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SGX
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Starship
Supreme |
28-May-2020 12:17
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SGX Circus Maximus filled with Ugly Clown Stocks.  
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lifeisgood
Supreme |
28-May-2020 12:00
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No one wants to come to Singapore, except those foregn cheating reits like Eagle HKSE has more than 160 IPOs waiting for this year. Thats a lot of IPOs !!!
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Mersingboy
Member |
28-May-2020 11:56
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So very surprised that MSCI chose HK over Singapore, bearing in mind the political situation in HK. Eventually HK will lose its status as a financial centre IMO, with building tensions. Anyway, i thik some of the reasons besides HK having reach to Chinese investors is that SGX has been sitting too comfortably and needs to be more innovative and work harder in enticing listings and IPOs etc. Its very said that the Singapore stock market is in the position, bearing in mind that the US markets have recovered significantly. US markets down, STI down. US markets up, STI even down lately. Doesnt make much sense and the lack of upward momentum for the blue chips remain a concern for institutional investors. So SGX needs to tackle some of thes eissues to make Singapore stock market more vibrant and attractive. Personally I think this selloff in SGX is overdone. Probably may see some interests again below $8, afterall it is still a blue chip. MSCI withdrawal may dent it, but they still have earnings even during up and down markets. MY own opinion. |
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lifeisgood
Supreme |
28-May-2020 11:55
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SGX still not waking up. They totally ignored stocks. Hiding behind derivatives. Think derivatives is safe. Any foresight??? |
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lifeisgood
Supreme |
28-May-2020 11:48
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I same as you, see this loss to HKSE as just the beginning Bit by bit, our contracts will be chipped away by HKSE, SZ, Shanghai etc. If Nikkei and Nifty also gone, then our derivatives bye bye liao. Eventually, SGX will only be left with stocks.
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Goldfinger
Supreme |
28-May-2020 11:44
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If the DBS target price is SGD7.40 and it is now SGD8+ - it means it is instead OVERVALUED????
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Goldfinger
Supreme |
28-May-2020 11:42
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Dump this junk stock. Like no other back up plan type - once HKEX grabs these, more derivatives players and contracts may migrate over. SGX is really a mess up. I see like $6 approaching.
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lifeisgood
Supreme |
28-May-2020 11:41
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Should sack the CEO. Our stock market is hopeless under him.
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tt1010880
Senior |
28-May-2020 11:29
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Will the board sack the CEO for this mess? Why he did not look for alternatives or replacement for MSCI? So many questions so little time. | ||||
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earthdragon
Senior |
28-May-2020 11:02
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After lunch break may drop further, as those T+2 and margin call due will have impact.
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limcs84
Member |
28-May-2020 10:47
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This morning, I have a heart attack when I see the SGX plunged every minute till 0920hrs | ||||
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earthdragon
Senior |
28-May-2020 10:46
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Look very serious impact on SGX. There is no sign at all, suddenly news out and plunged.
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tt1010880
Senior |
28-May-2020 10:43
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Think this is the latest by aka 墙 头 草 :P
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john_ric
Supreme |
28-May-2020 10:40
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short term falling knife. look at it when $5. |
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DooDoo
Senior |
28-May-2020 10:33
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Anyone know what?s SGX target price? | ||||
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Joelton
Supreme |
28-May-2020 10:08
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SGX shares suffer biggest drop since 2003 as MSCI signs agreement with Hong KongBloomberg 27/05/2020, 4:30pm (May 27): Shares in Singapore Exchange Ltd. plunged after MSCI Inc. announced it will move licensing for derivatives products on a host of gauges to Hong Kong from Singapore. SGX&rsquo s stock fell 11.8% as of 3:22 p.m. local time, set for the biggest drop since 2003, amid concerns over the loss of revenue stream following the move. MSCI has struck an agreement with a Hong Kong Exchanges & Clearing Ltd. subsidiary to sell 37 futures and options contracts based on its Asian and emerging-market measures, according to a statement issued by the index provider. It will cease licensing indexes for most derivatives products on SGX&rsquo s platform early next year after the present agreement expires, the bourse said in a separate statement. &ldquo What we saw in HKEX was a larger customer base, particularly the access to Chinese institutional and retail investors,&rdquo Henry Fernandez, MSCI&rsquo s chief executive officer, told reports in a conference call Wednesday. &ldquo We also saw the ability to have a large market for index options that HKEx has developed.&rdquo The move deals a blow to SGX which considers the Hong Kong bourse one of its main rivals and has been suffering from a slowdown in listings. It is also a much needed win for the Hong Kong exchange as the city&rsquo s financial-hub status faces multiple challenges, with investors spooked by a Beijing plan to impose security legislation in the city and a resurgence of pro-democracy protests. In a telephone interview on Wednesday, the Hong Kong stock exchange&rsquo s CEO, Charles Li, called the MSCI agreement &ldquo absolutely a vote of confidence.&rdquo The new accord, subject to regulatory approvals, follows a Hong Kong bourse announcement last year about the launch of futures contracts on the MSCI China A Index. The latest deal &ldquo will definitely help bolster Hong Kong&rsquo s appeal as a financial hub in the medium term,&rdquo said Joel Ng, an analyst at KGI Securities (Singapore) Pte. The potential boost to derivative trading volumes would not only increase HKEX&rsquo s revenues but also help the exchange operator diversify away from its main cash equities business, according to Elizabeth Kwik, an investment manager at Aberdeen Standard Investments. https://www.theedgesingapore.com/news/company-news/sgx-shares-suffer-biggest-drop-2003-msci-signs-agreement-hong-kong |
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Joelton
Supreme |
28-May-2020 10:04
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SGX RegCo pressing Eagle Hospitality Trust for restructuring updatesThe Edge Singapore 27/05/2020, 8:29pm SINGAPORE (May 27): The SGX RegCo is pressing Eagle Hospitality Trust for updates from the special committee that was formed in April, to help in its restructuring and strategic business review after it defaulted on a US$341 million syndicated loan. This special committee, whose composition was announced on April 1, consists of EHT&rsquo s independent directors: Carl Gabriel Florian Stubbe, who is chairing the committee Davy Lau Tarun Kataria Tan Wee Peng Kelvin as well as Salvatore G. Takoushian, CEO of EHT&rsquo s manager. SGX RegCo&rsquo s request for updates came a day after Howard Wu and Taylor Woods confirmed their resignations from EHT&rsquo s board as chairman and vice chairman. The duo are co-founders of Urban Commons, the US-based entity that is EHT&rsquo s sponsor. The resignations came after the discovery of interested party transactions that were inked by the duo on behalf of EHT&rsquo s master-lessor subsidiaries. The transactions in question were uncovered during an ongoing strategic review of EHT&rsquo s business. The agreements were &ldquo not on usual commercial terms&rdquo and were therefore &ldquo prejudicial&rdquo to the interests of EHT and its minority stapled securityholders, according to EHT on May 16. SGX RegCo basically nudged the duo from their posts on May 16 when it openly queried EHT&rsquo s nominating committee if Wu and Woods are still deemed &ldquo suitable&rdquo to serve on the board of the manager. In its public query to EHT made on May 27, SGX RegCo wants to know: if an outline of proposals that have been made known to the committee. It also wants disclosure on whether any conflicts of interest arose during the proposal management process and if so, how these conflicts were managed. SGX RegCo is also requiring EHT to say if the proposals put forward, if any, will contemplate a change in control of the REIT manager. &ldquo The REIT Manager and the Trustee Manager of EHT are legally required to give priority to the interest of all security holders of the Stapled Trust as a whole, over their own interests in the event of a conflict of interest,&rdquo SGX RegCo warns. The exchange&rsquo s regulatory body further demands that the EHT&rsquo s manager and the trustee manager to confirm that they will prioritise interests of all EHT unitholders over their own interests in the proposal management process. EHT has been suspended since March 24. It last traded at 13.7 US cents. It went IPO just last May at 78 US cents. |
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FATABA
Supreme |
28-May-2020 09:58
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sad, over the past mth or weeks, SGX is push up by BB ....unlaoding. Seeing its weakness w NO or lousy IPO . Worst , continue issue w delisting etc. Now this big one affecting 15/20% of its revernue in derivative........... I think SGX really need a big restructuring ....since the bad handling from its past CEO n current. DLC instroduction is another failing of SGX in approving n monitoring new product . Wld be surprise its wld not go back to 7+ DYODD .
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AhLiang
Elite |
28-May-2020 09:55
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Barely one month after they made those calls, now they have all slashed SGX''s TP by 25%.
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AhLiang
Elite |
28-May-2020 09:48
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After SGX, banks look like the next. Very clearly they are being pumped up. Take care.
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