Back

Latest Forum Topics / SGX    Last:21.44    -0.3

Post Reply

SGX Post Reply Rate topic
ozone2002 Supreme	16-Aug-2021 15:29        ozone2002 About Contact  Quote this Post! Style: Technical
x 0   x 0  Alert Admin	Last:10.8        -0.01 DCA on big dip, continue accumulation hammer formed signal for reversal gd luck dyodd
Useful To Me  Not Useful To Me
PhillipTan Supreme	13-Aug-2021 12:10        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Me too haha   Ling9345      ( Date: 13-Aug-2021 10:07) Posted: Below $10 I happy to buy
Useful To Me  Not Useful To Me
Ling9345 Master	13-Aug-2021 10:07        Ling9345 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Below $10 I happy to buy
Useful To Me  Not Useful To Me
matthew_kuan Member	13-Aug-2021 09:33        matthew_kuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Now @ 10.81.....2.81 to go before hitting the 8 target....then can buy to hold.....' Hoping the dooms-day analuyst keep it up' ....
Useful To Me  Not Useful To Me
matthew_kuan Member	12-Aug-2021 16:38        matthew_kuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still waiting for the SGD8/share mark...need more of these analyst to provide more ' expert' views...... jackass      ( Date: 11-Aug-2021 15:49) Posted: these analysts are only paid 3k per month sgd, many are fresh uni graduates u can' t expect too much from them my comments are not meant to be derogatory, but i want to highlight that some market job salaries and qualifications are not up to mark lovetravelsg      ( Date: 11-Aug-2021 15:03) Posted: I watched some of these " analysts" presentation on YouTube, quite a horrible presentation.  They don' t seem to know what they' re talking about and bad english.  Did a further check and realise the presenter was from some private uni in SIM.  On what basis or qualification do such people have to provide investment advice or recommendations?  They have no CFA, CA etc Waiting for this stock to crash furthe
Useful To Me  Not Useful To Me
PhillipTan Supreme	12-Aug-2021 04:19        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	SGX securities market turnover value declines 6.6% m-o-m in July to $25.1 bil Singapore Exchange' s (SGX) total securities market turnover value for the month of July stood at $25.07 billion over 22 trading days, according to monthly market statistics released on August 11. This marks a 6.6% decline m-o-m from the $26.83 billion recorded in June and a 1.5% decline y-o-y from the $25.47 billion recorded in July 2020. Securities daily average value (SDAV) stood at $1.19 billion in July, 2.1% lower m-o-m compared to $1.22 billion in June and 1.6% lower y-o-y compared to $1.21 billion in July 2020. The total traded volume for derivatives rose 8% m-o-m in July to 20.4 million contracts, the highest in four months, but was 14% lower on a y-o-y basis. " Declines in several Asian stock markets during the month bolstered equity risk management among institutional investors, while hedging demand fueled volumes in currency and commodity derivatives," SGX says in its report. SGX' s shelf of pan-Asia benchmark equity derivatives increased 13% m-o-m to 15.2 million contracts, with MSCI Singapore Index Futures gaining 23% m-o-m. SGX FTSE China A50 Index Futures volume climbed 19%, SGX FTSE Taiwan Index Futures advanced 5%, while SGX Nifty 50 Index Futures were up 7%.  Foreign exchange (FX) trading activity on SGX rose y-o-y as participants hedged against the US dollar' s strength. Total FX futures volume increased 30% y-o-y in July to 2.2 million contracts, led by a 38% y-o-y gain in SGX INR/USD Futures on signs of inflationary pressure in India. SGX USD/CNH Futures &ndash the world' s most widely traded international RMB futures contract &ndash climbed 20% y-o-y on uncertainty over the impact of China' s regulatory reforms in the domestic economy.  During the month, SGX announced it will fully acquire FX trading platform MaxxTrader, further extending its reach into the over-the-counter (OTC) space. SGX is building an integrated FX ecosystem and marketplace to facilitate global access to OTC and on-exchange currency derivatives.  For SGX' s commodity derivatives, total volume rose 9% y-o-y in July to 2.3 million contracts. Iron ore derivatives increased 5% y-o-y to 1.9 million amid a surge in volatility, with prices falling below US$200 a metric tonne. Open interest in high-grade 65% Fines Fe contracts achieved another monthly record high. Forward freight agreement (FFA) volume on SGX climbed 36% y-o-y in July to 139,893 contracts.  During the month, the exchange introduced three new FFA and futures for liquified natural gas (LNG) vessels. The contracts, referencing the Baltic Exchange' s independent freight assessments, expanded SGX' s clearing services for seaborne freight.  SGX' s petrochemicals suite saw growing traction on the back of increased risk-management activity. Petrochemicals volume jumped 126% y-o-y in July to 4,609 contracts, with open interest notching another monthly record. SGX SICOM rubber futures &ndash the global pricing bellwether for natural rubber &ndash added 9% y-o-y to a three-month high of 125,719 contracts. In Singapore, the total market turnover value of exchange-traded funds (ETF) on SGX surged 50% mo-m in July to S$563 million, the highest since March 2020. Volumes in the Lion-OCBC Securities Hang Seng TECH ETFwas almost four times higher on growth in client participation. Straits Times Index (STI) ETFs and fixed income ETFs, in particular the Nikko AM SGD Investment Grade Corporate Bond ETF and iShares Barclays Capital USD Asia High Yield Bond Index ETF, also performed strongly.  The STI rebounded 1.2% in July to 3,166.94, bringing its price gain over the first seven months of 2021 to 11.4%, with dividends boosting the total return to 13.2%. This ranked the STI among the top three performing Asia-Pacific benchmarks year-to-date, alongside the TAIEX and Nifty 50.  The amount issued from 80 new bond listings on SGX, Asia' s leading international bond marketplace, increased 11% y-o-y in July to $45 billion, the highest in four months.
Useful To Me  Not Useful To Me
jackass Member	11-Aug-2021 15:49        jackass About Contact  Quote this Post!
x 0   x 0  Alert Admin	these analysts are only paid 3k per month sgd, many are fresh uni graduates u can' t expect too much from them my comments are not meant to be derogatory, but i want to highlight that some market job salaries and qualifications are not up to mark lovetravelsg      ( Date: 11-Aug-2021 15:03) Posted: I watched some of these " analysts" presentation on YouTube, quite a horrible presentation.  They don' t seem to know what they' re talking about and bad english.  Did a further check and realise the presenter was from some private uni in SIM.  On what basis or qualification do such people have to provide investment advice or recommendations?  They have no CFA, CA etc Waiting for this stock to crash further Nippon72      ( Date: 06-Aug-2021 20:56) Posted: I sometimes wonder why the analysts are so quick to downgrade a stock that they recommend buy or accumulate earlier. If the analysis holds true, isn' t the price drops now makes it more compelling to buy? I would prefer contrarian views such as: Despite drop, the fundamentals are still strong accumulate further!  Miss target or revenue drops = to neutral, hold or sell is no brainer to me. Lai keechiu who has the gumption to buy now? Vested
Useful To Me  Not Useful To Me
lovetravelsg Member	11-Aug-2021 15:03        lovetravelsg About Contact  Quote this Post!
x 0   x 0  Alert Admin	I watched some of these " analysts" presentation on YouTube, quite a horrible presentation.  They don' t seem to know what they' re talking about and bad english.  Did a further check and realise the presenter was from some private uni in SIM.  On what basis or qualification do such people have to provide investment advice or recommendations?  They have no CFA, CA etc Waiting for this stock to crash further Nippon72      ( Date: 06-Aug-2021 20:56) Posted: I sometimes wonder why the analysts are so quick to downgrade a stock that they recommend buy or accumulate earlier. If the analysis holds true, isn' t the price drops now makes it more compelling to buy? I would prefer contrarian views such as: Despite drop, the fundamentals are still strong accumulate further!  Miss target or revenue drops = to neutral, hold or sell is no brainer to me. Lai keechiu who has the gumption to buy now? Vested    PhillipTan      ( Date: 06-Aug-2021 16:40) Posted: SGX extends slide on weak earnings downgraded to ' hold' , ' neutral' Following the Singapore Exchange' s weaker-than-expected first-half financial results on Thursday, at least four research houses have downgraded their recommendations from " buy" to " hold" and " neutral" , citing higher cost projections for the bourse in the coming months. Research teams from UOB Kay Hian, Maybank Kim Eng (Maybank KE) and Jefferies shifted their recommendations to " hold" and also reduced their target prices on the stock. For UOB Kay Hian, this was slashed from S$12.35 to S$11.65. Maybank KE cut its target price from S$11.48 to S$11.33, while Jefferies cut its target price by S$0.10 to S$11.20. Meanwhile, analysts from RHB downgraded their recommendation from " buy" to " neutral" , but also slashed their target price to S$11.10 from S$12.30. SGX' s share price continued sliding on Friday, hitting a low of S$10.94 at 10.06am, translating to a 9.2 per cent or S$1.11 fall from S$12.05 at Wednesday' s close. The revised target prices by the research houses reflect a range of 0.6 to 5.6 per cent upside on SGX' s price of S$11.03 as at 1.03pm on Friday. UOB Kay Hian and RHB observed that SGX' s net profit decline was impacted by lower treasury income that resulted in an almost 20 per cent year-on-year drop in its equities derivatives segment. The announcement of a new scrip dividend scheme was also viewed as " disappointing" . Meanwhile, the analysts also noted that higher staff costs arising from acquisitions such as that of forex trading platform MaxxTrader led to SGX guiding for an 8 to 9 per cent increase in operating expenses in the next financial year. The completion of the MaxxTrader acquisition will add a further S$25 million to SGX' s expenses for FY2022 on an annualised basis, UOB Kay Hian said. Maybank KE acknowledges that SGX has shown a strong performance in the past 12 months, but like its counterparts, is advising to wait for new business growth catalysts to resume - even going as far as to recommend switching to buying DBS stock for " improving operational delivery and upside risks from write-backs" . It also credits SGX' s competitive advantage over regional exchanges, thanks to its deep liquidity pools and sizeable market share in key risk management derivative products, noting that a sooner-than-expected Covid-19 macro recovery may drive higher market volumes and liquidity. Jefferies notes that credit ratings agency Moody' s has given SGX an Aa2, the highest given by the agency to any exchange, adding that it is a fan of the investments the bourse has made to diversify its revenue sources, its poor earnings notwithstanding. " We agree that a continued low-rate environment will attract investors to SGX' s multi-asset offering," Jefferies said. " However... we think the counter is fairly valued. Further, initiation of a scrip scheme for the FY2022 dividend will weigh on sentiment, notwithstanding the fact that the capital cushion will be handy for defensive and offensive purposes." Shares of SGX were trading at S$10.99 as at 2pm on Friday, down S$0.34 or 3 per cent.
Useful To Me  Not Useful To Me
gordongeckko Member	07-Aug-2021 17:44        gordongeckko About Contact  Quote this Post!
x 0   x 0  Alert Admin	no sure about you all but I see getting into FX market was a right move, many products could be innovated and do away with territorial restriction.
Useful To Me  Not Useful To Me
tongphlp Supreme	07-Aug-2021 17:00        tongphlp About Contact  Quote this Post!
x 0   x 0  Alert Admin	no wonder the saying - the pen is mightier than the sword... Nippon72      ( Date: 06-Aug-2021 20:56) Posted: I sometimes wonder why the analysts are so quick to downgrade a stock that they recommend buy or accumulate earlier. If the analysis holds true, isn' t the price drops now makes it more compelling to buy? I would prefer contrarian views such as: Despite drop, the fundamentals are still strong accumulate further!  Miss target or revenue drops = to neutral, hold or sell is no brainer to me. Lai keechiu who has the gumption to buy now? Vested    PhillipTan      ( Date: 06-Aug-2021 16:40) Posted: SGX extends slide on weak earnings downgraded to ' hold' , ' neutral' Following the Singapore Exchange' s weaker-than-expected first-half financial results on Thursday, at least four research houses have downgraded their recommendations from " buy" to " hold" and " neutral" , citing higher cost projections for the bourse in the coming months. Research teams from UOB Kay Hian, Maybank Kim Eng (Maybank KE) and Jefferies shifted their recommendations to " hold" and also reduced their target prices on the stock. For UOB Kay Hian, this was slashed from S$12.35 to S$11.65. Maybank KE cut its target price from S$11.48 to S$11.33, while Jefferies cut its target price by S$0.10 to S$11.20. Meanwhile, analysts from RHB downgraded their recommendation from " buy" to " neutral" , but also slashed their target price to S$11.10 from S$12.30. SGX' s share price continued sliding on Friday, hitting a low of S$10.94 at 10.06am, translating to a 9.2 per cent or S$1.11 fall from S$12.05 at Wednesday' s close. The revised target prices by the research houses reflect a range of 0.6 to 5.6 per cent upside on SGX' s price of S$11.03 as at 1.03pm on Friday. UOB Kay Hian and RHB observed that SGX' s net profit decline was impacted by lower treasury income that resulted in an almost 20 per cent year-on-year drop in its equities derivatives segment. The announcement of a new scrip dividend scheme was also viewed as " disappointing" . Meanwhile, the analysts also noted that higher staff costs arising from acquisitions such as that of forex trading platform MaxxTrader led to SGX guiding for an 8 to 9 per cent increase in operating expenses in the next financial year. The completion of the MaxxTrader acquisition will add a further S$25 million to SGX' s expenses for FY2022 on an annualised basis, UOB Kay Hian said. Maybank KE acknowledges that SGX has shown a strong performance in the past 12 months, but like its counterparts, is advising to wait for new business growth catalysts to resume - even going as far as to recommend switching to buying DBS stock for " improving operational delivery and upside risks from write-backs" . It also credits SGX' s competitive advantage over regional exchanges, thanks to its deep liquidity pools and sizeable market share in key risk management derivative products, noting that a sooner-than-expected Covid-19 macro recovery may drive higher market volumes and liquidity. Jefferies notes that credit ratings agency Moody' s has given SGX an Aa2, the highest given by the agency to any exchange, adding that it is a fan of the investments the bourse has made to diversify its revenue sources, its poor earnings notwithstanding. " We agree that a continued low-rate environment will attract investors to SGX' s multi-asset offering," Jefferies said. " However... we think the counter is fairly valued. Further, initiation of a scrip scheme for the FY2022 dividend will weigh on sentiment, notwithstanding the fact that the capital cushion will be handy for defensive and offensive purposes." Shares of SGX were trading at S$10.99 as at 2pm on Friday, down S$0.34 or 3 per cent.
Useful To Me  Not Useful To Me
Nippon72 Veteran	07-Aug-2021 16:54        Nippon72 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
x 0   x 0  Alert Admin	I am cognisant these analysts have their own agenda or to justify their paycheck they must publish something very month. I only refer to the numbers they furnish to address any concern I have   eg cashflow data, dividend payout and sometimes chairman' s announcement.    I am non wiser to go thru the stack of numbers.  Vested for I believe SGX has a moat, pays out good dividend based on my cost price & does not require much capital injection. Prefer they offer scrip dividend & perform share buyback.
Useful To Me  Not Useful To Me
PhillipTan Supreme	07-Aug-2021 12:32        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Seems like you are actually one of them You are so acutely aware of their usual salaries drawn hahaha   jackass      ( Date: 06-Aug-2021 22:45) Posted: i want to remind u guys that these " analysts" are only paid 3k per month not sure if we should listen to these poor sods for financial advice Nippon72      ( Date: 06-Aug-2021 20:56) Posted: I sometimes wonder why the analysts are so quick to downgrade a stock that they recommend buy or accumulate earlier. If the analysis holds true, isn' t the price drops now makes it more compelling to buy? I would prefer contrarian views such as: Despite drop, the fundamentals are still strong accumulate further!  Miss target or revenue drops = to neutral, hold or sell is no brainer to me. Lai keechiu who has the gumption to buy now? Vested
Useful To Me  Not Useful To Me
jackass Member	06-Aug-2021 22:45        jackass About Contact  Quote this Post!
x 0   x 0  Alert Admin	i want to remind u guys that these " analysts" are only paid 3k per month not sure if we should listen to these poor sods for financial advice Nippon72      ( Date: 06-Aug-2021 20:56) Posted: I sometimes wonder why the analysts are so quick to downgrade a stock that they recommend buy or accumulate earlier. If the analysis holds true, isn' t the price drops now makes it more compelling to buy? I would prefer contrarian views such as: Despite drop, the fundamentals are still strong accumulate further!  Miss target or revenue drops = to neutral, hold or sell is no brainer to me. Lai keechiu who has the gumption to buy now? Vested    PhillipTan      ( Date: 06-Aug-2021 16:40) Posted: SGX extends slide on weak earnings downgraded to ' hold' , ' neutral' Following the Singapore Exchange' s weaker-than-expected first-half financial results on Thursday, at least four research houses have downgraded their recommendations from " buy" to " hold" and " neutral" , citing higher cost projections for the bourse in the coming months. Research teams from UOB Kay Hian, Maybank Kim Eng (Maybank KE) and Jefferies shifted their recommendations to " hold" and also reduced their target prices on the stock. For UOB Kay Hian, this was slashed from S$12.35 to S$11.65. Maybank KE cut its target price from S$11.48 to S$11.33, while Jefferies cut its target price by S$0.10 to S$11.20. Meanwhile, analysts from RHB downgraded their recommendation from " buy" to " neutral" , but also slashed their target price to S$11.10 from S$12.30. SGX' s share price continued sliding on Friday, hitting a low of S$10.94 at 10.06am, translating to a 9.2 per cent or S$1.11 fall from S$12.05 at Wednesday' s close. The revised target prices by the research houses reflect a range of 0.6 to 5.6 per cent upside on SGX' s price of S$11.03 as at 1.03pm on Friday. UOB Kay Hian and RHB observed that SGX' s net profit decline was impacted by lower treasury income that resulted in an almost 20 per cent year-on-year drop in its equities derivatives segment. The announcement of a new scrip dividend scheme was also viewed as " disappointing" . Meanwhile, the analysts also noted that higher staff costs arising from acquisitions such as that of forex trading platform MaxxTrader led to SGX guiding for an 8 to 9 per cent increase in operating expenses in the next financial year. The completion of the MaxxTrader acquisition will add a further S$25 million to SGX' s expenses for FY2022 on an annualised basis, UOB Kay Hian said. Maybank KE acknowledges that SGX has shown a strong performance in the past 12 months, but like its counterparts, is advising to wait for new business growth catalysts to resume - even going as far as to recommend switching to buying DBS stock for " improving operational delivery and upside risks from write-backs" . It also credits SGX' s competitive advantage over regional exchanges, thanks to its deep liquidity pools and sizeable market share in key risk management derivative products, noting that a sooner-than-expected Covid-19 macro recovery may drive higher market volumes and liquidity. Jefferies notes that credit ratings agency Moody' s has given SGX an Aa2, the highest given by the agency to any exchange, adding that it is a fan of the investments the bourse has made to diversify its revenue sources, its poor earnings notwithstanding. " We agree that a continued low-rate environment will attract investors to SGX' s multi-asset offering," Jefferies said. " However... we think the counter is fairly valued. Further, initiation of a scrip scheme for the FY2022 dividend will weigh on sentiment, notwithstanding the fact that the capital cushion will be handy for defensive and offensive purposes." Shares of SGX were trading at S$10.99 as at 2pm on Friday, down S$0.34 or 3 per cent.
Useful To Me  Not Useful To Me
Nippon72 Veteran	06-Aug-2021 20:56        Nippon72 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
x 0   x 0  Alert Admin	I sometimes wonder why the analysts are so quick to downgrade a stock that they recommend buy or accumulate earlier. If the analysis holds true, isn' t the price drops now makes it more compelling to buy? I would prefer contrarian views such as: Despite drop, the fundamentals are still strong accumulate further!  Miss target or revenue drops = to neutral, hold or sell is no brainer to me. Lai keechiu who has the gumption to buy now? Vested    PhillipTan      ( Date: 06-Aug-2021 16:40) Posted: SGX extends slide on weak earnings downgraded to ' hold' , ' neutral' Following the Singapore Exchange' s weaker-than-expected first-half financial results on Thursday, at least four research houses have downgraded their recommendations from " buy" to " hold" and " neutral" , citing higher cost projections for the bourse in the coming months. Research teams from UOB Kay Hian, Maybank Kim Eng (Maybank KE) and Jefferies shifted their recommendations to " hold" and also reduced their target prices on the stock. For UOB Kay Hian, this was slashed from S$12.35 to S$11.65. Maybank KE cut its target price from S$11.48 to S$11.33, while Jefferies cut its target price by S$0.10 to S$11.20. Meanwhile, analysts from RHB downgraded their recommendation from " buy" to " neutral" , but also slashed their target price to S$11.10 from S$12.30. SGX' s share price continued sliding on Friday, hitting a low of S$10.94 at 10.06am, translating to a 9.2 per cent or S$1.11 fall from S$12.05 at Wednesday' s close. The revised target prices by the research houses reflect a range of 0.6 to 5.6 per cent upside on SGX' s price of S$11.03 as at 1.03pm on Friday. UOB Kay Hian and RHB observed that SGX' s net profit decline was impacted by lower treasury income that resulted in an almost 20 per cent year-on-year drop in its equities derivatives segment. The announcement of a new scrip dividend scheme was also viewed as " disappointing" . Meanwhile, the analysts also noted that higher staff costs arising from acquisitions such as that of forex trading platform MaxxTrader led to SGX guiding for an 8 to 9 per cent increase in operating expenses in the next financial year. The completion of the MaxxTrader acquisition will add a further S$25 million to SGX' s expenses for FY2022 on an annualised basis, UOB Kay Hian said. Maybank KE acknowledges that SGX has shown a strong performance in the past 12 months, but like its counterparts, is advising to wait for new business growth catalysts to resume - even going as far as to recommend switching to buying DBS stock for " improving operational delivery and upside risks from write-backs" . It also credits SGX' s competitive advantage over regional exchanges, thanks to its deep liquidity pools and sizeable market share in key risk management derivative products, noting that a sooner-than-expected Covid-19 macro recovery may drive higher market volumes and liquidity. Jefferies notes that credit ratings agency Moody' s has given SGX an Aa2, the highest given by the agency to any exchange, adding that it is a fan of the investments the bourse has made to diversify its revenue sources, its poor earnings notwithstanding. " We agree that a continued low-rate environment will attract investors to SGX' s multi-asset offering," Jefferies said. " However... we think the counter is fairly valued. Further, initiation of a scrip scheme for the FY2022 dividend will weigh on sentiment, notwithstanding the fact that the capital cushion will be handy for defensive and offensive purposes." Shares of SGX were trading at S$10.99 as at 2pm on Friday, down S$0.34 or 3 per cent.
Useful To Me  Not Useful To Me
PhillipTan Supreme	06-Aug-2021 16:40        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	SGX extends slide on weak earnings downgraded to ' hold' , ' neutral' Following the Singapore Exchange' s weaker-than-expected first-half financial results on Thursday, at least four research houses have downgraded their recommendations from " buy" to " hold" and " neutral" , citing higher cost projections for the bourse in the coming months. Research teams from UOB Kay Hian, Maybank Kim Eng (Maybank KE) and Jefferies shifted their recommendations to " hold" and also reduced their target prices on the stock. For UOB Kay Hian, this was slashed from S$12.35 to S$11.65. Maybank KE cut its target price from S$11.48 to S$11.33, while Jefferies cut its target price by S$0.10 to S$11.20. Meanwhile, analysts from RHB downgraded their recommendation from " buy" to " neutral" , but also slashed their target price to S$11.10 from S$12.30. SGX' s share price continued sliding on Friday, hitting a low of S$10.94 at 10.06am, translating to a 9.2 per cent or S$1.11 fall from S$12.05 at Wednesday' s close. The revised target prices by the research houses reflect a range of 0.6 to 5.6 per cent upside on SGX' s price of S$11.03 as at 1.03pm on Friday. UOB Kay Hian and RHB observed that SGX' s net profit decline was impacted by lower treasury income that resulted in an almost 20 per cent year-on-year drop in its equities derivatives segment. The announcement of a new scrip dividend scheme was also viewed as " disappointing" . Meanwhile, the analysts also noted that higher staff costs arising from acquisitions such as that of forex trading platform MaxxTrader led to SGX guiding for an 8 to 9 per cent increase in operating expenses in the next financial year. The completion of the MaxxTrader acquisition will add a further S$25 million to SGX' s expenses for FY2022 on an annualised basis, UOB Kay Hian said. Maybank KE acknowledges that SGX has shown a strong performance in the past 12 months, but like its counterparts, is advising to wait for new business growth catalysts to resume - even going as far as to recommend switching to buying DBS stock for " improving operational delivery and upside risks from write-backs" . It also credits SGX' s competitive advantage over regional exchanges, thanks to its deep liquidity pools and sizeable market share in key risk management derivative products, noting that a sooner-than-expected Covid-19 macro recovery may drive higher market volumes and liquidity. Jefferies notes that credit ratings agency Moody' s has given SGX an Aa2, the highest given by the agency to any exchange, adding that it is a fan of the investments the bourse has made to diversify its revenue sources, its poor earnings notwithstanding. " We agree that a continued low-rate environment will attract investors to SGX' s multi-asset offering," Jefferies said. " However... we think the counter is fairly valued. Further, initiation of a scrip scheme for the FY2022 dividend will weigh on sentiment, notwithstanding the fact that the capital cushion will be handy for defensive and offensive purposes." Shares of SGX were trading at S$10.99 as at 2pm on Friday, down S$0.34 or 3 per cent.
Useful To Me  Not Useful To Me
PhillipTan Supreme	06-Aug-2021 14:59        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Wait patiently for next market crash, maybe it will   matthew_kuan      ( Date: 06-Aug-2021 14:11) Posted: Will ever go down to SGD7-8/share again?  ahbui8      ( Date: 06-Aug-2021 12:27) Posted: This SGX above $10 cannot get in one lah, remember the super high in 2007 think got reach above $17, from 2007 till now, how many years it' s take to trade above $10 again. The profit margin of SGX is way too low as compare to other exchange.
Useful To Me  Not Useful To Me
matthew_kuan Member	06-Aug-2021 14:57        matthew_kuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	It keeps getting stuck @ 11...who is buying up? Cannot wait for it to drop to 7-8.... john_ric      ( Date: 06-Aug-2021 12:25) Posted: Back to above 11
Useful To Me  Not Useful To Me
matthew_kuan Member	06-Aug-2021 14:11        matthew_kuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will ever go down to SGD7-8/share again?  ahbui8      ( Date: 06-Aug-2021 12:27) Posted: This SGX above $10 cannot get in one lah, remember the super high in 2007 think got reach above $17, from 2007 till now, how many years it' s take to trade above $10 again. The profit margin of SGX is way too low as compare to other exchange.
Useful To Me  Not Useful To Me
ahbui8 Master	06-Aug-2021 12:27        ahbui8 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This SGX above $10 cannot get in one lah, remember the super high in 2007 think got reach above $17, from 2007 till now, how many years it' s take to trade above $10 again. The profit margin of SGX is way too low as compare to other exchange.
Useful To Me  Not Useful To Me
john_ric Supreme	06-Aug-2021 12:25        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	Back to above 11
Useful To Me  Not Useful To Me

                                                         First   < Newer   721-740 of 2759   Older>   Last