Singapore stocks are said to be trading without much leads for August 2014 and I think for the whole of August 2014, the only excitement in Singapore's stocks markets is the proposed sales of United Engineers to a company of a Thai's billionaire. While the proposed sales may profit investors who buy strategically in these stocks, I feel we must also think more deeply about Singapore stocks as a whole. Is acquisition of our very own companies by foreign companies something to be proud of or a thing we should lament about? We have our very own F&N, Goodpack, humble Singapore stocks which we are proud of and we are proud that they become so valued that overseas parties acquire them but I still think that Singaporeans will miss another successful Singapore company started and owned by Singaporeans.
To be frank, due to our small domestic market, acquisition by overseas ......