Bonds to the rescue for SGX
It is the right time to invest in SGX? Share price has fallen from a high of $8.50 in January 2018 to the current $7.30 level. The volatility in the share price of SGX is not surprising given that the financial market is very sensitive to the economy condition.
Over the years, I have seen SGX become more business-friendly vis-à-vis the antagonistic approach taken by the previous CEO, Magnus Bocker. The recent new rule on the dual-class listing of shares and the resumption of midday break in the securities market are just some of the examples of SGX trying to improve its corporate image. I am also excited over its on-going consultation to reduce the settlement cycle and streamlining of quarterly reporting. These changes would go a long way in making the investment community a progressive one in the long-term.
With dividend yield of 4.1%, I do think that current valuation may represent good opportunity to buy and hold SGX stocks for the long-term. But do you know that apart from a leading regional stock bourse, SGX is also the largest exchange in Asia for the listing of international bonds?
Volatility is good for SGX
If investors look back, …