(26-11-2015, 04:49 PM)Temperament Wrote: [ -> ]May I know your 2014 5.7% dividend was Total dividend / ?
Hi Uncle Temp,
The calculation was (Total dividend received in 2014) / (NAV @ 1 Jan 2014)
It is a very simplified approach. I don't know how STI has derived the yield, but it should be an more elaborated approach.
So much talk about making bonds available to retailers and yet SGX simply don't care about retailers... they are too small to be bothered with....
GX's bond trading platform for institutional and accredited investors
Published
2 hours ago
We thank Mr Denis Distant for his feedback ("Is dark pool trading really the way to go?"; last Tuesday), which was in response to the article, "SGX to open dark pool in bond trading push" (Nov 19).
The article was referring to the Singapore Exchange's (SGX) platform that facilitates trading of wholesale Asian bonds, SGX Bond Pro.
This is for bonds, not for equities, and is available to institutional and accredited investors such as global asset managers, private banks and investment banks.
Such bonds are typically traded bilaterally (or over the counter), unlike equities.
SGX Bond Pro was developed in collaboration with an industry steering committee comprising wholesale participants in the corporate bond market.
They told us of the need to trade in a centralised venue that does not disclose their interest to others, so that they can place large orders without adversely affecting the bond's price.
This is because participants are likely to change the price if they see a lot of demand or supply in the market.
SGX Bond Pro provides this assurance of privacy and reduces search costs for participants.
The SGX closely monitors global regulations, and we are aware of regulatory scrutiny of dark pools, particularly in the United States.
The scrutiny relates primarily to equity liquidity pools operated by non-exchange affiliated entities, for instance, financial institutions with proprietary trading desks.
These raise concerns of undisclosed conflicts of interest, unequal access and failures to protect client information.
SGX Bond Pro addresses conflict-of-interest concerns by operating as a neutral and licensed market infrastructure provider, which does not have any proprietary trading or affiliates that trade bonds.
We have procedures in place to ensure equal access and market monitoring, to identify and address irregular activity.
We also apply strict standards of protection around confidential client information.
These are all part of SGX's commitment towards ensuring fair and orderly markets.
Tsai Li Renn
Head of Fixed Income Trading
Singapore Exchange
basically due to low liquidity and high compliance costs...
http://www.zaobao.com.sg/realtime/singap...130-554630
多家公司除牌和停牌
沈越
2015年11月30日 0901
[font=宋体, Arial, Helvetica, sans-serif](联合早报网讯)西伯尔科技(Sinotel Technologies)和收购其80.5%股份的Advance Technology Holding今天宣布,将西伯尔科技从新加坡交易所退市除牌(delist),因为其交易流动性太低,而上市合规成本又高。
[font=宋体, Arial, Helvetica, sans-serif]西伯尔科技在今年3月纳入新交所的“观察名单”(Watchlist),即连续三个财年出现税前亏损且市值低于4000万元的上市公司行列。被列入观察名单后必须在24个月里改善情况,否则就会被新交所要求停牌及除牌。[/font]
[font=宋体, Arial, Helvetica, sans-serif]中国纤科(China Fibretech)今天也宣布停牌。此外,主板挂牌公司中渔集团(China Fishery Group)宣告由临时清盘人接管,它和也在主板挂牌的母公司太平洋恩利资源发展(Pacific Andes Resources Development)的股票,即日起都从暂停交易转为停牌。[/font][/font]
'Trade with Caution' alerts to be more detailed, targeted: SGX
The Singapore Exchange says it will be more selective when issuing "Trade With Caution" alerts. The new alerts could also include information gathered from its review of trading activities.
SINGAPORE: The Singapore Exchange (SGX) said on Wednesday (Dec 9) that it will be more selective when issuing “Trade with Caution” (TWC) alerts.
Currently, TWC alerts are generated automatically when a firm says that it is not aware of reasons that could explain the unusual trading in its shares. This follows a query from SGX.
SGX will in future issue such alerts on a case-by-case basis.
“SGX’s public query to a company on unusual share trading already serves as a red flag to investors. To make clearer our concerns about certain unusual activities, we will issue when necessary, the TWC announcements as a second-level heightened alert," SGX Chief Regulatory Officer Tan Boon Gin said in a statement.
SGX will include, where warranted, information gathered from its review of trading activities, he added.
The Singapore bourse operator said the changes follow feedback from investors, market participants and other stakeholders about the current high volume of TWC announcements with little new information.
In the financial year ended Jun 30, 2015, SGX issued 85 public queries that were followed by 47 TWC announcements.
TWC alerts were introduced in March 2014 to draw investors’ attention to unusual trading of a security as well as to remind them that the trading activities were not the result of publicly-known factors.
http://www.channelnewsasia.com/news/busi...32612.html
I have removed a TA post.
Regards
Moderator
Today trade value S$420M , seems low due to holiday mood ?
(28-12-2015, 08:31 PM)cfa Wrote: [ -> ]Today trade value S$420M , seems low due to holiday mood ?
remisier sources indicated many went home without breaking the duck...
It appears to be a fundamental issue of depth and quality of the listings in addition to the lacklustre holiday trading...
Interestingly, mkt is not worth monitoring as prices hardly changed from trading starts to day end...
Even on my core holdings, I oso give up monitoring...
GG
We boast to be World class regional financial centre , more delisting then listing in the pipeline , even resorting to junk bond listings .
Why is our SGX so sick and lifeless ? Now even trade volumes in Bursa also exceed ours .