ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

(03-06-2015, 09:30 PM)BlueKelah Wrote: [ -> ]haha doing so many bonds and even those from indonesia! did they forget that indonesia company can decide not to honor their bonds?

Wait next crash see the SGX reputation will be jialat liao...

My view on SGX, still stay, after the divestment.

SGX will remain as key financial hub for funding in the region. I am optimistic on its performance on the coming 2nd half of 2015, and beyond, but I don't think it is a multibaggars stock, with its market cap.

I saw better opportunities around with cheap prices, after the recent pull-back. More than half of stocks in my portfolio, are having single-digit historic PE, and with decent dividend yields.

(not vested)

No changes to STI after quarterly review. The next review is scheduled for 3 September 2015.

YZJ was the last in the previous STI reserve list. The new order in the latest list is, UOL Group, Yangzijiang Shipbuilding Holdings, CapitaLand Commerical Trust, Suntec REIT and Genting Hong Kong.

Keppel Land was out from the list, due to recent privatization, and replaced by Genting.

http://infopub.sgx.com/FileOpen/20150604...eID=354758

(not vested)

Finally the new CEO announcement, 3 weeks before the final day of Mr. Magnus Bocker...

(not vested)

Loh Boon Chye is new CEO of Singapore Exchange

SINGAPORE (June 8): SGX has appointed Loh Boon Chye as its new Chief Executive Officer from July 14.

Loh, aged 51, began as an Investment Officer with the Monetary Authority of Singapore in 1989.

He joined the Singapore branch of Morgan Guaranty Trust Co. of New York in 1992.

From 1995 to 2012, he was with Deutsche Bank AG, Singapore, where he held the posts of Chief Executive of the Global Markets Division in Singapore, and Head of Global Markets – Asia, and was Head of Corporate and Investment Banking for Asia-Pacific.

From December 2012 to early this year, he was with Bank of America – Merrill Lynch as Deputy President and Head of Global Markets for Asia-Pacific.

Chew Choon Seng, Chairman of SGX, said, "We are pleased to welcome Boon Chye as the new CEO. He is very well regarded by everyone who has worked with him and respected as an accomplished leader and team manager. Boon Chye is no stranger to SGX and his knowledge and extensive experience in capital markets equip him well to take SGX forward."
...
http://www.theedgemarkets.com/sg/article...e-exchange

JUN 9, 2015 8:46 PM
[LONDON] The Singapore Exchange Ltd aims to expand in the energy sector and is considering creating a global market in spot liquefied natural gas (LNG) trading as well as an Asian benchmark for crude oil, its president said on Tuesday. http://btd.sg/1GwGvan

A regional trading hub for LNG, similar as the Henry Hub in US, is highly desirable. It will facilitate Singapore to become a regional LNG hub. I am learning on LNG sector. It seems the spot price is always refer to Henry Hub's, after adjustment with logistic cost. Henry Hub's pricing might need necessary reflect the local demand/supply.

Having said so, Singapore as a LNG hub, can only relies on sea-borne logistics, and storage infrastructures. Has Singapore readied for a regional trading hub yet? It might take a while for the trading hub to scale-up, IMO

All comments are welcome, especially for those misconceptions

(sharing a view, from a new learner of LNG sector)

Erroneous CDP statements, has little damage, but might cause more "concern" on SGX processes? I reckon it is just processing error, rather than database inconsistency.

SGX says some CDP customers received erroneous printed monthly statements

SINGAPORE (June 11): SGX says some of its customers may have received erroneous May 2015 Central Depository (CDP) printed account statements.
...
http://www.theedgemarkets.com/sg/article...statements

wow this sounds really risky.

A good news for Singapore, as a regional LNG trading hub... Of course, good news to SGX too...

(not vested)

SGX unveils LNG price index
12 Jun 2015 09:00
By Chan Yi Wen

THE Singapore Exchange (SGX) has unveiled its price index for liquefied natural gas (LNG), in a move aimed at achieving greater transparency in physical spot trading of LNG in Asia.

The index is called the FOB (free on board) Singapore SLInG (short for SGX LNG Index Group), with FOB Singapore referring to cargo in the vicinity of Singapore.

The index is making its debut eight months after Temasek Holdings' gas arm Pavilion Energy announced that it was working with several stakeholders, including SGX and IE Singapore, to develop an LNG price marker, in a move aligned with Singapore's aim of being the regional gas-trading hub.

SGX's wholly owned subsidiary, the Energy Market Company (EMC), unveiled the index at the Energy Trading Leaders Forum here, an event jointly organised by FT Trading Room, a new section of The Financial Times, and market-intelligence firm The Banker.

SGX's vice-president and head of derivatives Michael Syn told The Business Times that data for the FOB Singapore SLInG has been compiled since January.

"It is only now that we feel that we have enough data that we are willing to go public with it," he said.

The weekly index is based on the averaged submissions from international LNG players who offer their fair assessment of LNG cargo prices at a virtual point off Singapore, at specified times in the future.

There are now 13 LNG players on board; 10 more are slated to join the index. Mr Syn said the aim is to maintain a balanced portfolio of net buyers and sellers.

EMC aims to have the index comply with the global benchmark, IOSCO Principles for Financial Benchmarks.
...
Source: Business Times

SGX provides detail of the incidence. Database remains consistent, and a human error...

"Singapore Exchange (SGX) today said it has taken remedial action to address erroneous Central Depository (CDP)
account statements sent to some customers by mail.
Under 1% of about 460,000 May 2015 statements sent out were affected and SGX is re-issuing the printed
statements. The corrected statements should reach all affected accountholders by Tuesday, 16 June 2015.
The issue arose from human error in the printing process for some statements. "

http://infopub.sgx.com/FileOpen/20150612...eID=355856

(11-06-2015, 09:20 PM)CityFarmer Wrote: [ -> ]Erroneous CDP statements, has little damage, but might cause more "concern" on SGX processes? I reckon it is just processing error, rather than database inconsistency.

SGX says some CDP customers received erroneous printed monthly statements

SINGAPORE (June 11): SGX says some of its customers may have received erroneous May 2015 Central Depository (CDP) printed account statements.
...
http://www.theedgemarkets.com/sg/article...statements

What SGX tried to imply was , " it was a mistake but no big deal , no worries " .

A mistake is still a mistake , irregardless of human or non human .