More listed firms mull secondary overseas listings on back of persistent SGX weakness
Companies who stay local are in for a tough year.
More listed companies may turn to overseas bourses in search of funds, as the SGX continues to lag its peers in terms of capital raising.
According to a report by the Small and Middle Capitalisation Companies Association, the SGX’s weakness will urge listed companies to naturally seek out overseas stock exchanges with greater trading liquidity and investor interest.
The report also stated that listed firms with substantial international exposure will do better than their peers who have decided to stay local.