Something unusual is happening in Singapore.
In many overseas markets a 30% to 50% premium is attached to the purchase price of the "foreign issue" stocks. The premiums in Singapore are falling, some near par with those of the local shares. (Please see examples in first message to this topic.) News has some companies merging their local shares with the foreign tranches. It has indeed happened once within the past week.
The SES has been in a slumber. How long will it take to recover?
Singapore has a high market correlation with the S&P 500. Time to buy?
Your thoughts are most welcome.
Tom R. Yarnall |
