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S’pore’s stock market bull run is just getting started, with room for more upside: Fund chief

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ICH Group co-founder Vincent Toe says if the bull run is sustained, it may unlock a cycle of deeper liquidity, rising valuations and firmer investor confidence.

ICH Group co-founder Vincent Toe says if the bull run is sustained, it may unlock a cycle of deeper liquidity, rising valuations and firmer investor confidence.

PHOTO: ICH GROUP

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SINGAPORE - Singapore’s stock market is on the cusp of a bull run that, if sustained, may unlock a cycle of deeper liquidity, rising valuations and firmer investor confidence – conditions that set the stage for stronger returns.

A bull market, marked by a 20 per cent or more rise in share prices, can last for years and “be very positive for the economy”, as it would enable listed companies to access capital to acquire or expand, and encourage younger firms to level up by going public.

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