ER Reports on Singapore Stocks
While designing the course content for the XLRI Singapore program, I happened to visit the website of Singapore Stock Exchange. I was pretty impressed with one feature of the Exchange, which I think other exchanges in the world can adopt.
They have started a research initiative (known as SGX-MAS initiative), where an investor can go through the equity research reports of stocks listed in the exchange. As of now 187 firms have signed up for the program and about 12 equity research firms track the stocks of these firms. The website says it is available only for two years. Hopefully, it will be extended for more number of years.
One just needs a login account to have access to the equity research reports (available in PDF format). It is free. Visit the website of the exchange to become a member.
Efficient Markets Hypothesis (semi-strong version) is based on the argument that when information is available to all, then prices will always reflect all publicly available information and hence no non-insider can earn excess returns consistently. This is a great initiative on the part of the exchange to make information available to all investors free of cost and will definitely help making SGX one of the best in the world.
The exchange should request (ask) the analysts to particularly track the mid-cap and small-cap stocks so that information will be available on a wide-variety of stocks. Even developed stock exchanges face the problem of lack of adequate information on small-cap stocks and that probably makes the market for small-cap stocks somewhat inefficient. The analysts do not track small-cap stocks because there is a lack of interest in such stocks. Such proactive behavior on the part of the exchanges can definitely help making the entire market efficient.
Mesothelioma Lawyer Counter
They have started a research initiative (known as SGX-MAS initiative), where an investor can go through the equity research reports of stocks listed in the exchange. As of now 187 firms have signed up for the program and about 12 equity research firms track the stocks of these firms. The website says it is available only for two years. Hopefully, it will be extended for more number of years.
One just needs a login account to have access to the equity research reports (available in PDF format). It is free. Visit the website of the exchange to become a member.
Efficient Markets Hypothesis (semi-strong version) is based on the argument that when information is available to all, then prices will always reflect all publicly available information and hence no non-insider can earn excess returns consistently. This is a great initiative on the part of the exchange to make information available to all investors free of cost and will definitely help making SGX one of the best in the world.
The exchange should request (ask) the analysts to particularly track the mid-cap and small-cap stocks so that information will be available on a wide-variety of stocks. Even developed stock exchanges face the problem of lack of adequate information on small-cap stocks and that probably makes the market for small-cap stocks somewhat inefficient. The analysts do not track small-cap stocks because there is a lack of interest in such stocks. Such proactive behavior on the part of the exchanges can definitely help making the entire market efficient.
Mesothelioma Lawyer Counter
posted by Pitabas Mohanty at 10:25 PM
1 Comments:
Thank you for sharing about your blog today in class. It was interesting to see your example of sequel right for a mnovie (an option pricing model) detailed out here. Theis blog is an excellent way to benefit from your continued insights on the subject.
PS: Since I visited your blog for the first time today, found some of the links not working.
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