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SGX
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SGX
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Joelton
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22-Apr-2020 10:15
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SGX could see more than 30% jump in Q3 net profitWED, APR 22, 2020 - 5:50 AM  Singapore SINCE the onslaught of the novel coronavirus, the Singapore Exchange (SGX) has been the most defensive constituent of the Straits Times Index (STI). At S$10.06 on Tuesday, the stock has gained 13.5 per cent year- to-date, far outperforming the STI' s 20.8 per cent decline... https://www.businesstimes.com.sg/companies-markets/sgx-could-see-more-than-30-jump-in-q3-net-profit |
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Joelton
Supreme |
22-Apr-2020 10:13
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Generic disclosures ascribed to Covid-19 not good enough: SGX RegCoWED, APR 22, 2020 - 5:50 AM Imperative for companies to provide investors with timely disclosures and regular business updates Singapore ISSUERS should avoid generic statements that they expect their financial results to be materially impacted due to Covid-19 without providing detailed assessment on how their operations would be affected, Tan Boon Gin, chief executive of the Singapore Exchange Regulation (SGX... https://www.businesstimes.com.sg/companies-markets/generic-disclosures-ascribed-to-covid-19-not-good-enough-sgx-regco |
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Joelton
Supreme |
22-Apr-2020 10:10
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What SGX expects of issuers' disclosures during Covid-19 WED, APR 22, 2020 - 5:50 AM They must provide prompt and high-quality information, especially on how the pandemic is affecting their operations and their balance sheet. THE Covid-19 outbreak has given rise to high levels of volatility in the global financial markets. Covid-19 and the resultant actions taken by the governments and businesses around the world to protect public health and safety are unprecedented on many fronts. Companies and individuals alike... https://www.businesstimes.com.sg/opinion/what-sgx-expects-of-issuers-disclosures-during-covid-19 |
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Joelton
Supreme |
18-Apr-2020 13:57
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SGX' s first DCS listing is a letdownJeffrey Tan  17/04/2020, 7:00am SINGAPORE (April 17): When the dual-class shares (DCS) structure for Singapore-listed companies was first mooted in 2016, the proposal generated quite a buzz. This came at a time when the Singapore Exchange (SGX), itself suffering from a dearth of major IPOs, was salivating at the prospects of clinching a blockbuster IPO similar to that of  Alibaba Group Holding&rsquo s listing on the New York Stock Exchange in 2014. https://www.theedgesingapore.com/views/print-week/sgx-first-dcs-listing-letdown |
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Joelton
Supreme |
17-Apr-2020 09:48
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Will SGX look into problems of virtual AGMs and bunching? FRI, APR 17, 2020 - 5:50 AM ANNUAL general meetings are the most important forums for shareholders of listed companies to raise questions about their companies relating to financial performance, operational strategy and overall management. Most companies have their year-ends in December and hence, they have to hold... https://www.businesstimes.com.sg/opinion/will-sgx-look-into-problems-of-virtual-agms-and-bunching |
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Joelton
Supreme |
15-Apr-2020 10:08
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SGX-listed firms adapt to updated guidelines for virtual meetingsWED, APR 15, 2020 - 5:50 AM Some are deferring their AGMs others are doing webcasts, and some are undecided A NUMBER of listed companies are making changes to their annual general meeting (AGM) plans following the release of detailed guidelines from the regulators: Some are opting to defer their AGMs to dates beyond the circuit-breaker period, others have announced new arrangements involving webcasts... https://www.businesstimes.com.sg/companies-markets/sgx-listed-firms-adapt-to-updated-guidelines-for-virtual-meetings |
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tkokjin
Member |
14-Apr-2020 10:38
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Just kill the shorties big time today.... The shorties have been making lots of hard earned money from the longies... | ||
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Joelton
Supreme |
14-Apr-2020 10:19
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SGX has come a long way since Barings debacleTUE, APR 14, 2020 - 5:50 AM TWENTY-FIVE years ago, Nick Leeson, a 28-year-old head of derivatives at Barings Bank in Singapore, made more than US$1 billion in unhedged, unauthorised speculative trades, eliminating the merchant bank' s cash reserves. Britain' s oldest investment bank, which was founded in 1762 and... https://www.businesstimes.com.sg/companies-markets/sgx-has-come-a-long-way-since-barings-debacle |
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tkokjin
Member |
14-Apr-2020 09:51
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Let those shorties buy back at high price... | ||
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tkokjin
Member |
14-Apr-2020 09:46
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Kill the shorties...... | ||
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Joelton
Supreme |
09-Apr-2020 12:48
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SGX Regco suspends new entries to watch list expedites fund raisingTHU, APR 09, 2020 - 5:50 AM Measures introduced amid plunge in market caps and liquidity caused by Covid-19 pandemic Singapore SINGAPORE Exchange Regulation (SGX RegCo) will suspend entry into its financial watch-list and give expedited clearance to fund-raising efforts by mainboard issuers. The frontline market regulator has been in consultation with the Monetary Authority of Singapore (MAS) and has decided to introduce the measures to support issuers and ease the financial strain caused by the Covid-19 pandemic. " Covid-19 has caused a drastic global deterioration in business conditions for all companies, with many experiencing significant loss of revenue and profitability," SGX RegCo said on Wednesday. It added: " Share prices of companies have also fallen, translating to sharp declines in market capitalisation. Companies are also likely to face liquidity crunch at this time as banks are tightening credit." The benchmark Straits Times Index (STI) has lost 22 per cent since the start of the year, as countries shut their borders due to the deadly virus, threatening businesses and jobs. SGX RegCo said placing issuers on the financial watch-list during this trying period might cause " undue prejudice to companies in navigating the business challenges in this climate" . Companies on the SGX watch-list are compelled to turn around their financial performance after three years of losses and when market capitalisation falls below S$40 million. There are currently 44 companies on the financial watch-list. SGX RegCo will provisionally suspend the half-yearly reviews on the first market days of June 2020 and December 2020 to place issuers on the financial watch-list. " The suspension is to enable our issuers to focus on meeting the current business and economic challenges and dealing with any resultant liquidity crunch," SGX RegCo said. Companies that meet the exit criteria, however, will continue to be able to exit the watch-list. To help mainboard issuers with potential liquidity issues, SGX RegCo will also allow companies to seek a general mandate for an issue of pro-rata shares and convertible securities of up to 100 per cent of share capital. This is an enhancement from a 50 per cent share issue limit previously. It excludes treasury shares and subsidiary holdings in each class, and is effective from April 8, 2020 until Dec 31, 2021. SGX RegCo stressed that the limit on the total number of shares and convertible securities issued other than on a pro-rata basis remains at not more than 20 per cent. Shareholder approval must be obtained at the company' s annual general meeting or by convening an extraordinary general meeting (EGM). The enhanced share issue limit is subject to various conditions, including confirmation by the board of directors that it is in the interests of the company and shareholders and that it is in compliance with legal requirements. The issuer must also disclose in the notice of the general meeting why the directors believe the enhanced share issue is in the interests of the company and shareholders, and their basis for forming such views. The notice does not have to be cleared with SGX RegCo and no circular is required. David Gerald, founder and chief executive of the Securities Investors Association Singapore (Sias) said that SGX RegCo' s measures are " timely assistance" . He added: " This is yet another useful initiative by SGX RegCo to help issuers to cope with the ill-effects of Covid-19. It enables the issuers to raise funds to keep alive their business. This is good for not only the companies but also their shareholders." On the enhanced share issue limit for mainboard issuers, Mr Gerald noted: " This will enable the issuers to raise funds expeditiously to meet liquidity needs. SGX RegCo deserves a pat on the back for its timely assistance rendered to struggling issuers." In response to queries on why fund raising has been expedited only for mainboard issuers, SGX RegCo said Catalist companies already have larger mandates for fund raising. Under Catalist Rule 806(2), if shareholders approve the mandate by special resolution, the limit on the total number of shares and convertible securities issued - whether on a pro rata or non pro rata basis - may be up to 100 per cent of the total number of issued shares, excluding treasury shares and subsidiary holdings. https://www.businesstimes.com.sg/stocks/sgx-regco-suspends-new-entries-to-watch-list-expedites-fund-raising |
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Joelton
Supreme |
06-Apr-2020 09:59
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SGX doing its part to safeguard economic resilience amid Covid-19CEO says exchange is alert, ready to adapt to evolving situation whenever necessary We are barely four months into 2020 but life before Covid-19 seems like it was years ago. As the epicentre of the disease shifts from Asia to Europe and the US, the human cost is growing. https://www.straitstimes.com/business/companies-markets/sgx-doing-its-part-to-safeguard-economic-resilience-amid-covid-19 |
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Joelton
Supreme |
04-Apr-2020 15:06
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SINGAPORE Exchange (SGX) on Friday said its securities and derivatives markets will remain open and accessible, despite  Singapore closing most workplaces  for one month from next Tuesday. Loh Boon Chye, chief executive of SGX, said the exchange is a key financial market infrastructure for international and retail investors. " Our priority is to ensure that our markets are always available and accessible, so that our clients can manage their investment portfolios during these volatile times," he said, adding that the safety of employees and customers are of utmost importance. SGX has been working from split sites and from home for almost two months, without any interruptions to our operations. " Close to 80 per cent of our employees in Singapore will be working from home as per Ministry of Health&rsquo s (MOH) guidance," Mr Loh said. The move to keep the exchange open follows the affirmation by the Monetary Authority of Singapore (MAS) that financial services are among the essential services exempted from the suspension of activities at workplace premises under the elevated safe distancing measures announced by the health ministry. Mr Loh said SGX, supported by market participants such as brokerage firms, liquidity providers, market makers and data vendors, will ensure continued availability of the markets. CDP services will continue to be available and the majority of the services can be accessed without visiting the CDP Customer Service Centre. From April 6, the CDP Customer Service Centre will assist with a limited number of services on an appointment-only basis. These services include share transfers, updating of signatures, estate account processing and deposit/withdrawal of share certificates. On Friday, the government announced more stringent measures on safe distancing to curb the spread of the virus. https://www.businesstimes.com.sg/companies-markets/sgx-will-stay-open-and-accessible |
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Starship
Supreme |
03-Apr-2020 13:16
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With all the disgraceful stocks sagas (including many China ones) over the years and decades (and still happening), it' s already clear to everyone including the blind that this clown exchange is only interested in making maximum profits.  ![]()
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pasttime
Supreme |
03-Apr-2020 10:47
Yells: "gold silver are real money. not others iou." |
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best is like include daily open short position. have a system to allow public vie of shareholder list like what hkex does with their information. one can see the latest shareholders list after t+2. so one can base on that and have betr guess of who is buying/selling. (given that many big owners use other people name to register their share.)   |
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Joelton
Supreme |
03-Apr-2020 09:45
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Shorting on the SGX: Have full transparency on such trades, big or smallFRI, APR 03, 2020 - 5:50 AMMANY European and regional exchanges have recently banned short selling in their stock markets. SGX, however, seems to feel that bearish bets should still be allowed. We think that shorting on the SGX should be allowed only with total transparency as this is the best safeguard for all... https://www.businesstimes.com.sg/opinion/shorting-on-the-sgx-have-full-transparency-on-such-trades-big-or-small |
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Joelton
Supreme |
30-Mar-2020 09:24
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SGX grants time extensions for First Sponsor, Serrano to hold AGMsSUN, MAR 29, 2020 - 8:23 PM Property developer First Sponsor Group on Saturday said it has obtained permission from the Singapore Exchange Regulation (SGX RegCo) to  postpone its annual general meeting (AGM) for its financial year ended Dec 2019, in light of stricter measures that limit gathering sizes to prevent the further spread of Covid-19. " The company sought the waiver (from complying with listing rules) as it is waiting for details as to the alternative arrangements to be put in place in  relation to the manner of conduct of the AGM and it will require time to put in place such  arrangements," it said in a notice filed to the exchange. It said that it will issue its annual report to its shareholders and the Singapore Exchange SecuritiesTrading by April 15. According to its indicative timeline, it seeks to issue its  notice of AGM and letter to shareholders in relation to the  proposed change of auditors and proxy forms by June 14, and will hold its AGM by June 30. Separately,  Catalist-listed interior designer Serrano on Saturday said that SGX has granted a four-month time extension to April 30 for the company to submit its trading  resumption proposal a two-month extension until April 30 to announce its full year  unaudited financial results for FY19 and a two-month extension until June 30 to hold its FY19 AGM, among other things. https://www.businesstimes.com.sg/real-estate/sgx-grants-time-extensions-for-agms-to-first-sponsor-serrano |
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Joelton
Supreme |
25-Mar-2020 09:30
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SGX will not ban bearish bets, priority is to keep markets accessibleWED, MAR 25, 2020 - 5:50 AMCircuit breakers activated on March 13 by 14 SGX-listed stocks, while only five stocks triggered it on March 16 Singapore SINGAPORE Exchange (SGX) will not restrict bearish bets even as several European exchanges as well as Bursa Malaysia have banned short-selling amid abnormally high market volatility. And while some trading across various global venues has been intermittently halted in... https://www.businesstimes.com.sg/companies-markets/sgx-will-not-ban-bearish-bets-priority-is-to-keep-markets-accessible |
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Maxgrow68
Elite |
25-Mar-2020 09:26
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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Missed the boat Q 9.00
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Joelton
Supreme |
25-Mar-2020 09:22
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SGX waives shareholder approval requirement for Golden Energy' s A$70m JV investmentTUE, MAR 24, 2020 - 9:27 AM GOLDEN Energy and Resources will not require shareholder approval for its A$70 million (S$59 million) investment in a joint venture (JV) to acquire the Ravenswood gold mine in Australia, it said on Monday night. This comes after the Singapore Exchange (SGX) granted it a waiver, and Golden Energy' s 86.9 per cent majority shareholder PT Dian Swastatika Sentosa had given its support for the acquisition. The waiver stated Golden Energy was required to consult SGX on whether shareholder approval was needed for any investment beyond the initial A$70 million. In explaining the grounds for seeking the waiver, Golden Energy said Indonesia-based coal firm PT Dian  Swastatika Sentosa had provided an irrevocable undertaking to vote in favour of the gold mine acquisition and any further capital commitment. It added there was no material change in its risk profile due to the JV investment and gold mine acquisition, and the transactions are  in the interest of the company and its shareholders. https://www.businesstimes.com.sg/companies-markets/sgx-waives-shareholder-approval-requirement-for-golden-energys-a70m-jv-investment |
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