Primary market provides more certainty, says Hongchoy

George Hongchoy of DBS say capital gains from properly-priced IPOs are more predictable than returns from stocks bought on the secondary market.

Four weeks ago, Asian equity markets saw a sharp drop that was to some extent led by Chinese stocks. While prices have partially corrected since then, markets remain jittery. Here, George Hongchoy, managing director and head of DBS Asia Capital û DBS BankÆs wholly owned investment banking arm in North Asia - gives his views on the current status of the market and what we might expect with regard to Hong Kong and China in the months ahead.

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