What's lacking in our post-SPM students?

Let me qualify the above statement. I don't think anything is lacking (not in the negative sense). The perception of something lacking comes from differences in expectation - parents, teachers/lecturers, and students themselves.

Parents - expect them to be obedient, good students (i.e. good results), self-reliant, etc. In short, all the good stuff they can be proud about (and brag about).

Teachers - expect them to be well-behaved, score good grades, bring glory to the school, etc. In short, all the positive traits they can be proud of (and ....).

Students - just trying to find themselves, and trying to have fun while doing it. Most of the time, not getting enough guidance and encouragement.