Shares & Derivatives
MIDAS Holdings – a China play owned and managed by Singaporeans
By Kevin Scully-Financial Blog  •  March 27, 2009
... - a candidate for my Stock Pick .......but not Big On The S Chip financial scandals in Singapore continue to grow - we now have on the list China Print & Dyeing, Ferro China, FibreChem, Oriental Century, China Sun Bio Chem, Celestial Nutrifoods, China Enersave and Sino Environment - just to name a few. I spoke to a fund manager this morning who mentioned that they are now shying away from China stocks in Singapore because they are less comfortable with the robustness of their financials and their governance. However, they recognise that you must still be invested in China so they have been investing in China stocks listed in Hong Kong. This is not good for the Sgx as we have prided ourselves as being a good market for China stocks to list besides Hong Kong. Anyway that is an issue for the Singapore Government, MAS and SGX to resolve. Read more...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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