{
  "id": 12318459,
  "title": "MAS’ third EQDP shot could inject S$435m into small, mid-caps, lifting underperforming segment: JPM",
  "url": "https://urgent.news/2026/10/06/mas-third-eqdp-shot-could-inject-s-435m-into-small-mid-caps-lifting",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T05:36:50.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/mas-third-eqdp-shot-could-inject-s435m-small-mid-caps-lifting-underperforming-segment-jpm"
  },
  "original_language": "en",
  "account": "JPMorgan Chase predicts a S$435 million influx into Singapore’s small and mid-cap stocks (SMIDs) following the third tranche of the Equity Market Development Programme (EQDP). The first two allocations of S$4.5 billion in seed funds have already spurred liquidity, but SMIDs have underperformed the benchmark index. Analysts estimate that if 30% of the third tranche is allocated to SMIDs, it could result in approximately S$435 million. The Straits Times Index (STI) has surged by over 30% since the program began, reaching an all-time high of 5,801.96. SMIDs, however, have lagged, trailing the index by 25% year to date. The Monetary Authority of Singapore (MAS) has allocated S$1.45 billion to the third batch of EQDP asset managers, bringing the total program allocation to S$5.4 billion. SMIDs with strong earnings, healthy balance sheets, and low interest rate exposure are expected to attract investor interest. MAS will also provide S$20 million to support market-making activities for eligible SMIDs. The analysts maintain a 12-month target for the STI at 6,500 and recommend an overweight position in Singapore equities within Southeast Asia.",
  "summary": "The liquidity injection, however, will take some time to trickle down",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "MAS’ third EQDP shot of S$1.45 billion a catalyst for small and mid-caps to catch up: JPMorgan",
        "url": "https://urgent.news/2026/10/06/mas-third-eqdp-shot-of-s-1-45-billion-a-catalyst-for-small-and-mid",
        "published": "2026-10-06T05:36:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}