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| From PhillipCapital |
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| Group selfies with from Left: PSPL Head and Chief investment director Daryl and fund managers Hock Fai (Manulife) and Kenneth Tang (Amova) Just sat through one of the most useful fireside chats on Singapore equities in months. Great to connect with veterans and fellow practitioners. PhillipCapital brought together Chan Hock Fai (Manulife) and Kenneth Tang (Amova) to talk "Singapore in Focus: Global Macro Trends Reshaping the Market." My three raw takeaways—no sugarcoating: 1. Singapore as a safe haven Lower volatility than the S&P 500 + attractive dividend yield = better risk-adjusted returns. Not exciting. Just effective. 2. Structural change is real Share buybacks, dividends, and divestments of non-core assets (Singtel, Keppel cited). CEOs finally acting like owners. 3. EQDP is the quiet trigger Not just policy. A behavioral shift for listed companies, investors, and intermediaries. Institutional shadows are returning. The bottom line: Singapore won't be a growth rocket. But for patient capital seeking yield and stability? The scaffolding is finally there. Click on link below to see my full breakdown. https://bit.ly/ericshareEP50_SGMacroEQDP |