Our economy is robust in a downturn?
Hopefully yes, slowdown in manufacturing (24%) and Financial (12%)
offset by Wholesale (16%), Transport (9%), Info Comms (4%)

Penny stocks in SGX

787 listed entities on the SGX (excluding warrants)
658 or 84 per cent trade for less that $1

SGX does not have a rule similar to Nasdaq's
shares trade below US$1 for 30 consecutive business days faces delisting

72% of shares trade less than 50c
47% of shares trade less than 20c (minimum allowable IPO price)

50 China stocks that form the FTSE ST China index
Only four sell for above $1
92 per cent of SGX-listed China stocks are pennies.
SGX-listed China sector of sub-standard investment grade.

Sports, rental HDB, Emigration

40,000 HDB rented flats
$5mn spent on table tennis and some sports
$200mn total sports budget over 10 yrs
1,000 Singaporean emigrate every year