While Singapore's recent economic developments in the equity and gaming sectors suggest potential growth, a more cautious approach is warranted. The implementation of the S$6.5 billion Equity Market Development Programme (EQDP) has strengthened the capital market, leading to a re-rating of local equities. This enhancement has made investors more discerning, raising the bar for new initial public offerings (IPOs). Concurrently, the gaming sector is poised for growth, with projections indicating an increase in gross gaming revenue (GGR) due to higher visitations and strategic investments by major integrated resorts.
**Challenges in the Capital Market**
The EQDP, launched in February 2025, has led to a re-rating of local equities, making the market more attractive to investors. However, this development has also made investors more selective regarding new IPOs. Carmen Lee, head of equity research at OCBC,