The MAS Unleashes a S$5 Billion Programme to Boost the Stock Market: 4 Singapore Stocks That Will Benefit

The Smart Investor02-25

The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in ...

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Comments

setia100
02-25
setia100
Investors are now more confident on HKE listing. Businesses are queuing for HKE IPO with banks busy doing book-building. Latest is MIXUE IPO which is asking for HKD$202/unit at extremely high price ❗😂
Siaklim
02-25
Siaklim
Share your opinion about this news…
Agxm
02-25
Agxm
Lol. Never tighten the quality of ipo but give them more benefit will only attract more crap ipo for the tax benefit.
- Zarkness:
  agree! 👍

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ACC"},"translate_title":"新加坡金管局推出50亿新元计划提振股市：4只新加坡股票将受益","themeId":"0d315ad57b264b27043bc1c3d0c2f724","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U10.SI":1.1,"AIY.SI":1.1,"S68.SI":1.1,"D05.SI":1.1},"content_text":"The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in Singapore.This group, Equities Market Review Group (EMRG), was chaired by the Minister for Transport and Second Minister for Finance Chee Hong Tat, and will comprise private sector stakeholders and public sector representatives.Last Friday, the EMRG unveiled its first set of measures after conducting extensive consultations with industry stakeholders.These measures aim to stoke investor demand and improve the attractiveness of the local bourse for initial public offerings (IPOs).We discuss these measures and highlight four Singapore stocks that look set to benefit.A bazooka to boost market demandFirst off, MAS and the Financial Sector Development Fund will launch a S$5 billion Equity Market Development Programme (EQDP) where MAS partners with select fund managers with investment mandates that focus on Singapore stocks.These should be actively managed strategies and invest not just in blue-chip stocks but a wider range of companies.These fund managers will also enjoy tax exemptions on qualifying income from funds that invest substantially in Singapore-listed equities.The Global Investor Programme (GIP) will also be tweaked to attract more capital inflows into Singapore-listed equities.GIP stipulates that single-family offices have to be established with assets under management (AUM) of at least S$200 million, of which S$50 million should be invested in equities listed on the Singapore Exchange (SGX: S68), or SGX.Measures to attract quality IPOsApart from boosting demand, MAS also came up with incentives to attract companies to list on SGX.There will be a 20% corporate income tax rebate for new primary listings and a 10% tax rebate for secondary listings, both of which should help to defray costs for enterprises.For new fund manager listings in Singapore, there will be an enhanced 5% concessionary tax rate on qualifying income but these funds should distribute a portion of its profits as dividends.Strengthening investor confidenceThe next step involves strengthening investor confidence to encourage more investors to park their money in Singapore equities.Listing suitable and prospectus disclosures will be consolidated under SGX Regulation (SGX RegCo) to provide prospective issuers with a clearer timeline for the listing process.Prospectus requirements will also be streamlined and SGX RegCo’s qualitative criteria for listings will be reviewed to simplify the requirements.The streamlining means that IPOs will take six to eight weeks but will provide prospective issuers with clearer guidelines and timelines.Other proposals being consideredRemember that the above constitutes just the initial set of measures by the EMRG.The group will consider other proposals that include the introduction of programmes to increase companies’ shareholder engagement capabilities.It is also looking at potentially reducing board lot sizes to attract higher retail liquidity.Other measures may include the improvement of post-trade custody efficiency along with the development of cross-border partnerships.These proposals should be ready before the end of 2025.Companies that are expected to benefitThe EMRG has come up with a comprehensive set of measures targeted at addressing both the demand and supply side.The S$5 billion EQDP should help to attract higher inflows into Singapore, thereby benefitting banks such as DBS Group (SGX: D05).For 2024, DBS’s wealth management AUM increased by 17% year on year to a record S$426 billion.Higher inflows should further increase this AUM and allow the lender to record higher non-interest income from wealth management activities.Similarly, these increased inflows should benefit iFAST Corporation Limited (SGX: AIY).The financial technology company saw its assets under administration (AUA) jump 26.2% year on year to a record S$25.01 billion as of 31 December 2024.Net inflows for 2024 amounted to S$3.3 billion.The EQDP may enhance iFAST’s inflows and result in the group reporting continued increases in its AUA.As for SGX, higher trading liquidity will increase trading volumes, thereby benefitting the bourse operator.For the first half of fiscal 2025, SGX saw a 27.5% year-on-year increase in volumes for exchange-traded currencies and commodities.Its equity derivatives volume climbed 17.4% year on year to 91.2 million contracts but the total traded volume for the equities market dipped by around 2% year on year.Listings amounted to just five which raised a measly S$19.7 million.Should these measures have their intended effect, SGX could see volumes surge while the number of listings should shoot up.As trading volumes increase, UOB Kay Hian (SGX: U10) will also benefit from higher revenues generated by trading commissions and fees.Get Smart: Kicking off a virtuous cycleThis first set of measures by MAS provides hope that the local bourse can enjoy a revival.What the exchange sorely needs is a confidence boost to attract more listing aspirants to float their shares in Singapore.Should these businesses choose to list in Singapore, it will kick off a virtuous cycle where liquidity attracts more liquidity and leads to higher valuations.With higher valuations, more companies will be attracted to raise money on SGX, thereby further improving liquidity.It’s still early days, and investors are eagerly awaiting the next set of measures, but MAS may be headed in the right direction in solving the SGX’s woes.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":407318285807800,"gmtCreate":1740460736931,"gmtModify":1740460740280,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","vip":1,"crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3567852837945728","idStr":"3567852837945728"},"htmlText":"Investors are now more confident on HKE listing.&nbsp; Businesses are queuing for HKE IPO with banks busy doing book-building. 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe MAS Unleashes a S$5 Billion Programme to Boost the Stock Market: 4 Singapore Stocks That Will Benefit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-25 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0084288322.USD":"Natixis Asia Equity RD USD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4585":"ETF&股票定投概念","U10.SI":"大华继显控股","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU0261947096.USD":"FIDELITY FUNDS  SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","BK6033":"金融交易所和数据","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","S68.SI":"新加坡交易所","LU1543694498.USD":"法巴水资源基金RH MD Dis","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","BK6052":"资产管理与托管银行","LU2242646235.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) ACC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU2242646821.SGD":"Fidelity Global Dividend Plus A-MINCOME(G)-SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","D05.SI":"星展集团控股","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU2242652126.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) INC","AIY.SI":"奕丰集团","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","BK6516":"银行与投资服务概念","LU0557290698.USD":"施罗德环球可持续增长基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC"},"source_url":"https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2513848718","content_text":"The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in Singapore.This group, Equities Market Review Group (EMRG), was chaired by the Minister for Transport and Second Minister for Finance Chee Hong Tat, and will comprise private sector stakeholders and public sector representatives.Last Friday, the EMRG unveiled its first set of measures after conducting extensive consultations with industry stakeholders.These measures aim to stoke investor demand and improve the attractiveness of the local bourse for initial public offerings (IPOs).We discuss these measures and highlight four Singapore stocks that look set to benefit.A bazooka to boost market demandFirst off, MAS and the Financial Sector Development Fund will launch a S$5 billion Equity Market Development Programme (EQDP) where MAS partners with select fund managers with investment mandates that focus on Singapore stocks.These should be actively managed strategies and invest not just in blue-chip stocks but a wider range of companies.These fund managers will also enjoy tax exemptions on qualifying income from funds that invest substantially in Singapore-listed equities.The Global Investor Programme (GIP) will also be tweaked to attract more capital inflows into Singapore-listed equities.GIP stipulates that single-family offices have to be established with assets under management (AUM) of at least S$200 million, of which S$50 million should be invested in equities listed on the Singapore Exchange (SGX: S68), or SGX.Measures to attract quality IPOsApart from boosting demand, MAS also came up with incentives to attract companies to list on SGX.There will be a 20% corporate income tax rebate for new primary listings and a 10% tax rebate for secondary listings, both of which should help to defray costs for enterprises.For new fund manager listings in Singapore, there will be an enhanced 5% concessionary tax rate on qualifying income but these funds should distribute a portion of its profits as dividends.Strengthening investor confidenceThe next step involves strengthening investor confidence to encourage more investors to park their money in Singapore equities.Listing suitable and prospectus disclosures will be consolidated under SGX Regulation (SGX RegCo) to provide prospective issuers with a clearer timeline for the listing process.Prospectus requirements will also be streamlined and SGX RegCo’s qualitative criteria for listings will be reviewed to simplify the requirements.The streamlining means that IPOs will take six to eight weeks but will provide prospective issuers with clearer guidelines and timelines.Other proposals being consideredRemember that the above constitutes just the initial set of measures by the EMRG.The group will consider other proposals that include the introduction of programmes to increase companies’ shareholder engagement capabilities.It is also looking at potentially reducing board lot sizes to attract higher retail liquidity.Other measures may include the improvement of post-trade custody efficiency along with the development of cross-border partnerships.These proposals should be ready before the end of 2025.Companies that are expected to benefitThe EMRG has come up with a comprehensive set of measures targeted at addressing both the demand and supply side.The S$5 billion EQDP should help to attract higher inflows into Singapore, thereby benefitting banks such as DBS Group (SGX: D05).For 2024, DBS’s wealth management AUM increased by 17% year on year to a record S$426 billion.Higher inflows should further increase this AUM and allow the lender to record higher non-interest income from wealth management activities.Similarly, these increased inflows should benefit iFAST Corporation Limited (SGX: AIY).The financial technology company saw its assets under administration (AUA) jump 26.2% year on year to a record S$25.01 billion as of 31 December 2024.Net inflows for 2024 amounted to S$3.3 billion.The EQDP may enhance iFAST’s inflows and result in the group reporting continued increases in its AUA.As for SGX, higher trading liquidity will increase trading volumes, thereby benefitting the bourse operator.For the first half of fiscal 2025, SGX saw a 27.5% year-on-year increase in volumes for exchange-traded currencies and commodities.Its equity derivatives volume climbed 17.4% year on year to 91.2 million contracts but the total traded volume for the equities market dipped by around 2% year on year.Listings amounted to just five which raised a measly S$19.7 million.Should these measures have their intended effect, SGX could see volumes surge while the number of listings should shoot up.As trading volumes increase, UOB Kay Hian (SGX: U10) will also benefit from higher revenues generated by trading commissions and fees.Get Smart: Kicking off a virtuous cycleThis first set of measures by MAS provides hope that the local bourse can enjoy a revival.What the exchange sorely needs is a confidence boost to attract more listing aspirants to float their shares in Singapore.Should these businesses choose to list in Singapore, it will kick off a virtuous cycle where liquidity attracts more liquidity and leads to higher valuations.With higher valuations, more companies will be attracted to raise money on SGX, thereby further improving liquidity.It’s still early days, and investors are eagerly awaiting the next set of measures, but MAS may be headed in the right direction in solving the SGX’s woes.","news_type":1,"symbols_score_info":{"U10.SI":1.1,"AIY.SI":1.1,"S68.SI":1.1,"D05.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":407315823260056,"gmtCreate":1740459954765,"gmtModify":1740459999457,"author":{"id":"4094526733194150","authorId":"4094526733194150","name":"Agxm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"4094526733194150","idStr":"4094526733194150"},"htmlText":"Lol. Never tighten the quality of ipo but give them more benefit will only attract more crap ipo for the tax benefit.","listText":"Lol. Never tighten the quality of ipo but give them more benefit will only attract more crap ipo for the tax benefit.","text":"Lol. Never tighten the quality of ipo but give them more benefit will only attract more crap ipo for the tax benefit.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/407315823260056","repostId":2513848718,"repostType":4,"repost":{"id":"2513848718","kind":"highlight","pubTimestamp":1740448204,"share":"https://ttm.financial/m/news/2513848718?lang=en_US&edition=fundamental","pubTime":"2025-02-25 09:50","market":"sg","language":"en","title":"The MAS Unleashes a S$5 Billion Programme to Boost the Stock Market: 4 Singapore Stocks That Will Benefit","url":"https://stock-news.laohu8.com/highlight/detail?id=2513848718","media":"The Smart Investor","summary":"The Equities Market Review Group has come up with a battery of suggestions for improving liquidity and attracting more capital to invest in the local bourse.","content":"<div>\n<p>The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The MAS Unleashes a S$5 Billion Programme to Boost the Stock Market: 4 Singapore Stocks That Will Benefit</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe MAS Unleashes a S$5 Billion Programme to Boost the Stock Market: 4 Singapore Stocks That Will Benefit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-25 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0084288322.USD":"Natixis Asia Equity RD USD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BK4585":"ETF&股票定投概念","U10.SI":"大华继显控股","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU0261947096.USD":"FIDELITY FUNDS  SUSTAINABLE ASIA EQUITY \"A\" (USD) ACC","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","BK6033":"金融交易所和数据","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","S68.SI":"新加坡交易所","LU1543694498.USD":"法巴水资源基金RH MD Dis","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","BK6052":"资产管理与托管银行","LU2242646235.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) ACC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU2242646821.SGD":"Fidelity Global Dividend Plus A-MINCOME(G)-SGD","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","D05.SI":"星展集团控股","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC","LU2242652126.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) INC","AIY.SI":"奕丰集团","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","BK6516":"银行与投资服务概念","LU0557290698.USD":"施罗德环球可持续增长基金","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC"},"source_url":"https://thesmartinvestor.com.sg/the-mas-unleashes-a-s5-billion-programme-to-boost-the-stock-market-4-singapore-stocks-that-will-benefit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2513848718","content_text":"The wait has been worth it.In August last year, the Monetary Authority of Singapore (MAS) announced the formation of a review group to recommend measures to strengthen equities market development in Singapore.This group, Equities Market Review Group (EMRG), was chaired by the Minister for Transport and Second Minister for Finance Chee Hong Tat, and will comprise private sector stakeholders and public sector representatives.Last Friday, the EMRG unveiled its first set of measures after conducting extensive consultations with industry stakeholders.These measures aim to stoke investor demand and improve the attractiveness of the local bourse for initial public offerings (IPOs).We discuss these measures and highlight four Singapore stocks that look set to benefit.A bazooka to boost market demandFirst off, MAS and the Financial Sector Development Fund will launch a S$5 billion Equity Market Development Programme (EQDP) where MAS partners with select fund managers with investment mandates that focus on Singapore stocks.These should be actively managed strategies and invest not just in blue-chip stocks but a wider range of companies.These fund managers will also enjoy tax exemptions on qualifying income from funds that invest substantially in Singapore-listed equities.The Global Investor Programme (GIP) will also be tweaked to attract more capital inflows into Singapore-listed equities.GIP stipulates that single-family offices have to be established with assets under management (AUM) of at least S$200 million, of which S$50 million should be invested in equities listed on the Singapore Exchange (SGX: S68), or SGX.Measures to attract quality IPOsApart from boosting demand, MAS also came up with incentives to attract companies to list on SGX.There will be a 20% corporate income tax rebate for new primary listings and a 10% tax rebate for secondary listings, both of which should help to defray costs for enterprises.For new fund manager listings in Singapore, there will be an enhanced 5% concessionary tax rate on qualifying income but these funds should distribute a portion of its profits as dividends.Strengthening investor confidenceThe next step involves strengthening investor confidence to encourage more investors to park their money in Singapore equities.Listing suitable and prospectus disclosures will be consolidated under SGX Regulation (SGX RegCo) to provide prospective issuers with a clearer timeline for the listing process.Prospectus requirements will also be streamlined and SGX RegCo’s qualitative criteria for listings will be reviewed to simplify the requirements.The streamlining means that IPOs will take six to eight weeks but will provide prospective issuers with clearer guidelines and timelines.Other proposals being consideredRemember that the above constitutes just the initial set of measures by the EMRG.The group will consider other proposals that include the introduction of programmes to increase companies’ shareholder engagement capabilities.It is also looking at potentially reducing board lot sizes to attract higher retail liquidity.Other measures may include the improvement of post-trade custody efficiency along with the development of cross-border partnerships.These proposals should be ready before the end of 2025.Companies that are expected to benefitThe EMRG has come up with a comprehensive set of measures targeted at addressing both the demand and supply side.The S$5 billion EQDP should help to attract higher inflows into Singapore, thereby benefitting banks such as DBS Group (SGX: D05).For 2024, DBS’s wealth management AUM increased by 17% year on year to a record S$426 billion.Higher inflows should further increase this AUM and allow the lender to record higher non-interest income from wealth management activities.Similarly, these increased inflows should benefit iFAST Corporation Limited (SGX: AIY).The financial technology company saw its assets under administration (AUA) jump 26.2% year on year to a record S$25.01 billion as of 31 December 2024.Net inflows for 2024 amounted to S$3.3 billion.The EQDP may enhance iFAST’s inflows and result in the group reporting continued increases in its AUA.As for SGX, higher trading liquidity will increase trading volumes, thereby benefitting the bourse operator.For the first half of fiscal 2025, SGX saw a 27.5% year-on-year increase in volumes for exchange-traded currencies and commodities.Its equity derivatives volume climbed 17.4% year on year to 91.2 million contracts but the total traded volume for the equities market dipped by around 2% year on year.Listings amounted to just five which raised a measly S$19.7 million.Should these measures have their intended effect, SGX could see volumes surge while the number of listings should shoot up.As trading volumes increase, UOB Kay Hian (SGX: U10) will also benefit from higher revenues generated by trading commissions and fees.Get Smart: Kicking off a virtuous cycleThis first set of measures by MAS provides hope that the local bourse can enjoy a revival.What the exchange sorely needs is a confidence boost to attract more listing aspirants to float their shares in Singapore.Should these businesses choose to list in Singapore, it will kick off a virtuous cycle where liquidity attracts more liquidity and leads to higher valuations.With higher valuations, more companies will be attracted to raise money on SGX, thereby further improving liquidity.It’s still early days, and investors are eagerly awaiting the next set of measures, but MAS may be headed in the right direction in solving the SGX’s 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