Singapore Exchange (SGX)

SGX May derivatives volume spike over US-China trade war concerns

SINGAPORE (June 10): The Singapore Exchange (SGX) reported a 46% y-o-y growth in total derivatives traded volume in May 2019.

In a press release on Monday, the bourse attributes the significant growth in volumes across derivatives products to increased demand for risk management as a result of the ongoing US-China trade war.  

While most Asian equity indices saw broad-based declines for the month of May, the total securities market turnover value in Singapore was up 5% m-o-m to $23.1 million.

Why we should hold on to quarterly reporting

SINGAPORE (June 10): One of the last things we used to do before closing each issue of The Edge Singapore in our early days was hammer out a little column called “Behind the Stories”. As its name suggests, its purpose was to explain why we had pursued the key stories in our pages in any given week, and provide some additional context and insight for which there might not have been room in the stories themselves.

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Hyphens flies Asian flag in pharma industry

SINGAPORE (May 29): Healthcare veteran Lim See Wah's rejection from medical school more than three decades ago turned out to be a significant pivot in his entrepreneurial journey.

Settling instead for a place in the Department of Pharmacy at the National University of Singapore's Faculty of Science, Lim discovered a passion for pharmaceuticals in the ensuing years.

"I grew up wanting to be a doctor. But pharmacy turned out to be an exciting and inspiring discipline," he recalled.

Alliance Healthcare launches IPO at 20 cents per share to raise $4.5 mil

SINGAPORE (May 24): Healthcare solutions provider Alliance Healthcare Group has lodged its offer document to list on the Catalist board of the Singapore Exchange (SGX).

The initial public offering (IPO) will see Alliance Healthcare putting up a total of 32 million invitation shares at 20 cents each.

31 million shares will be offered by way of placement, while the remaining 1 million shares will be open to public.

Shaping the SGX investors want

SINGAPORE (May 24): For years, the Singapore Exchange has relied on a disclosure-based approach to regulate the behaviour of its listed members.

In a disclosure-based regime, the responsibility is on listed companies to keep shareholders up to speed on what’s going on with the business by making timely announcements of material changes or developments.

But since the penny stock crash of 2013, the SGX has launched more measures to ensure the market functions in an orderly manner.

SGX tie-up enables US tech firms to access Singapore capital

SINGAPORE (May 16): While Singapore has seen one or two sizeable listings this year amid a spate of privatisation offers, Singapore Exchange has been working hard to attract potential IPO applicants from the US.

In particular, SGX’s efforts have been carried out via a partnership with Third500, a Singapore-based affiliate of US investment bank Healthios Capital Markets. Third500 was previously known as Healthios Capital Markets.

Investors can now open CDP accounts online without paper documents

SINGAPORE (May 6): Investors can now open an individual Central Depository (CDP) account with Singapore Exchange (SGX) online, without the need to provide paper documents.

Applications for CDP accounts can now be submitted online, enabling greater convenience and security for retail customers.

For Singapore citizens and residents, they can leverage MyInfo – a government digital service that allows users to manage their personal data for online transactions – for a seamless experience.

Why Singapore is a magnet for REIT listings

SINGAPORE (May 3): Singapore Exchange is the largest global REIT platform in Asia, with a market capitalisation of US$70 billion ($95.4 billion).

“We have the largest global REIT platform. You could start with a US portfolio and decide 10 years later to pick up European assets, and investors here would not have a problem with that,” says Ronald Tan, director of Equity Capital Market at the SGX, during Manulife US Real Estate Investment Trust’s Investor Day event.

High expenses, potential competition remain concerns for SGX this year

SINGAPORE (April 29): OCBC Investment Research is downgrading its call on Singapore Exchange (SGX) to “hold” while lowering its fair value estimate to $7.60 from $7.98 previously, in view of a muted outlook.

Meanwhile, DBS Vickers Securities and CGS-CIMB Research are maintaining their “hold” and “add” calls on the stock with price targets of $7.05 and $7.90, respectively.

Singapore Exchange 3Q earnings dip 1% to $99.7 mil

SINGAPORE (Apr 25): Singapore Exchange (SGX) reported 3Q19 earnings of $99.7 million, 1% lower than $100.5 million in 3Q18.

However, on a year-to-date basis, 9M19 earnings came in at $287.2 million, 3% higher than $279.5 million in 9M18.

During the quarter, operating revenue increased by 3% to $228.8 million compared to $222.2 million in the previous year, mainly due to higher contribution from the exchange’s derivatives and market data & connectivity segments.

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