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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.