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Photo from CGS International Securities Singapore Pte Ltd.

EQDP to boost liquidity as SG eyes return of Chinese large-caps: CGS

The equity market is expected to see renewed momentum.

The equity market could see renewed momentum as Singapore positions itself as a secondary listing venue, analysts said at a market outlook discussion hosted by CGS International Securities Singapore Pte Ltd.

The Equity Market Development Programme (EQDP) is helping to boost trading activity and market liquidity, said William Tng, director of research at CGS International Singapore.

“Investors now have an opportunity to pick up high-quality stocks at attractive valuations,” he said.

He added that the potential return of large-cap Chinese companies listed overseas could deepen the market and increase investor participation.

“Comparable programmes in Japan and Korea have successfully strengthened their markets, and Singapore is on a similar path,” Tng said.

Meanwhile, Singapore equities remain undervalued, underowned, and structurally strong, said Phua Zhenghao, group head of investment for asset management at CGS International.

He noted that the market offers relatively high dividend yields and lower volatility compared with global benchmarks such as the S&P 500.

“We are looking beyond the STI to identify the next generation of market leaders, spanning sectors from industrials and materials to healthcare,” Phua said.

From a corporate perspective, Darren Loh, chief operating officer of Coliwoo Holdings Limited, said demand for purpose-built co-living accommodation in Singapore has been rising, driven partly by international tenants.

He added that the company is assessing expansion opportunities amidst shifting geopolitical conditions.

 

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