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Market analysis: Singapore

25 June 2008

Planning the next move

Read more: Singapore

What you need to realise about Singapore is that for a number of reasons it is not a huge market in terms of size. The market is very stable and historically very self-contained and its securities lending market has always been fairly limited in the sense that it has been focused around being a sales coverage market. The local market  operates a retail margin-lending product, and similarly a lot of central securities depository (CSD) shops are set up to offer a margin product for the retail customers.

In Singapore there are many government-linked companies operating in the market and a lot of the activity is often regarded as being very government driven. Pan Asia Securities Lending Association (PASLA) chairman, Lawrence Komo said: "In general it's a relatively quiet market. Not many cross, not many do listing issues and there are very few American Depositary Receipts (ADRs). In the current market...


 

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