0713 GMT - There needs to be more clarity regarding the focus sectors of Singapore's S$5 billion Equity Market Development Program, says Shekhar Jaiswal, head of equity research at RHB Singapore, in a note. This would ensure the program aligns with sectors that make up the largest portion of the potential initial public offering pipeline for the Singapore Exchange. Jaiswal also stresses the need for greater transparency on how much of the funds will be allocated to small- and mid-cap companies. "Without this clarity, there remains a risk that much of the funds may get allocated to large-cap/or index stocks," he adds.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 02:13 ET (07:13 GMT)
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