcap companies.
21-10-2021, 04:17 PM
Even dead cats can have chance to rebound, but not the worldclassed SGX.
![Smile Smile](https://sgtalk.net/images/smilies/smile.png)
21-10-2021, 04:42 PM
You list, be prepared to go into coma.
21-10-2021, 07:53 PM
(21-10-2021, 03:55 PM)sgbuffett Wrote: All regulatory failures ....junk listed stocksStay far far away especially those got tamasick-linked counters. Scary. Maybe, only can consider bank counters.
1. CLOB the sgx and govt assure us it was legal. It was created and full of junk Malaysian stocks that were syndicate manipulated ...many junk stocks that eventually collapsed. Malaysia wanted to do us a favor by eliminating the dual listing ....but sg created CLOB ...to boost broker commissions.which eventually collapsed along with many stocks in it....causing many Singaporeans to lose money...many swear never to invest again.
2. S- Chip Debacle...allow many fraudulent companies to list and collapse. No action taken against fraud
3. Weak regulation and oversight allowing frauds like Eagle, Noble, Best World, to operate...with impunity.
4. Soh Chee Wen a Malaysian syndicate operator was prevented by Malaysian authorities from manipulation came to Singapore to manipulate penny stocks from right under the nose of regulators for many many months before action was taken.
5. Allow oil and resource exploration stocks to list...such companies were barred by other countries all came to Singapore...companies like Linc resources collapsed ...after collecting alot of IPO$ so did Ezra, Enzion etc.
SGX is just hungry for listing and did notbprotecf investors well. Commission and stamp fees are very high at a time when Singaporeans can buy US stocks for zero commission.
I never believe Singapore has good governance ...justb3look at SGX...the govt all the above happen and never learned any lessons.
21-10-2021, 08:28 PM
(21-10-2021, 04:14 PM)starbugs Wrote: Attracting low-quality s-chips to list in SG was a short-sighted move that damaged long term valuations of all companies on SGX and hence prospects of new listings. There is still this stigma of whether you can believe the financial statements of any of the smaller companies listed in SG.
HK has China as a hinterland, but SG can make SEA our hinterland. Attracting more large SEA companies such as Thai Beverage to dual-list in SG will be the right move, not the small-time microcap companies.
you are slow, already too late
https://carlarweir.wordpress.com/2013/09...te-to-str/
https://www.internationalinvestment.net/...heast-asia
21-10-2021, 08:31 PM
$mil paid paper generals, huat ah!
![Smile Smile](https://sgtalk.net/images/smilies/smile.png)
21-10-2021, 08:51 PM
21-10-2021, 09:01 PM
Those playing in SGX are mainly those jhk working in sg and those who had never worked overseas before.
21-10-2021, 09:08 PM
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