I find it not that fair to introduce measures that may ultimately curb investors’ interest in other penny stocks which have solid fundamentals due to just few penny stocks not behaving good. We must not forget that some good stocks now on SGX also started being penny stocks. I just hope SGX will not introduce sweeping reforms on all penny stocks if it wants to introduce some measures ...
...I read from today’s newspapers that the SGX is mulling over measures on penny stocks. It was reported in the same article that trading in stocks worth just a few cents is not reasonable. No doubt, the mulling over of measures to curb trading in penny stocks stems from the high-profile saga concerning Blumont, Asiasons and LionGold, but it seems that following this saga, penny stocks have become more dangerous for investors to invest or trade, hence warranting the consideration of SGX.
