Catalist stocks ride on renewed market interest, but more needs to be done to spur mainboard transfers
Challenges faced in transitioning include low liquidity, limited visibility and investor perception issues, which hinder capital raising efforts
[SINGAPORE] Since it transferred from the Singapore Exchange (SGX) Catalist board to the mainboard in June, Malaysia-based Oiltek International has seen its average daily trading volume almost treble.
Market capitalisation of the vegetable oil process engineering and renewable energy solutions provider has soared to S$366.8 million as its shares climbed to close at S$0.855 on Friday (Oct 17), from S$0.555 just before its mainboard transfer.
Mechanical and electrical engineering services provider Ever Glory United , which applied for a transfer to the mainboard last week, will be hoping to replicate this success.
