The real reason is....
They depend on guys like you, Genosis, DW, TTI, TII, ASSI, etc etc to do the research for them.
Good luck to these people. All is good when the prices go up. These people look smart. When the market goes down, you get to see their true character.
These "value" "investors" will run like scary cats because they don't have the mental fortitude, something that one can only get from doing their homework. They don't deserve to be called "value" investors because they don't do valuation, they aren't fit to be call investors because they let the damn market guide their thinking, or want a pretty-looking sgxcafe to flaunt around.
Spending the money is easy. Stock-picking isn't. Given a choice, how many of you will perform volunteer work vs donating money?
Simply enough: these followers just want the $ and sometimes they want the face as well. And imo, they don't deserve either.