A bazooka to boost market demand
First off, MAS and the Financial Sector Development Fund will launch a S$5 billion Equity Market Development Programme (EQDP) where MAS partners with select fund managers with investment mandates that focus on Singapore stocks....The wait has been worth it.
In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in Singapore.
This group, Equities Market Review Group (EMRG), was chaired by the Minister for Transport and Second Minister for Finance Chee Hong Tat, and will comprise private sector stakeholders and public sector representatives.
Last Friday, the EMRG unveiled its first set of measures after conducting extensive consultations with industry stakeholders.
These measures aim to stoke investor demand and improve the attractiveness of the local bourse for initial public offerings (IPOs).
We discuss these measures and highlight four Singapore stocks that look set to benefit.
