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SGX
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SGX
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WanSiTong
Supreme |
31-Dec-2013 12:24
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SINGAPORE Exchange (SGX) has become the first in Asia to be authorised as a derivatives clearing organisation (DCO) by US derivatives regulator Commodity Futures Trading Commission (CFTC). New and existing US customers can now clear their derivatives contracts through SGX Derivatives Clearing (SGX-DC), SGX's derivatives clearing house, in compliance with the latest US laws and regulations such as the Dodd-Frank Act, the Commodity Exchange Act and CFTC's regulations. " To serve US clients, Singapore's over-the-counter (OTC) clearing infrastructure requires DCO authorisation. This requirement applies to all OTC clearing houses, whether based in the US or not," Michael Syn, SGX head of derivatives, told The Business Times. A clearing house is the platform or exchange standing between two parties in a trade, which ensures that the deal will be completed in the event of a default. (Source: The Business Times   |
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marubozu1688
Master |
30-Dec-2013 19:42
Yells: "Be humble in front of Mr. Market." |
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Watch out for reversal on SGX. http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/singapore-exchange-sgx-reversal-at-sight/   |
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New123
Supreme |
28-Dec-2013 18:50
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Sgx impressive move   http://sporeshare.blogspot.sg/2013/12/sgx.html |
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Octavia
Supreme |
19-Dec-2013 15:41
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Counter still hovering within its sideway channel between $6.85-$7.65. In the near-term, a hook up in both RSI and Stochastics suggest an upside towards the next resistance level at $7.25. Support at $7.00 followed by $6.85. | ||||
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Octavia
Supreme |
11-Dec-2013 17:01
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Trading Central:The key indicators have entered into oversold territory but show no signs of reversal yet. Near term momentum remains on the downside. The stock has broken below the psychological $7 level, and is just shy of the key $6.95 support. A close below that could portend further downside to $6.50 (Nov '12 low) | ||||
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Octavia
Supreme |
05-Dec-2013 09:14
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CS downgrades the counter to NEUTRAL with $8.25 TP, citing near term equities headwinds on the weak trading volumes the past two months. As a gauge, Nov's average daily turnover (ADT) was $0.93b, compared to the year-to-date average of $1.5b. House believe the longer-term stand-out area for SGX remains in derivatives, where it is starting to build critical mass in many products and SGX stands a good chance of becoming a regional trading hub for such contracts. However, nearer-term fortunes of the stock lie more in equities. In terms of overall revenue contribution for FY13, securities accounted for 37%, while derivatives make up 28%. According to house forecast for FY14, the derivatives segment should have an equivalent contribution to securities, estimated at 32% each for the segments. | ||||
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marubozu1688
Master |
04-Dec-2013 21:27
Yells: "Be humble in front of Mr. Market." |
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x 0
x 0 Alert Admin |
SGX breakdown from Symmetrical Triangle today. Watch out for further selling! http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/sgx-break-down/   |
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statusbar
Member |
04-Dec-2013 19:57
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just sold today. Completely no short term hope. Volume declining, TP 6.50 in a month | ||||
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Mr_SGX
Member |
04-Dec-2013 15:24
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The Singapore Exchange and Hong Kong Exchanges and Clearing on Wednesday 4th Dec 2013 signed a deal to co-operate on a number of areas that include promoting the internationalization of the Chinese yuan.. Charles Li, CEO of the Hong Kong Exchanges and Clearing (HKEx), and Singapore Exchange CEO Magnus Böcker signed a memorandum of understanding (MOU) on the collaboration in Singapore earlier on Wednesday, according to the statement. | ||||
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ssw518
Supreme |
04-Dec-2013 12:31
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SGX still can trade above 7.00 dollars, after so many weeks of low value trading.   derivatives trading very high meh can cover the diff in  securities trading which amt 60++% of it's revenue. Seems to me like over value. Today half day value not even 350m. Anyone knows the operating breakeven? |
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Octavia
Supreme |
04-Dec-2013 09:31
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SGX trading statistics for Nov showed derivatives trading and clearing activities grew from a year earlier while securities trading declined, with the derivatives market clocking a record-high in open interest contracts. The securities division saw value of securities traded at $19.5b (-30%), in tandem with a 29% drop in daily average value of securities traded to $927m, while the derivatives division saw derivatives volume at 8.9m contracts (+23%), led by Open interest contracts which rose 54% to a record 4.0m contracts. OTC Clearing division saw a total $4.1b notional of new OTC financial derivatives transactions cleared, up 52%, led by OTC commodities, iron ore swaps and SICOM rubber futures.. We note that in SGX's latest 1QFY14 results came in above street estimates. Net profit reached $92.3m (+24% y/y, -1% q/q), on the back of revenue of $184.1m (+15% y/y, -11% q/q). The better bottom-line performance was partially helped by a decline in operating costs. Going forward, SGX will continue to execute its strategy amid uncertain market conditions. In the next few quarters, SGX aims to introduce products such as foreign exchange futures and new ASEAN equity index futures. Management believes the growth of its distribution capabilities is on track, having received an automated trading services license in Hong Kong At the current price, SGX trades at 21x forward P/E versus its regional peers of 22x. Overall, the street has 4 Buys, 6 Holds and 3 Sell call ratings with a mean TP of $7.78. | ||||
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Octavia
Supreme |
03-Dec-2013 09:14
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SGX signed an MOU with China Futures Association to develop the derivatives markets in China and Singapore. | ||||
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reliever
Senior |
27-Nov-2013 16:49
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  Unclaimed dividend should be given to charity.   |
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Octavia
Supreme |
27-Nov-2013 09:55
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SGX looking for 89,000 investors with S$68.3m of unclaimed dividends and SingTel shares SOMEWHERE out there in Singapore, there is an investor who has a S$1.2 million windfall. The investor is one of 89,000 people owning S$68.3 million of unclaimed dividends and SingTel shares who could not be contacted despite the best efforts of the Singapore Exchange (SGX). Tomorrow, a website at www.sgx.com/mygateway will be launched for investors to check if they have unclaimed assets, using their NRIC number. Unclaimed dividends come about when investors do not opt for them to be directly credited to their bank accounts. The dividend checks were mailed out but investors did not cash them for various reasons. Unclaimed SingTel shares and dividends were from the telco's 1993 initial public offering, where investors had signed up for but did not follow through by opening a Central Depository (CDP) account. Most investors have unclaimed dividends or shares of less than S$1,000, SGX said. | ||||
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Octavia
Supreme |
26-Nov-2013 09:23
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SGX and China Securities Regulatory Commission (CSRC) had established a direct listing framework, which aims to facilitate Chinese firms seeking a listing on the Singapore board. In the past, firms required to set up an overseas entity as a layer between the company and investors as part of the listing process. Under the framework, the CSRC will review and provide Chinese enterprises with a better understanding of the requirements and platform to list on SGX, while SGX will reach out to intermediaries and issuers on the process and requirements. On the legal end, applicants must comply with all relevant laws and regulations in China, as well as all requirements and regulatory standards of Singapore and SGX. The due diligence processes conducted on both sides is expected to provide a greater assurance to investors. While the new framework is a step in the right direction to boost our capital markets, we caution that it does not guarantee the quality of companies that seek listings here. Investors may still be marred by the fallout of S-chips when corporate scandals were brought to light in 2007, when accounting irregularities were raised, missing husband-and-wife management team after corporate bankruptcy and on-going concerns were some of the issues raised. Valuations are attractive for SGX, with a forward P/E of 21.2x on generally low expectations for a 3% growth in earnings, compared to regional peers Hong Kong Exchanges' 33.7x P/E on 9% earnings growth, and Bursa Malaysia's 23.3x. | ||||
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tonylim
Master |
20-Nov-2013 08:43
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Just heard stock recommendations over Channel NewsAsia to consider two stocks which will reap gains from its overseas investments early next year.  They are DBS and SGX.  Just good time to pick up this stock if you have the spare cash.
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tonylim
Master |
18-Nov-2013 19:14
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x 0
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Hope it will go up above the TP at 7.75 as a Christmas gift
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tonylim
Master |
18-Nov-2013 18:37
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x 0
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Looks promising to move above 7.50 760
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Immortal
Master |
18-Nov-2013 13:34
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waiting for SGX to go higher :) | ||||
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Mr_SGX
Member |
18-Nov-2013 09:57
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x 0
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SGX share price not doing too favourably recently, likely due to the low daily securities total trading value and the 3 pennies saga.. SGX has been putting lots of efforts to boost securities trading liquidity and derivatives volume, hopefully the share price will outperform in the mid-long term. |
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