Back in February this year, the Monetary Authority of Singapore (MAS) announced the formation of an Equities Market Review Group (EMRG) that will work on measures to improve liquidity and valuations.
Just this week, MAS appointed the first three fund managers and will allocate an initial sum of S$1.1 billion under the Equity Market Development Programme (EQDP).
These funds have a mandate to improve liquidity on the local bourse and broaden participation in Singapore equities, with a focus on allocation to small and mid-sized companies.
Here are five such companies that we believe can benefit from this injection of liquidity.
Food Empire (SGX: F03)
Food Empire is a food and beverage (F&B) manufacturing and distribution group.
The group’s portfolio of products includes instant beverages, snack foods, and food ingredients that are sold in over 60 countries. Food Empire operates nine manufacturing facilities in six countries….
