Their methodology in identifying potential beneficiaries takes into account an average daily value traded (ADV) of over US$500,000 ($640,000), and stocks not within the Straits Times Index (STI).
Analysts at Macquarie Equity Research (Macquarie) see an approaching resurgence for small-to mid-cap stocks in Singapore with the arrival of the Monetary Authority of Singapore’s (MAS) $5 billion equity market development programme (EQDP), which they believe will be implemented in the third quarter.
Beyond the capital inflow, analysts Jayden Vantarakis, Zhiwei Foo, Kelly Kwok and Rachel Tan note that the MAS expects other private capital to be crowded into appointed mandates.
