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Old 14-04-2015, 10:57 AM   #1
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Singapore Exchange Ltd *Official* (SGX:S68)

What's brewing? Been rising very fiercely. Anyone any idea?
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Old 14-04-2015, 10:59 AM   #2
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Volume surging. Penny rising.
China spill-over effect?

STI hits seven-year high as China bourses surge
http://business.asiaone.com/news/sti...-bourses-surge

As long as it's below 3500, it's still safe to buy a bit here and there.
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Old 14-04-2015, 11:07 AM   #3
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Bought at high price and almost break even now, should I let go or still got chance to chiong.
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Old 14-04-2015, 07:16 PM   #4
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the reason is due to bargain hunting
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Old 14-04-2015, 07:30 PM   #5
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tiagong is because of news of higher trading volume and potential link up story with China.
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Old 14-04-2015, 08:13 PM   #6
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Volume surging. Penny rising.
China spill-over effect?

STI hits seven-year high as China bourses surge
http://business.asiaone.com/news/sti...-bourses-surge

As long as it's below 3500, it's still safe to buy a bit here and there.
Here's an investor that's pretty happy these days:

Temasek is single-largest foreign investor in Chinese banks: report
http://www.businesstimes.com.sg/bank...e-banks-report
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Old 14-04-2015, 11:57 PM   #7
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no, macqueria wrote about the possible of china-singapore connect

The STI added 0.4% last Friday and all eyes were on SGX which surged 2.8% for the day. The shares managed to trade past the $8 mark to close at $8.21 on volumes higher than the 15-day moving average. Macquarie Equities Research (MER) released a research report before the trading session last Friday (10th April), stating that a Singapore-China stock connect could be a possibility in the next 12-18 months. MER has an ‘Outperform’ rating on SGX with a 12-month target price of $8.50. Excerpts from the research report as shown….

Event
The value of trades from Mainland China to Hong Kong (the “southbound trades“) on the China-HK connect soared to a daily record of HK$26bn (S$4.3bn) on 9 April 2015.

MER thinks a similar connect mechanism, the Singapore-China stock connect, could be a possibility in the next 12-18 months, and a tailwind for the stock.

Impact
What a Singapore-China stock connect could be – The stock connect could allow China investors to trade stocks listed on SGX. Similarly, investors could directly buy China stocks through SGX.

Why will China choose Singapore/SGX? – (i) Good relationship with China. Singapore was the 2nd - after Hong Kong - to offer RMB clearing services. (ii) Sufficient RMB liquidity. As one of the top offshore RMB hubs, Singapore would have the ability to clear these transactions settled in RMB.

What does SGX have to offer China investors? – (i) REITs and business trusts. The high dividend yields could attract them. (ii) China-related companies listed on SGX. China investors have shown – for now – a preference for familiar names. (iii) ASEAN exposure. Companies in ASEAN (Indo, Thai) could offer higher earnings growth potential compared to China.

How much revenue potential for SGX? – Net profit could increase by 8% from MER’s base case. This is based on MER’s assumption of a 30% increase in securities trading activities, 50% profit sharing agreement, and no China stocks bought through SGX.

When this could happen? – 7 months was the time it took, between the formal announcement by China, and the launch of the China-HK connect. SGX could potentially launch a similar connection in a similar time frame.

So… what is missing? – China may only be focused on connecting further with Hong Kong. However, China can benefit from a wider outreach as it continues to liberalise, MER believes. Both can be done concurrently, MER thinks.

Earnings and target price revision
No change.

Price catalyst
12-month price target: S$8.50 based on a dividend discount model (DDM) methodology.
Catalyst: Newsflow on Singapore-China stock connect, new CEO, regulations

MER’s action and recommendation
MER has an Outperform rating on SGX – Target Price S$8.50.

For now, MER expects SGX to benefit from higher A50 futures volumes from increased volatility in China. Structurally, SGX will continue to benefit from a shift of derivatives to the exchange-traded platform, we believe.

SGX’s ability to generate high operating cashflow and zero debt on its balance sheet is a major support for future dividend payouts of >90%, and dividend yields of >3.5% in MER’s view.
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Old 15-04-2015, 12:06 AM   #8
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heard news mention what " direct link with china trading"?

what that means?
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Old 15-04-2015, 12:07 AM   #9
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any chance to hit $10?
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Old 15-04-2015, 09:35 AM   #10
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no, macqueria wrote about the possible of china-singapore connect

The STI added 0.4% last Friday and all eyes were on SGX which surged 2.8% for the day. The shares managed to trade past the $8 mark to close at $8.21 on volumes higher than the 15-day moving average. Macquarie Equities Research (MER) released a research report before the trading session last Friday (10th April), stating that a Singapore-China stock connect could be a possibility in the next 12-18 months. MER has an ‘Outperform’ rating on SGX with a 12-month target price of $8.50. Excerpts from the research report as shown….

Event
The value of trades from Mainland China to Hong Kong (the “southbound trades“) on the China-HK connect soared to a daily record of HK$26bn (S$4.3bn) on 9 April 2015.

MER thinks a similar connect mechanism, the Singapore-China stock connect, could be a possibility in the next 12-18 months, and a tailwind for the stock.

Impact
What a Singapore-China stock connect could be – The stock connect could allow China investors to trade stocks listed on SGX. Similarly, investors could directly buy China stocks through SGX.

Why will China choose Singapore/SGX? – (i) Good relationship with China. Singapore was the 2nd - after Hong Kong - to offer RMB clearing services. (ii) Sufficient RMB liquidity. As one of the top offshore RMB hubs, Singapore would have the ability to clear these transactions settled in RMB.

What does SGX have to offer China investors? – (i) REITs and business trusts. The high dividend yields could attract them. (ii) China-related companies listed on SGX. China investors have shown – for now – a preference for familiar names. (iii) ASEAN exposure. Companies in ASEAN (Indo, Thai) could offer higher earnings growth potential compared to China.

How much revenue potential for SGX? – Net profit could increase by 8% from MER’s base case. This is based on MER’s assumption of a 30% increase in securities trading activities, 50% profit sharing agreement, and no China stocks bought through SGX.

When this could happen? – 7 months was the time it took, between the formal announcement by China, and the launch of the China-HK connect. SGX could potentially launch a similar connection in a similar time frame.

So… what is missing? – China may only be focused on connecting further with Hong Kong. However, China can benefit from a wider outreach as it continues to liberalise, MER believes. Both can be done concurrently, MER thinks.

Earnings and target price revision
No change.

Price catalyst
12-month price target: S$8.50 based on a dividend discount model (DDM) methodology.
Catalyst: Newsflow on Singapore-China stock connect, new CEO, regulations

MER’s action and recommendation
MER has an Outperform rating on SGX – Target Price S$8.50.

For now, MER expects SGX to benefit from higher A50 futures volumes from increased volatility in China. Structurally, SGX will continue to benefit from a shift of derivatives to the exchange-traded platform, we believe.

SGX’s ability to generate high operating cashflow and zero debt on its balance sheet is a major support for future dividend payouts of >90%, and dividend yields of >3.5% in MER’s view.
Ah, thanks, Sinkie. Everytime price move up so fiercely, i suspect there must be some news or rumours behind it. Too bad for me, i started selling 3 weeks back at the 8.03-8.16 thinking price is attractive only the see price move up lightning speed. Just hit 8.67. Damn. Always sell too early.
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Old 22-04-2015, 10:55 AM   #11
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Price came down for a few sraight days after SGX issued a denial of any tie up with china side. Today price suddenly rise aggressively again. Hmm.....
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Old 22-04-2015, 11:07 AM   #12
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Price came down for a few sraight days after SGX issued a denial of any tie up with china side. Today price suddenly rise aggressively again. Hmm.....

huh but I see a lot in red
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Old 22-04-2015, 12:15 PM   #13
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huh but I see a lot in red
He means the sgx company stock itself
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Old 22-04-2015, 11:46 PM   #14
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Price came down for a few sraight days after SGX issued a denial of any tie up with china side. Today price suddenly rise aggressively again. Hmm.....
Singapore bourse equity-trade link to start in July

22 Apr7:10 PM
[SINGAPORE] Taiwan will open a cross-border stock trading platform with Singapore on July 1, a regulator said.

Taiwan is seeking to draw more global investors into its equity market, Financial Supervisory Commission Minister Tseng Ming-chung said in Taipei on Wednesday as he outlined the program's start date. The link follows the opening of cross- border trading between Shanghai and Hong Kong in November.

"Capital internationalization is a global trend," Tseng said at a forum. "We want to push internationalization of Taiwan's security market, starting regionally and then to countries farther away." The Taiwan and Singapore bourse operators made a pact in September to study an exchange link, with Taiwan Stock Exchange Corp. Chairman Lee Sush-der saying then that it would take about six months. Taiwan's 150 biggest stocks will be eligible for investment through the program, Michael Lin, president of the exchange operator, said in December.
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Old 22-04-2015, 11:48 PM   #15
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SINGAPORE Exchange (SGX) on Wednesday posted a 16.4 per cent increase in net profit attributable to equity holders of S$88.2 million for its third quarter ended March 31, 2015.

Operating revenue rose 20.4 per cent to S$199.3 million. Earnings per share were 8.2 Singapore cents for the quarter, compared to the 7.1 cents a year ago.

Excluding Energy Market Company's (EMC) revenue of S$5.8 million, all businesses recorded higher revenues compared to a year earlier. SGX completed the acquisition of EMC on Oct 1, 2014, making EMC a wholly owned subsidiary.

It declared an interim dividend of four Singapore cents, unchanged from the last quarter.

SGX's counter added 22 cents or 2.7 per cent to finish at S$8.52 on Wednesday.
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