SGX Loses $4.2 Billion in Value as Analysts Balk at Valuation
Shares of Singapore Exchange Ltd. slipped on Monday, extending a slump thatโs erased about $4.2 billion in market value since an August peak on rising concern over lofty valuations.
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Shares of Singapore Exchange Ltd. slipped on Monday, extending a slump thatโs erased about $4.2 billion in market value since an August peak on rising concern over lofty valuations.
The shares sell for half the multiple they fetched in 2025.
A South Korean hedge fund is urging Samsung Electronics Co. to buy back and cancel preferred shares, becoming one of the first shareholders to directly press for the step in hopes of boosting valuation.
Apollo Asset Management co-President Scott Kleinman discusses the US economy, the rising cost of capital and why he sees valuation issues for legacy portfolio companies impacting returns. He speaks with Bloomberg's Guy Johnson from the sidelines of the IPEM conference in Paris. (Source: Bloomberg)