Objectively, how will SGX compete with the larger liquidity and better PE of HKEX? Will things get worse before it gets better?
I primarily see two issues. Delisting and PE.
For delisting, it is increasing.
For PE, I am probably oversimplifying, but apple to apple companies are fetching different prices.
1) AIA/HK PE ratio 16; Great Eastern/SG PE ratio 9+
2) HSBC/HK PE ratio is 28; DBS/SG PE ratio is 8.35
3) SAS/SG PE ratio is 9+; Cathay/HK PE ratio is 20+
Why are investor buying HKEX shares despite that they can also readily and easily buy Singapore shares, say instead of Cathay they can buy Singapore Airlines.
How will SGX and Singapore government increase inflow of investors as well as listing. How do you guys see the prospect.
I primarily see two issues. Delisting and PE.
For delisting, it is increasing.
For PE, I am probably oversimplifying, but apple to apple companies are fetching different prices.
1) AIA/HK PE ratio 16; Great Eastern/SG PE ratio 9+
2) HSBC/HK PE ratio is 28; DBS/SG PE ratio is 8.35
3) SAS/SG PE ratio is 9+; Cathay/HK PE ratio is 20+
Why are investor buying HKEX shares despite that they can also readily and easily buy Singapore shares, say instead of Cathay they can buy Singapore Airlines.
How will SGX and Singapore government increase inflow of investors as well as listing. How do you guys see the prospect.
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