Singapore Exchange (SGX)

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An new effort on boosting the SGX listing...

MPA aims to boost maritime stock listings

SINGAPORE (Oct 15): The Maritime Port Authority of Singapore (MPA) is taking the lead in a tripartite working group recently formalised to promote maritime listings on the Singapore Exchange (SGX ( Valuation: 1.70, Fundamental: 2.70)).

In formalising the working group for maritime listings, MPA -- together with its two partners Singapore Exchange and the Singapore Shipping Association (SSA) -- is seeking to realise the ambition of building Singapore into a maritime financial hub.
...
http://www.theedgemarkets.com/sg/article...k-listings
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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(15-10-2015, 09:13 AM)CityFarmer Wrote: An new effort on boosting the SGX listing...

MPA aims to boost maritime stock listings

SINGAPORE (Oct 15): The Maritime Port Authority of Singapore (MPA) is taking the lead in a tripartite working group recently formalised to promote maritime listings on the Singapore Exchange (SGX ( Valuation: 1.70, Fundamental: 2.70)).

In formalising the working group for maritime listings, MPA -- together with its two partners Singapore Exchange and the Singapore Shipping Association (SSA) -- is seeking to realise the ambition of building Singapore into a maritime financial hub.
...
http://www.theedgemarkets.com/sg/article...k-listings

of course lah as rationale lenders like banks are all backing off backing these companies with tough times ahead...

so need to find suckers mah...

anything new here?
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http://www.straitstimes.com/business/sgx...nance-code

SGX knuckles down over corporate governance code

  
It's time listed firms realise it is in their own interest to comply, and not just pay lip service
Goh Eng Yeow
Senior Correspondent

Most shareholders - especially the smaller ones - have little say over how a listed company is run.
Yet, they bear all the risks if they invest in the listed company. They pour money in, hoping the firm's ability to grow its profits will lead to a rising share price and a better dividend payout that would, in turn, help them grow their nest egg.
To mitigate the risks for investors, myriad rules have been introduced over the years to safeguard their interests.

One of the most important is the Code of Corporate Governance, brought in 14 years ago. It provides a set of guidelines on how listed companies should be directed and controlled, touching on sensitive issues such as the composition of a listed company's board and the disclosure of directors' pay.
Adherence to the code is voluntary but - and this is the catch - firms that do not comply have to give reasons in their annual reports.
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SGX 1Q report, and most importantly, is the increased in dividend, from 4 cent to 5 cents per share. A confidence boost from the newly on board CEO?  Big Grin

(not vested)

SGX reports net profit growth for Q1 FY2016 and highlights business priorities

SGX today announced net profit of $99 million, up 28% year-on-year for Q1 FY 2016, following growth in all
businesses apart from Issuer Services. Revenue was up 30% to $220 million. The Board of Directors has declared
an interim dividend of 5 cents per share, up from 4 cents per share, payable on 5 November 2015.
CEO Loh Boon Chye highlighted that efforts to improve liquidity in the Securities market are moving in the right
direction. Improving liquidity is one of his three business priorities for the exchange, the other two being to
diversify SGX’s business mix and to maintain cost discipline.
...
http://infopub.sgx.com/FileOpen/News%20R...eID=374275
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply
(21-10-2015, 05:32 PM)CityFarmer Wrote: SGX 1Q report, and most importantly, is the increased in dividend, from 4 cent to 5 cents per share. A confidence boost from the newly on board CEO?  Big Grin

(not vested)

SGX reports net profit growth for Q1 FY2016 and highlights business priorities

SGX today announced net profit of $99 million, up 28% year-on-year for Q1 FY 2016, following growth in all
businesses apart from Issuer Services. Revenue was up 30% to $220 million. The Board of Directors has declared
an interim dividend of 5 cents per share, up from 4 cents per share, payable on 5 November 2015.
CEO Loh Boon Chye highlighted that efforts to improve liquidity in the Securities market are moving in the right
direction. Improving liquidity is one of his three business priorities for the exchange, the other two being to
diversify SGX’s business mix and to maintain cost discipline.
...
http://infopub.sgx.com/FileOpen/News%20R...eID=374275

All the more the equities mkt will be conveniently forgotten...
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(21-10-2015, 06:32 PM)greengiraffe Wrote:
(21-10-2015, 05:32 PM)CityFarmer Wrote: SGX 1Q report, and most importantly, is the increased in dividend, from 4 cent to 5 cents per share. A confidence boost from the newly on board CEO?  Big Grin

(not vested)

SGX reports net profit growth for Q1 FY2016 and highlights business priorities

SGX today announced net profit of $99 million, up 28% year-on-year for Q1 FY 2016, following growth in all
businesses apart from Issuer Services. Revenue was up 30% to $220 million. The Board of Directors has declared
an interim dividend of 5 cents per share, up from 4 cents per share, payable on 5 November 2015.
CEO Loh Boon Chye highlighted that efforts to improve liquidity in the Securities market are moving in the right
direction. Improving liquidity is one of his three business priorities for the exchange, the other two being to
diversify SGX’s business mix and to maintain cost discipline.
...
http://infopub.sgx.com/FileOpen/News%20R...eID=374275

All the more the equities mkt will be conveniently forgotten...

Er... I am interpreting that it is one of the top three business priorities, isn't it?  Tongue
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
Reply
(21-10-2015, 08:38 PM)CityFarmer Wrote:
(21-10-2015, 06:32 PM)greengiraffe Wrote:
(21-10-2015, 05:32 PM)CityFarmer Wrote: SGX 1Q report, and most importantly, is the increased in dividend, from 4 cent to 5 cents per share. A confidence boost from the newly on board CEO?  Big Grin

(not vested)

SGX reports net profit growth for Q1 FY2016 and highlights business priorities

SGX today announced net profit of $99 million, up 28% year-on-year for Q1 FY 2016, following growth in all
businesses apart from Issuer Services. Revenue was up 30% to $220 million. The Board of Directors has declared
an interim dividend of 5 cents per share, up from 4 cents per share, payable on 5 November 2015.
CEO Loh Boon Chye highlighted that efforts to improve liquidity in the Securities market are moving in the right
direction. Improving liquidity is one of his three business priorities for the exchange, the other two being to
diversify SGX’s business mix and to maintain cost discipline.
...
http://infopub.sgx.com/FileOpen/News%20R...eID=374275

All the more the equities mkt will be conveniently forgotten...

Er... I am interpreting that it is one of the top three business priorities, isn't it?  Tongue

Still, u can't simply let the basic equity mkt grind to death...

With low volatilities prevailing post the last few turbulent months, it will be interesting to see if the performance will be sustained...
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"Ultimately, buyers beware remains the key discipline. You should not approach an investment expecting the laws to protect you."

Free for all better?

SGX raises transaction disclosure requirement

   The SGX said while the list will be widened from Dec 1, companies will have the freedom to decide the level of details they include.ST FILE PHOTO
Published
2 hours ago
  [/url]
From Dec 1, privy list a must for deals that can have an impact on a firm or its share price
[url=http://www.straitstimes.com/authors/wong-wei-han]Wong Wei Han


The rule requiring companies to keep a list of certain transactions which contain details of parties who are privy to the deal so the Singapore Exchange can undertake more efficient investigations will soon be widened.
Currently, the privy list is needed only for what are known as significant transactions, such as takeovers or major acquisitions.
But from Dec 1, the rule will apply to all material transactions, the bourse announced yesterday.

Material transactions are those that can have a tangible impact on a company or its share price, including significant transactions such as acquisitions, or smaller events such as loss of a major contract.
The list, which was implemented in March last year, will remain confidential, with only the SGX enabled to request it for regulatory purposes, chiefly insider-trading investigations.
And while the rule will be broadened from Dec 1, companies will have the freedom to decide the level of details they include.
"Due to concerns about the privacy of personal data, companies will be given the flexibility of deciding what information the list will contain. More personal data can be provided at a later stage," the SGX said.
The Securities Investors Association (Singapore) - Sias - which was consulted by the SGX on the new requirement, welcomes the initiative.
Sias chief executive David Gerald told The Straits Times: "Any effort to reduce the instances of regulatory breaches will certainly benefit investors."
Activist investor Mano Sabnani backed the move, adding that the SGX has been on the right track in improving its regulatory regime, but there is still room for further enhancements.
"One thing that I hope to see is for the corporate governance code to move towards becoming actual listing rules rather than just guidelines, which some companies have simply sidestepped," he added.
The SGX also announced yesterday that it will scrap the requirement that asks listed companies or their controlling shareholders to privately notify the bourse of significant transactions.
The change takes effect from Dec 1.
"Feedback received showed an overall lack of consensus on the right timing for such private notifications," the SGX noted.
Mr Robson Lee, a partner at law firm Gibson, Dunn & Crutcher, said the notification requirement, which was also rolled out in March last year, was impractical and the SGX was right to drop it.
"Currently, parties involved in a negotiation that may lead to merger and acquisition transactions are expected to notify SGX immediately. But these negotiations usually take a long time, with multiple start-stops along the way," Mr Lee said.
Mr Gerald noted that amid the new rules, it is still important for retail investors to exercise due diligence. "Ultimately, buyers beware remains the key discipline. You should not approach an investment expecting the laws to protect you."
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Capital mkts oso jelek... no end to bad news it seems... jelek... 

http://www.straitstimes.com/business/com...ipo-market

The Straits Times
Bring the mojo back to the IPO market, Companies & Markets News & Top Stories - The Straits Times
Companies & Markets News -One blot marred the Singapore Exchange's report card when it turned in a sterling set of quarterly results recently - a lack of decent- sized initial public offerings (IPOs).. Read more at straitstimes.com.
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As they can't float in core mkts...http://www.straitstimes.com/business/companies-markets/more-mining-companies-to-list-in-spore


The Straits Times
More mining companies 'to list in S'pore', Companies & Markets News & Top Stories - The Straits Times
Companies & Markets News -At least six mining-related companies are likely to list in Singapore over the next 12 months despite the plunge in commodity prices, according to a mining consultancy.. Read more at straitstimes.com.
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