(Or “Why hate Foreign Trashes to pieces”)
StockFacts allows investors to screen for stocks based on 20 different criteria, including market capitalisation and revenue. The product will also incorporate information from S&P Capital IQ like analysts’ consensus estimates and recommendations.
“Before StockFacts was launched, investors who wanted to do research on SGX-listed companies had to use various different sources of varying credibility to access the information,” said SGX head of retail investors Lynn Gaspar to BT on Monday. “This was a gap that we identified through retail investor feedback.”
Why took so long Foreign Trashies? CEO and COO are FTs but people pushing for StockFacts are locals. Taz why
So, SGX is now hoping S-Chips will start coming here. and that Sinkies will forget that they were fleeced in the past? To remind
In the case of FerroChina, which had a market value of more than S$2 billion in 2007, shareholders lost their entire investment when the steelmaker was forced to delist in March 2010. Other stocks that have been suspended include Sino Techfibre, which said a fire destroyed its financial records after reporting accounting flaws, and China Sun Bio-Chem Technology Group Co., which said a truck transporting its accounting records was stolen.
Here’s more fleecing (in Germany)
The chief executive of Chinese footwear firm Ultrasonic, who was reported missing last week along with most of the firm’s cash, has spoken to Chinese media and denied wrongdoing.
Last week, Ultrasonic said it had dismissed him from his post.
The firm said he and his son, who is chief operating officer, had vanished.
The firm, which is listed in Germany, said that both the men, Qingyong Wu and Minghong Wu, had “apparently left their homes and are not traceable”.
Earlier this year, another Germany-listed Chinese manufacturer, Youbisheng Green Paper, said its chief executive had gone missing without explanation. It later initiated insolvency proceedings.