Several investors expressed disappointment at the poor performance of the Singapore market, compared to overseas stock markets.
I found the following table in this link.
Over the past 10 years, the Singapore stock market was the worse performing among the 23 markets surveyed by the website. I was not able to find the names of the other markets, but they are probably from the developed markets.
What is the reason for the poor performance of the Singapore blue chip stocks?
I hazard a guess. The poor performance probably reflect that Singapore business cost is too high and that reflects in lower profits for businesses that have to compete globally. We have become uncompetitive for the past 10 years, maybe longer.
I also find the business practices in Singapore to be inefficient and wasteful. We spend a lot of money doing things that appear to me to be wasteful and unnecessary. Most of these are compliance cost imposed by the government.
It is important for Singapore companies to undergo a "detoxification program" to get rid of wasteful and costly activities.
2 comments:
If you have children, remember this: It is OK to do well in some areas, and not as well in others. Some can be Dalai Lama, while some can be Haemin Sunim?
Detoxication entails excess cut at civil service, unlikely it will happen
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