SGX watchlist looms for 3 firms after consecutive losses

Of the three, one has recorded a 6-month average daily market capitalisation lower than $40m.

Seatrium, GSH Corporation, and Global Invacom Group Limited have filed a notice of pre-tax losses for the third consecutive financial year.

Under listing rules, SGX will place Mainboard-listed companies under the watchlist if they record pre-tax losses for three (3) most recently completed consecutive financial years and an average daily market capitalisation of less than $40m over the last six months.

Of the three, Global Invacom Group Limited has recorded a 6-month average daily market capitalisation lower than $40m of $13.7m.

Three companies are awaiting notice from the SGX on their possible placement on the watchlist.

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