New Singapore Depository Receipts may get a warm reception while latest Catalist listings get a cold shoulder; but Hongkong Land’s pivot could matter most
LOCAL investors are gaining access to a wider range of exciting stocks through the Singapore Exchange (SGX) platform.
No, I’m not alluding to the recent debut of restaurant player Food Innovators, or the imminent listings of interior decorator Attika Group and karaoke lounge operator Goodwill Entertainment.
Instead, I’m referring to the launch last week of the Singapore Depository Receipts (SDRs) covering five Hong Kong stocks: Alibaba, Tencent, BYD, HSBC and Bank of China.
