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SGX
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notibird
Veteran |
05-Jun-2016 16:53
Yells: "Up Or Down, Just Follow The Monkey And You Can't Lose !!!" |
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For short term traders, her current range is 7.58 to 7.75. She appears to, for now, lack the propellant to revisit her Last High at 8.05 (20 Apr 16). Of late, each time she attempted to retest 7.75, her rocket boosters ran out of fuel and down back to Earth she came tumbling. I believe her rebound from 7.58 region last week was due to shortcovering. It was clear to me from the price action that there was an obvious absence of strong follow up buying. As a result, her rebound fizzled out at around 7.70 to 7.73 region. And when she started to pullback from there, it ignited another round of shorting by opportunistic traders. When the price found some traction at around 7.58, these shortists then re-appeared to cover to book profits. That' s why prices moved sideways between 7.58 to 7.73. Unless a monkey decides to take her higher, one fine day, 7.58 will cave in and that' s when we will see a return to the 7.40s and 7.30s. When this happens, I expect to see a bounce at around 7.33 to 7.35 back to around 7.48 to 7.53. |
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Goldfinger
Supreme |
05-Jun-2016 15:37
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How disappointing its performance.. | ||||||||||||
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Qanghoo
Supreme |
25-May-2016 21:40
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Now with Baltic exchange added, even more diversified n competing interests for SGX management. Stock mkt will be relegated even further down the pecking order of interest for the management. Time for us all to quit too. |
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granto
Master |
25-May-2016 17:50
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UPDATE Baltic Exchange tries to assuage members&rsquo fears on SGX takeover: http://splash247.com/update-baltic-exchange-tries-to-assuage-members-fears-on-sgx-takeover/ |
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granto
Master |
25-May-2016 15:50
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Here is a world exclusive for yers... Singapore Exchange wins race to take over Baltic Exchange: http://splash247.com/singapore-exchange-wins-race-to-take-over-baltic-exchange/ |
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edwinjup
Supreme |
07-May-2016 13:55
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Delisting counters is much more than ipo...lower rev from annual listing fees and trading fees.... | ||||||||||||
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waters
Senior |
07-May-2016 13:37
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Featured Singapore Stock #1 &ndash Singapore Exchange 4:21
Analyst Report: Stanley Lim, CFA What Singapore Exchange DoesSingapore Exchange has an enviable position as the sole securities exchange in Singapore. It is also the major derivatives exchange in the country. Its derivative business is its largest segment by revenue and is tied to the volume of derivatives traded on its exchange. The company also generates revenue by providing listing services for initial public offerings or secondary offering on its exchange, in addition to earning revenue from every trade made on the exchange. Singapore Exchange divides its business into five main segments:
Why We Like Singapore ExchangeSingapore Exchange has multiple areas of growth due to its various business segments. The company is actively implementing new strategies to boost trading activities on its exchange. One such initiative is the reduction in trading lot size from 1,000 units to 100, which took place in January this year, and has allowed more participation from a growing population of retail investors. Moreover, in its derivative business, there is strong potential for growth. This is due to the low cost of introducing more products onto its platform and marketing them to its clients. At the moment, just three derivatives had collectively accounted for 79% of the total derivatives trading volume for FY2015. This means that a few new successful products launched could significantly increase its revenue for this segment. In addition, given its strong balance sheet, Singapore Exchange has the flexibility to use mergers and acquisitions as an approach to grow its business. Its recent bid to take over the Baltic Exchange is one such example. Areas of ConcernBut there are risks. Firstly, the market of attracting domestic companies for listing is limited. Thus, Singapore Exchange needs to attract international companies to list in Singapore in order to grow its securities business. In the past, Singapore Exchange had tried to attract China-based companies (S-Chips) to list in Singapore. However, due to the bad reputation that some S-Chips have garnered over the years, such listings are losing their attraction among investors. If Singapore Exchange can&rsquo t attract more international companies to list, the future growth of the Securities business might be limited. Secondly, being the sole financial exchange in Singapore could suggest that Singapore Exchange has huge pricing power. But, due to the ease of trading across international markets, Singapore Exchange is actually in direct competition with other exchanges around the world. Thus, its perceived pricing power might be weaker than investors expect. Valuation of the stock is also a concern since the market has taken notice of what we believe are encouraging growth prospects. The company trades above 22 times its trailing earnings, which is much higher than the 13 times price to earnings ratio of the Straits Times Index. The Stock Advisor Gold Bottom LineWe thrive on finding strong companies with a solid balance sheet and stable dividend flow, which are a few of many reasons why we believe Singapore Exchange is a top contender for Stock Advisor Gold&rsquo s first-ever Singaporean buy recommendation. Add in bountiful growth prospects and we&rsquo re comfortable with the risks inherent to a premium valuation. *All data values as of 29 April, 2016 https://www.fool.sg/stock-advisor-hub/?mc_cid=25ed95c1bf& mc_eid=6d15bd5357#raffles-medical-group |
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spore1
Supreme |
04-May-2016 22:51
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Another Blue chip stock counter that may cont to trend lower. http:// spore share . blog spot . sg/2016/05/sgx.html |
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sengsk
Elite |
04-May-2016 21:01
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If SGX would standardize all company AGM to beheld at SGX building with timing organize to suit shareholders attending at the fix location. It would able to make everyone convenience who need no running all around the city. As well, they SGX could also able to send some auditor and professional to throw sensitive questions to the BOD. In this manner, Shareholders would able to know much more on the company as well they would understand that what ever AGM, its not easy to fool off shareholders. its a win-win, and SGX could able to collect rental of function space fund.
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Qanghoo
Supreme |
21-Apr-2016 11:11
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In suffocation mode today.
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Qanghoo
Supreme |
21-Apr-2016 09:30
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Operating margin solid at 50%. So, we keep paying them to shake legs. This kind of margin surely calls for review of commissions n fees to be more competitive n perhaps attract more investors to liven up the mkt?
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Octavia
Supreme |
21-Apr-2016 09:25
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3QFY16 net profit of $89.2m (+1.1%) missed street estimates, mainly from lower clearing fees. Operating revenue remained firm at $102m (+3.3%), from higher securities (+3.5%) and derivatives (+3.2), amid heightened market activities arising from anticipated changes in interest rates and volatile commodity prices. Operating margin slipped 1.7ppt to 50%, while bottom line was boosted by higher interest income of $3.1m (3QFY15: $1.2m) |
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WanSiTong
Supreme |
20-Apr-2016 18:30
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News Release 20 April 2016 SGX reports 3Q performance with net profit of $ 89 million 3Q FY2016 Financial Summary Revenue: $ 206 million, up 3% from a year earlier Operating profit: $ 103 million, unchanged Net profit: $ 89 million, up 1% Earnings per share: 8.3 cents, up 1% Interim dividend per share: 5 cents, up from 4 cents All figures are for the year except for figures in brackets which are for the year earlier, unless otherwise stated Singapore Exchange (SGX) today reported net profit of $ 89.2 million ($ 88.2 million) for 3Q FY 2016. Revenue was up 3% to $ 205.8 million ($ 199.3 million). Earnings per share was 8.3 cents (8.2 cents) and the Board of Directors has declared an interim dividend of 5 cents (4 cents) per share, payable on 6 May 2016, in line with the stated dividend policy. Commenting on the results, Loh Boon Chye, CEO of SGX said, " Our results this quarter showed growth across our three business lines of Equities and Fixed Income, Derivatives and Market Data and Connectivity. This reflected higher levels of market activities as market participants react and adjust to the changes in benchmark interest rates and volatile commodity prices. " Following previously announced changes to its organisational structure, SGX is presenting results this quarter according to its three business lines. Results Summary Results for Equities and Fixed Income comprise Issuer Services, Securities Trading & Clearing and Post Trade Services. Issuer Services revenue decreased $ 1.0 million or 5% to $ 18.7 million ($ 19.7 million), accounting for 9% (10%) of total revenue. - Listing revenue was $ 11.4 million, down 6% from $ 12.1 million due to a decline in the number of new bond listings, while revenues from corporate actions and others was $ 7.3 million, down 4% from 1 From FY2016 onwards, SGX' s dividend policy is to declare a base dividend of 5 cents per share per quarter, an increase of 1 cent per share. For each financial year, SGX will pay as dividend an amount which is no less than 80% of the annual net profit after tax or 20 cents per share, whichever is higher. $ 7.6 million. There were a total of four new equity listings, compared to two a year earlier. Secondary equity funds raised were $ 0.3 billion ($ 1.0 billion). Securities Trading and Clearing2 revenue increased $ 2.0 million or 4% to $ 54.8 million ($ 52.8 million) and accounted for 27% (27%) of total revenue. - The increase was attributed to revenue growth in Securities Clearing with $ 42.2 million, up 3% from $ 41.0 million and Access with $ 10.3 million, up 5% from $ 9.9 million, as well as a 17% increase of revenue from $ 2.0 million to $ 2.3 million from collateral management, membership and others. - The higher level of market activities this quarter led to an increase in the securities daily average traded value (SDAV) by 5% to $ 1.22 billion ($ 1.17 billion) and total traded value also by 5% to $ 74.7 billion ($ 71.4 billion) Turnover. velocity for the quarter increased 20% to 46% (39%). The average clearing fee was 2.90 basis points (2.94 basis points). Post Trade Services revenue increased $ 2.5 million or 10% to $ 28.5 million ($ 26.0 million), accounting for 14% (13%) of total revenue. - Securities settlement revenue: $ 22.1 million, up 10% from $ 20.0 million, following higher volumes of institutional securities settlement - Contract processing revenue: $ 4.0 million, up 2% from $ 4.0 million - Depository management revenue: $ 2.3 million, up 18% from $ 2.0 million Derivatives revenue increased $ 2.5 million or 3% to $ 82.2 million ($ 79.7 million), and accounted for 40% (40%) of total revenue. Revenues from Equity and Commodities were $ 61.9 million, up 3% from $ 60.1 million. This reflected increased volumes by 9.5 million or 24% to 48.7 million contracts (39.2 million contracts), primarily from higher volumes in the SGX FTSE China A50 Index futures, Japan Nikkei 225 and iron ore contracts. Average fee per contract was lower at $ 1.15 ($ 1.39), mostly due to greater increase in futures and options volumes, and revision in pricing and incentives for iron ore contracts as a result of increased competition. Revenues from collateral management, licence, membership and others contributed $ 20.4 million, up 4% from $ 19.6 million. Average month-end open interest for equity and commodities derivatives was 3.7 million contracts, up 14% from 3.3 million contracts a year earlier. Market Data and Connectivity revenue increased $ 0.5 million or 3% to $ 21.6 million ($ 21.1 million), accounting for 11% (11%) of total revenue. Specifically, revenue for market data was $ 9.4 million, down 5% from $ 9.8 million due to the impact of one-off items, while revenue for connectivity was $ 12.3 million, up 9% from $ 11.3 million due to the continued growth of our colocation services business. Outlook Mr Loh added, " As we continue to execute on our growth strategy, we will focus on managing costs, against the backdrop of increasing competition and volatile global market conditions. We expect FY2016 operating expenses to come in at the lower end of our previously announced guidance of between $ 415 million and $ 425 million. " -End- |
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Qanghoo
Supreme |
12-Apr-2016 21:12
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Haha, Mar higher than Feb due to CNY effect? But this Sure Gone Xchange may die sooner or later. Today almost like totally dead. See link to article below. Qn - are the management worthe the salt?
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Ray12888
Veteran |
07-Apr-2016 19:15
Yells: "MoneyInTheChart com / blog" |
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x 0
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The price action is the same as the exchange - in a mess. |
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Just4win
Supreme |
07-Apr-2016 12:42
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*SGX: Mar total securities turnover reached $27.3b (+13% m/m, +9% y/y), although securities daily average value (SDAV) fell to $1.2b (-2% m/m, +9% y/y). Market watchers do not expect 3QFY6/16 SDAV average of $1.2b to be sustained and deem current valuation as expensive." So SGX is over priced now ? |
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AliSkywalker
Senior |
06-Apr-2016 20:09
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lglg666
Supreme |
06-Apr-2016 12:04
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Mr "Hai Si Lang" aka FrancisChan, Justinlin1952, Ahsammy and many other nicks. Beware of this old fool....he is playing with his monopoly paper money only as part of his IMH routine, so don't let him lead you to holland.
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Just4win
Supreme |
06-Apr-2016 09:31
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x 0
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Wow.. this counter has big fall today |
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Qanghoo
Supreme |
01-Apr-2016 22:08
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x 0
x 0 Alert Admin |
This place the word doesn' t exist in the vocabulary.
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