Singapore Exchange (SGX)

Uncovering gems

The MAS and SGX initiatives to boost equity research seem welcome, but response has been lukewarm. And, the market has changed.

SINGAPORE (Sept 23): Ho Khin Wai is an equity investment analyst at Dr Wealth, a financial education site. He started researching and writing about value investing not long after he graduated from the National University of Singapore with a degree in finance.

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SGX's sustainability push helps secure win; DBS records highest shareholders' return

SINGAPORE (Sept 16): With an overall score of 40.41 points, the Singapore Exchange has emerged as the finance sector winner of The Edge Singapore’s Billion Dollar Club award. The stock exchange operator beat the three local banks — DBS Group Holdings, United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC) — which came in at second, third and fourth places, respectively.

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SGX RegCo to focus on increasing regulatory presence across marketplace next year

In the open letter from SGX RegCo, chairman Tan Cheng Han & CEO Tan Boon Gin say the regulator plans to focus on three areas next year. These include the establishment of a whistle-blowing office for listed companies, codification of expectations of property valuers, and the enhancement of new rules governing Issue Managers in matters dealing with an IPO they sponsor. Here is the letter in full


Sept 9

Local engineering firm to raise $4 million through private listing on 1exchange

SINGAPORE (Aug 28): ST Integrated Engineering says it is raising $4 million on a regulated local private securities exchange, 1exchange. This comes just months after asset management firm Aggregate Asset Management announced plans to raise $5.2 million on the exchange.

ST Integrated Engineering - not related to Temasek-back conglomerate ST Engineering - offers integrated facilities management and IT services to customers in Singapore, Malaysia, Saudia Arabia and UAE.

Sustainability is key to sustain a thriving SGX for the next 20 years

(Aug 23): To the alarmist, the future is bleak. The water crisis in Chennai, India left hundreds dead as the temperature reached 50 degrees Celsius in some areas while reservoirs that supply the city’s drinking water completely dried up. This is only the latest in a series of climate catastrophes this year, from more intense wildfires to frequent high-tide floodings. The harsh truth is - as most major reports have suggested - the world is well on its way to raise average surface temperatures and we are most unlikely to reach “net-zero” emissions by 2050.

SGX should maintain a minimum trading price rule, but not for the originally intended reasons

SINGAPORE (Aug 19): Did you know that the lowest price at which a stock can trade in the local market is $0.001, or one-tenth of one cent? Until very recently, I didn’t. It was one of those things that I never felt I needed to know.

SGX should maintain a minimum trading price rule, but not for the originally intended reasons

SINGAPORE (Aug 19): Did you know that the lowest price at which a stock can trade in the local market is $0.001, or one-tenth of one cent? Until very recently, I didn’t. It was one of those things that I never felt I needed to know.

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SGX equity index futures volumes up for 5th straight month in July

SINGAPORE (Aug 8): Market participants in the month of July turned to exchange-traded solutions to manage volatility across multiple asset classes, resulting in strong volume gains for selected products on the Singapore Exchange.

As hedging activities increased, total SGX equity index futures volumes grew 4% y-o-y to 13.5 million contracts, a fifth straight month of annual gains. MSCI Singapore index futures also hit a record volume in July with 31% y-o-y increase to 1.0 million contracts.

SGX shares could soon be running out of positives despite record FY19 earnings

SINGAPORE (Aug 7): On the back of its booming derivatives business, Singapore Exchange (SGX) posted its highest full-year net profit in 11 years.

For the FY19 ended June, SGX saw its earnings rise 8% year-on-year to a record $391 million, in tandem with a 8% rise in revenue to $909.8 million – the highest since its listing.

The stellar results came on the back of robust derivatives volume, as traded volume grew 21% to 240 million contracts to offset a 15% decline in equity traded value.

Singapore studies tightening bonds, REITs regulation

(Aug 7): Singapore is examining ways to tighten regulation of retail bond issues and the real estate investment trust sector as it steps up investor protection in the city-state.

The Singapore Exchange’s regulatory arm, SGX RegCo, will create a working group to review and improve disclosures relating to retail bonds, SGX RegCo's Chief Executive Officer Tan Boon Gin said in a statement setting out his organisation’s goals for the remainder of the year.

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