More details on the “Value Unlock” programme for listed companies will be unveiled in November, announced Minister for National Development and deputy chairman of the Monetary Authority of Singapore (MAS), Chee Hong Tat, at DBS’s event, Gearing Up for 2026, on Oct 22.
At the Singapore Institute of Directors’ (SID) conference on Sept 12, Chee said that the equities market review group is developing a set of measures to support Singapore’s listed companies in unlocking shareholder value.
In his speech at the time, Chee listed three key elements which should help companies unlock shareholder value. The first is to help companies build stronger capabilities, including enabling their C-suite executives and board directors, to achieve their strategic and communication objectives.
Another way to unlock value is communications, said Chee at the time. “Too often, companies make the wrong assumption that if they have strong revenue growth and healthy earnings, these will automatically translate into better share prices,” he stressed.
To that said, companies have to be able to “show and share” to help others “understand and buy into the vision of what we’re building”.
“Beyond having good substance, I think it is also helping others to understand what we can deliver and what value will be created,” said Chee.
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Finally, companies should look at building communities and fostering collaborative networks to unlock value. “Transformation is most powerful when supported by networks that help foster peer learning and knowledge exchange,” he added.
Second batch of EQDP manager appointments on track; MAS to consult on proposals to enhance investor recourse
At the DBS event, Chee also said that the second batch of manager appointments under the $5 billion Equity Market Development Programme (EQDP) are expected to include a mix of global, regional and local managers with “good capabilities” in Singapore equities. The appointments are on track to be made later this year.
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The MAS will also consult on proposals to enhance investor recourse avenues soon. However, this should come with “proper safeguards”, done in a manner that Singapore does not become an “overly litigious society”.
“These proposals seek to facilitate investor self-organisation and access to funding to defray costs,” says Chee.
The MAS and the Singapore Exchange Regulation (SGX RegCo) will be issuing public consultations in the next few weeks, that will lay out proposals to consolidate the listing review functions within SGX RegCo.
“These proposals seek to streamline the listing process which currently involves both MAS and SGX RegCo,” he adds.
