by: Tam Ging Wien
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Out of complete curiosity, we decided to do a comparative analysis of pawn brokers listed on SGX.
They roused our curiosity one day when we were out in Chinatown for lunch and we noticed quite a number of pawn shops around the area. Pawn shops are essentially micro-financial institutions that will take smaller assets such as watches, jewelry and gold as collateral in return for a micro-loan.
Certainly if it’s a micro-loan, the loan interest rates can’t be …