Top of mind are the three developers: City Developments (CDL), Hongkong Land and UOL Group, which are trading at discounts to their net asset values (NAV).
Among the initiatives to enhance market infrastructure and increase trading efficiency are plans to reduce board lot size to improve investor access. The Singapore Exchange (SGX) plans to reduce the board lot size for securities above $10 from 100 to 10 units. This significantly lowers minimum investment requirements, broadening investor participation and boosting trading activity.
Would this move spur a rally in stocks that are trading above $6 but below $10? And if so, which are the most likely stocks?
