Prof Mak notes that 10 years ago, Singapore was home to more than 150 "S-chip" companies, or Chinese companies listed on SGX. This number is down to just 71 today, and could drop even further, he warns.
"Just over the first six months of this year, another six S-chips have disappeared. I am not saying they are all going to collapse, but I think we will continue to see more doing so," he says.
What was once an "S-chip problem" has spread to the rest of the market over the past few years. Big companies like Hyflux and Noble, Singapore-based companies like Best World and Trek 2000, and Eagle Hospitality Trust are some of the names that have collapsed, wiping out investors' money along with them.
Late comers or FOMO are more likely to be punished by Mr Market???
First time stepping out of local market into HK Tech and kena whacked big time and never again! KNS!
The worst performing stock in Uncle8888's portfolio down -49% without a single cent of Panadol to ease heartache! Pain at the Max!
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