Sgx | ICT magazine

Posts Tagged ‘sgx’

China Gaoxian provides updates on KRX dual listing proposal in response to SGX queries on …

September 24th, 2010 | No Comments

China Gaoxian has provided further updates relating to the proposed Korea Exchange dual listing in response to the queries from the SGX on the unusual trading volume of its shares yesterday.

China Gaoxian says it is working closely with its professional advisers to prepare its submission documents to the Korean regulatory authorities for the proposed KRX Dual Listing. However, the company has not made a formal application to the Korean regulatory authorities for the proposed KRX Dual Listing as yet.

SGX bolsters securities borrowing and lending service

September 23rd, 2010 | No Comments

Singapore Exchange (SGX) said today it is enhancing its Securities Borrowing and Lending (SBL) service to bring additional benefits for investors and SGX central depository account holders.

With the enhanced service, over 80% of the total listed stocks on SGX Mainboard and Catalist are now eligible for lending or borrowing via The Central Depository (CDP). The number of stocks eligible for lending increased from approximately 150 to over 600. Investors now have expanded opportunity to lend out their stocks and institutional borrowers can have access to a larger pool of different stocks from CDP.

Sept 23: Developers, hotel operators, SembMarine, SGX, Fragrance

September 23rd, 2010 | No Comments

Singapore shares may open lower on Thursday, as technology stocks on Wall Street led declines in US indices overnight and investors remain cautious after the Federal Reserve’s statement. Singapore’s benchmark Straits Times Index <.FTSTI> was flat, closing 0.02% higher at 3,096.10 on Wednesday to 3,096.10 points. Here are some stocks and factors to watch:

Developers: Singapore’s home prices are set to fall “a little” after the government last month introduced fresh measures to cool the real-estate market, the local press quoted Liew Mun Leong, chief executive officer of CapitaLand, as saying. Allgreen Properties (AG SP), controlled by Malaysian billionaire Robert Kuok, increased 1.8% to $1.16. CapitaLand (CAPL SP), Southeast Asia’s biggest developer, climbed 1.5% to $4.04. City Developments (CIT SP), Singapore’s second-largest homebuilder, rose 0.3% to $12.

SGX CEO warns of tough competition, need to do better

September 23rd, 2010 | No Comments

Singapore Exchange (SGXL.SI), Asia’s second largest bourse operator by market cap, must put in more effort to boost trading volumes as rivals are catching up, CEO Magnus Bocker said in the firm’s annual report.

“SGX is perhaps no longer as prominent as it used to be. In terms of rankings, for example, exchanges in the region as well as alternative trading platforms are rapidly catching up with us,” he said in the firm’s report for the financial year ended June 2010.

SGX upgraded to Buy by DBS Vickers with $9.60 target

September 22nd, 2010 | No Comments

DBS Vickers upgrades Singapore Exchange (S68.SG) to Buy from Fully Valued, lifts target price to $9.60 from $6.90 after changing valuation method to dividend discount model from P/E basis, according to Dow Jones.

DBS Vickers says recent initiatives by bourse operator positive for growth prospects.

These include allowing ADR trading in Singapore, clearing over-the-counter traded financial derivatives, launching corporate bond trading for retail investors, all due from October.

Broker says SGX remains cheapest stock exchange in Asia, trading at about 20X P/E vs 31x for Hong Kong Exchanges & Clearing (0388.HK), 25x for Bursa Malaysia (1818.KU). Shares +2.2% at $8.69.

{jcomments on}

SGX to trade corporate bonds in smaller denominations

September 21st, 2010 | No Comments

Singapore Exchange (SGXL.SI) said on Tuesday it will introduce trading of corporate bonds in smaller denominations from Oct 1 in a bid to develop a bond market for retail investors.

The first bond, which will be traded in lots of $1,000 instead of the usual $250,000, will be offered by national carrier Singapore Airlines (SIAL.SI). SIA will offer $300 million of five-year bonds with a coupon of 2.15%.

SGX launches corporate bonds for retail investors, starting with SIA

September 21st, 2010 | No Comments

Singapore Exchange (SGX) today said that corporate bonds for retail investors will be available, for the first time, on SGX primary and secondary markets.

These corporate bonds, issued by SGX-listed companies and other organisations, will be traded in smaller denominations, making it attractive to the growing pool of retail investors in Asia. SGX offers an easily accessible, cost efficient and transparent bond market. Real-time prices as well as volume and price information will be made available on its website.

In this regard, Singapore Airlines has today announced an offer of $300 million in bonds due in 2015, a portion of which is to be offered to the public. The public offer will open on 22 September. This issue of corporate bonds will be tradable on SGX Mainboard on 1 October.

SGX +0.4%; OTC derivatives clearing not priced in

September 21st, 2010 | No Comments

Singapore Exchange (S68.SG) +0.4% at $8.46, drawing strength from broader market’s advance, but light volume suggests investors yet to warm up to bourse operator’s move to clear over-the-counter trades in financial derivatives from next month, according to Dow Jones.

SGX to clear interest rate swaps starting October

September 20th, 2010 | No Comments

Singapore Exchange (SGXL.SI) said on Monday it will begin clearing over-the-counter trades in financial derivatives in October as part of a plan to broaden its range of financial products.

SGX, Asia’s second-largest bourse operator by market cap, will start by clearing U.S. and Singapore dollar interest rate swaps, and it plans expand the service to include foreign currency options and forwards, SGX President Muthukrishnan Ramaswami told Reuters.

SGX target raised to $9.50 cs $8.90 by Deutsche Bank

September 15th, 2010 | No Comments

Deutsche Bank lifts Singapore Exchange (S68.SG) target price to $9.50 from $8.90 after increasing fiscal FY12-FY13 EPS estimates by 10%-15% to account for earnings upside from bourse operator’s move to allow for ADRs trading in Singapore, says Dow Jones.

Deutsche Bank says “while it remains to be seen how much turnover the GlobeQuote ADRs attract, the potential is significant.”

Research house expects every 10% rise in securities market turnover to boost SGX’s net profit by 8%. Keeps stock at Buy. Trading of ADRs of 19 major Asian companies will be available from Oct 22. Shares last +0.6% at $8.25.

{jcomments on}

SGX +0.1%; Take-up for ADRs closely watched

September 15th, 2010 | No Comments

Singapore Exchange (S68.SG) +0.2% at $8.22, extending yesterday’s 3.4% gain, on continued optimism over prospect of increased market activity with launch of ADR trading in Singapore in Oct 22.

“In theory, this looks very attractive — price discovery of Asian ADRs during Asian trading hours. Also, this initiative gives SGX access to a trading pool bigger than itself. But the key will be attracting investors to trade ADRs in Singapore,” says Credit Suisse; has Outperform call with $9.40 target.

With share price now around 5-month high, profit-taking can’t be ruled out in near term. Firm resistance at April high of $8.45, support at $8.00.

{jcomments on}

STI off 0.3%; 3,043 support; SGX soars on ADRs

September 14th, 2010 | No Comments

Singapore stocks paring losses as players nibbling on dips. Market breadth flat vs slightly negative at end of morning session, according to Dow Jones.

STI off 0.3% at 3,058.13, expected to hold above 3,043 August high. “Trades are likely to stay in the red for the rest of the afternoon on the back of negative Dow futures. However, excessive downside is likely to be capped by bargain-hunting activities,” says CIMB.

SGX to launch new board with ADRs of 19 firms

September 14th, 2010 | No Comments

Singapore Exchange (S68.SG) said Tuesday its new board, GlobalQuote, will begin operations on Oct 22 with the American depositary receipts of 19 major Asian companies, in the latest attempt by the bourse to boost trading volumes and liquidity.

The Singapore Exchange is aggressively pursuing opportunities to become an Asian Gateway for international issures and investors as bourses around the region compete to list blue chips on their respective exchanges.

SGX +2.5%; 19 ADRs to be quoted from Oct 22

September 14th, 2010 | No Comments

Singapore Exchange (S68.SG) heads back into positive territory, +2.5% at $8.13 vs down 0.1% at $7.92 midday, on hopes of increased trading activity in Singapore as bourse operator enables American Depository Receipts of 19 major Asian companies to be quoted in Singapore from Oct 22, according to Dow Jones.

Move, announced during lunch break, will allow investors to act on newsflow about companies like Baidu, Aluminum Corp of China, China Eastern Airlines, China Mobile during Asian hours.

SGX to quote ADRs of Asian companies from Oct 22

September 14th, 2010 | No Comments

Singapore Exchange said it will quote American Depositary Receipts of 19 Asian companies, including Baidu Inc. and Suntech Power Holdings Co., on its new GlobalQuote board from Oct 22.

{jcomments on}

Outgoing Singapore Air CEO to become new SGX chairman

September 6th, 2010 | No Comments

Singapore Exchange (SGXL.SI), Asia’s second-largest listed bourse operator, said on Monday that Singapore Airlines (SIAL.SI) CEO Chew Choon Seng will become its chairman from Jan 1, replacing J.Y. Pillay who is retiring.

SIA, Singapore’s flag carrier, said last week that Chew will retire at the end of this year. Chew, 63, has been on SGX’s board since December 2004.

SGX names Chew Choon Seng Chairman from Jan 1

September 6th, 2010 | No Comments

Singapore Exchange said Chew Choon Seng will become chairman on Jan. 1, replacing J.Y. Pillay, who is retiring.

{jcomments on}

SGX says Chairman Pillay to retire at end of 2010

September 6th, 2010 | No Comments

Singapore Exchange (SGXL.SI), Asia’s second-largest listed bourse operator, said on Monday its chairman, J.Y. Pillay, will retire at the end of this year.

Pillay, 76, was appointed SGX chairman in November 1999. He was a top civil servant and his previous positions included the chairmanship of Singapore Airlines.

{jcomments on}

Sept 3: Sembcorp, Super Group, Eratat Lifestyle, NeraTel, SGX, wilmar

September 3rd, 2010 | No Comments

Singapore shares may open stronger on Friday after Wall Street rose overnight, helped by a surprise rise in US pending home sales.

But gains in the Straits Times Index <.FTSTI> may be limited as Singapore’s purchasing managers’ index (PMI) for August indicated the manufacturing economy contracted for the first time after 15 months of expansion.

The Institute of Purchasing & Materials Management said on Thursday that overall new orders, new export orders, production and employment all had readings below 50 in August.

SGX sees continued growth in derivatives trading and OTC clearing

September 2nd, 2010 | No Comments

Singapore Exchange (SGX) today said its derivatives trading and OTC clearing businesses grew steadily in August 2010.

Securities trading remains healthy month-on-month. Daily average value traded for August was $1.5 billion, 10% higher than in July.

Overall derivatives trading volume grew 19% year-on-year to 5.3 million contracts.

Overall options trading volume increased year-on-year to 24,000 contracts, as compared to 3000 contracts a year ago.

AsiaClear achieved 132% increase year-on-year with close to 17,000 contracts cleared.

{jcomments on}

Posts Tagged ‘sgx’

China Gaoxian provides updates on KRX dual listing proposal in response to SGX queries on …

SGX bolsters securities borrowing and lending service

Sept 23: Developers, hotel operators, SembMarine, SGX, Fragrance

SGX CEO warns of tough competition, need to do better

SGX upgraded to Buy by DBS Vickers with $9.60 target

SGX to trade corporate bonds in smaller denominations

SGX launches corporate bonds for retail investors, starting with SIA

SGX +0.4%; OTC derivatives clearing not priced in

SGX to clear interest rate swaps starting October

SGX target raised to $9.50 cs $8.90 by Deutsche Bank

SGX +0.1%; Take-up for ADRs closely watched

STI off 0.3%; 3,043 support; SGX soars on ADRs

SGX to launch new board with ADRs of 19 firms

SGX +2.5%; 19 ADRs to be quoted from Oct 22

SGX to quote ADRs of Asian companies from Oct 22

Outgoing Singapore Air CEO to become new SGX chairman

SGX names Chew Choon Seng Chairman from Jan 1

SGX says Chairman Pillay to retire at end of 2010

SGX sees continued growth in derivatives trading and OTC clearing

Latest Video

Recent Posts