SGX should stop listing China Co. in Spore. They add no value to our economy and abuse the funds raised for business. Take a look at our real S-chip list of Co. shares that have gone up with fundamental:- Design Studio SMB Wee Hur KTL Poh Tiong Choon OKP Teck Wah PSL Breadtalk. Isnt it better to buy real singapore business with real businessman. If you had bought and keep them even thru the crisis, you see them come back kicking and alive. Chinese stock basically are big fund suckers and these ppl behind them are socialist n does not know how to separate market respect and personal interest. There are stories circulating around that these bosses are actually ex-cadre communist members and infact in their whole life does not know how to get things done except with communist party money. By listing them in Spore means we Sporean have indirectly help finance the foray of communist into market economy.
There are good S-chips just as there are good Spore companies. I am confident of S-chips such as China New Town, Sinotel and Yangzijiang. Dont forget there are many Spore companies which have bombed such as ACCS and JEL, who cooked the books. Because of our mistrust of S-chips after a number of them failed us, the market has accorded a low PE to even good stocks because the market cannot tell the difference yet.
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