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Singapore Financial Authorities are Doing too Little and in the Wrong Area
By Investmoolah  •  March 10, 2019
In the past few years, Singapore has seen a wide range of corporate failures of SGX Listed companies. Some of them include delisting after a large unexplained fall in prices, spectacular accounting impairments not seen since Enron, lack of material disclosures and corporate governance issues. All these is leading to a dearth of IPOs and lack of investor sentiments which has seen the latest IPO only being 1.3x times subscribed. If it is difficult for investors to analysis the financials of a company due to poor accounting and lack of disclosures, they are likely to stay away. This is why regulators are present in every country to ensure rules are in place to ensure transparency and reduce the amount of frauds. Unfortunately, it seems Singapore lacks the above.
Ayondo, the first fintech listed on SGX and also probably holds the record for one of the fastest IPO to suspend itself....
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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