Singapore Exchange Ltd *Official* (SGX:S68)

[Perisher]

SGX
FA - since 2017 to 2021, revenue and net income very stable.
Dividend since 2017 to 2021, slight uptrend.
TA - Daily chart, likely found new bottom 8.93, price moving above 20SMA and near to 50SMA
Weekly chart, price slowly moving up.
My conclusion: SGX price drop mainly due to the exiting of MSCI. If you been following news, SGX is working on getting more stocks, etf and etc to be listed. SGX has been buying back shares, doing this will help to reduce the price falling effect. Also help to increase company value per share.
Long term still a good investment.
I'm vested at 10.01, not selling.

I'm vested in NDAQ... and it's awesome...

 

[Andrew833]

I'm vested in NDAQ... and it's awesome...

Nice but volatile

 

[TehSi99]

SGX couldn't hold its price. Dropped from $10.

Most probably going to drop again on XD.

 

[TehSi99]

SGX huge drop today.
Price dropped from 9.8 to 9.53 with no trades of other prices in-between.

Noticed few other stocks including SGX has twice or more volume than normal and price dropped. Few other counters is the opposite. And all has high volume.

 

[dappermen]

can the mod help to clear up? there are so many threads on just SGX, sg stk exchange!
i got a hard time searching for this!

https://www.businesstimes.com.sg/co...yse-join-hands-for-company-dual-listings-etfs

 

[Shion]

Singapore expects more US-listed Chinese firms coming to its shores: SGX CEO​

https://www.straitstimes.com/busine...ed-chinese-firms-coming-to-its-shores-sgx-ceo
SINGAPORE (BLOOMBERG) - Singapore Exchange (SGX) sees more listings in the coming months by Chinese issuers that already trade American depository receipts, even as it grapples with delayed deals amid a global valuation slump.

Following Nio's technical listing in May, investors can expect others to follow suit, chief executive officer Loh Boon Chye said in an interview. If market conditions are supportive for the rest of the exchange's fiscal year through June, "there would be fund raising, but if they are not as conducive, it will be a technical secondary listing", he added.

The bourse's effort to woo Chinese firms comes as they face greater regulatory and delisting risks in the United States, prompting a hunt for alternative venues including Switzerland. Listing plans globally this year have waned with investors deterred by high inflation and rising interest rates. Companies that have delayed offerings for units in Singapore include big-ticket names such as Thai Beverage and Olam Group.

SGX last month inked an accord with the New York Stock Exchange that allows for better collaboration on dual listings of companies, among other matters. "It allows companies that are already listed to think of another overseas exchange, if they do want to, and the MOU (memorandum of understanding) helps in terms of joint marketing," Mr Loh said.

There are at least 11 China-domiciled firms that have listings in both the US and Singapore, data compiled by Bloomberg shows.

Mr Pol de Win, SGX's head of global sales and origination, previously said that the exchange was in talks with companies in China and South-east Asia operating in areas such as financial tech and consumer tech that it would like to attract.

On potential homecoming listings by Grab Holdings and Sea, Mr Loh said "there are other companies listed in the US that we want to talk to".

Here are some other takeaways from the conversation with Mr Loh:

• Potential special purpose acquisition companies are waiting to see mergers conducted by the first wave of blank-cheque companies in Singapore to see how the process unfolds, he said

• The exchange is looking to invest, acquire or partner with firms that provide data, indexes or technologies for asset classes such as currencies and commodities, and capital markets generally

• Climate Impact X, a Singapore-based online carbon-credit trading market that is backed by the exchange, aims to launch a spot market by 2023, Mr Loh said

 

[Shion]

Maybank Securities keeps 'buy' on SGX on stronger derivative outlook​

https://www.theedgesingapore.com/ca...ies-keeps-buy-sgx-stronger-derivative-outlook
Maybank Securities analyst Thilan Wickramasinghe has kept his “buy” call on Singapore Exchange (SGX) with a lower target price of $10.65 from $11.20 previously due to adjustments to market run rates and peer valuations.

In his Oct 6 report, Wickramasinghe says a stronger derivative outlook sees Maybank raising its FY2023 EPS by 3%. However, listings uncertainty and new business integration expenses led to lower FY2024 EPS by 3%.

“SGX’s derivatives platform continues to see support as investors look to mitigate and hedge risks in the current global environment,” he adds.

SGX’s Sept figures show futures volumes up 5.1% y-o-y and 14% m-o-m to 22.28 million contracts. According to SGX, the higher derivatives trading volume increased to a record during the month due to higher activity in foreign exchange (FX) and commodity futures.

Wickramasinghe says SGX’s liquid contracts in FX, commodities and indices continue to provide a competitive moat in current market volatility. This is important as the derivatives-led, non-cash equities segment is set to deliver 58% of revenues in FY2023 (about 51% FY2022).

“Singapore’s defensive equity market has held up better than global peers. Our derived market velocity for FY2023 YTD at 29% — while lower than FY2022 (36%) — is similar to pre-Covid FY2017-FY2019 levels. This should give some downside protection to the equities segment revenues going forward, in our view,” says Wickramasinghe.

Under Maybank’s ESG2.0 scoring, SGX receives a 56 — this is above average and its efforts in improving sustainability reporting and action in the financial sector are strong positives. However, improvements to quantitative disclosures in areas such as waste management and diversity could drive a higher score, in Maybank’s view.

Particular areas of note are in board independence and female representation, where the group’s proportions are significantly lower than Hong Kong Stock Exchange (HKEX), Wickramasinghe highlights.

“Maybank believes SGX’s multi-asset approach gives it a strong advantage during market uncertainty, while also increasing regional relevance,” says Wickramasinghe.

As at 11.14am, shares in SGX are trading 7 cents higher or 0.8% up at $8.80.

 

[xp20046]

Heading towards $8 soon . Going to DCA .... Hope there is more shares buy back from SGX... This counter really drop very fast........

 

[TehSi99]

Why this counter dropped so fast and so much?

Maybe have to hold for like 5-10 years to recover?

 

[jywy2005]

From $11 to now almost $8. All the stocks that have S in front I will avoid from now on eg SPH reits, Singtel etc

 

[fearhimwhofearsnothing]

From $11 to now almost $8. All the stocks that have S in front I will avoid from now on eg SPH reits, Singtel etc

Actually, why not buy? End up all privatise and up for sale

Smrt, sph, maybe soon sgx

Just like spg

 

[Shion]

SGX reorganises business model to strengthen its position as a multi-asset exchange​

https://www.straitstimes.com/busine...ngthen-its-position-as-a-multi-asset-exchange
SINGAPORE – The recent revamp of the Singapore Exchange’s (SGX) capital markets division had been on the agenda for at least two years and was seen as vital if the bourse’s business model was to have a greater impact, noted a senior executive.

The move involved the debt capital market and corporate client coverage units being folded into the SGX’s equity capital markets division.

Mr Pol de Win, head of global sales and origination at the SGX Group, said the change will help the bourse better meet the needs of a more diverse base of clients, a step that “has been on our minds for a number of years”.

“Combining these three areas into one unit will allow us to be more deliberate in engaging clients and be more impactful as opposed to them having three conversations with different people from the various units,” he added.

The moves also involve a change of personnel.

SGX Group’s global head of equity capital markets Mohamed Nasser Ismail will leave the company at the end of October after 18 years. The merged capital markets unit will be jointly led by Mr Koh Jin Hoe, now executive director for global sales and origination, and Mr Matthew Song, head of corporate and institutional client coverage.

The reorganisation comes amid a lull in initial public offerings (IPO) and low stock market liquidity.

There were eight new equity listings in the financial year ended June 30, raising $37.6 million in proceeds, compared with 17 IPOs raising $1.9 billion the year before, according to SGX data.

Daily average traded value on the SGX declined 13.4 per cent over the period to $1.1 billion, while total traded value declined 14.1 per cent to $275.5 billion.

Mr de Win, when asked if merging the three units into one capital markets division implies expectations of lower listing and stock market activity, replied that the SGX expects more business in the equity capital markets from next year.

“With higher interest rates, firms will find it more expensive to finance themselves through debt, making the equity market more relevant,” he added.

He noted that the SGX has had talks with a growing number of South-east Asian companies in the new economy – in areas such as technology, innovation, information and digitalisation – that are now mature and large enough to list.

“We see a clear sweet spot where (the) SGX should be the venue of choice for these companies to list.”

Still, the bourse’s derivatives business has grown faster than its capital markets division, from less than 10 per cent of total revenue to over 40 per cent in the past five years, prompting the firm to position itself as a multi-asset exchange.

Mr de Win said: “We can have more meaningful and relevant conversations with global clients when we can talk about markets across Asia and across a spectrum of products as opposed to just one or two products.”

He added that the SGX has been growing its sales coverage and appointing senior personnel overseas to strengthen its multi-asset offering.

 

[sohguanh]

SGX reorganises business model to strengthen its position as a multi-asset exchange​

https://www.straitstimes.com/busine...ngthen-its-position-as-a-multi-asset-exchange
SINGAPORE – The recent revamp of the Singapore Exchange’s (SGX) capital markets division had been on the agenda for at least two years and was seen as vital if the bourse’s business model was to have a greater impact, noted a senior executive.

The move involved the debt capital market and corporate client coverage units being folded into the SGX’s equity capital markets division.

Mr Pol de Win, head of global sales and origination at the SGX Group, said the change will help the bourse better meet the needs of a more diverse base of clients, a step that “has been on our minds for a number of years”.

“Combining these three areas into one unit will allow us to be more deliberate in engaging clients and be more impactful as opposed to them having three conversations with different people from the various units,” he added.

The moves also involve a change of personnel.

SGX Group’s global head of equity capital markets Mohamed Nasser Ismail will leave the company at the end of October after 18 years. The merged capital markets unit will be jointly led by Mr Koh Jin Hoe, now executive director for global sales and origination, and Mr Matthew Song, head of corporate and institutional client coverage.

The reorganisation comes amid a lull in initial public offerings (IPO) and low stock market liquidity.

There were eight new equity listings in the financial year ended June 30, raising $37.6 million in proceeds, compared with 17 IPOs raising $1.9 billion the year before, according to SGX data.

Daily average traded value on the SGX declined 13.4 per cent over the period to $1.1 billion, while total traded value declined 14.1 per cent to $275.5 billion.

Mr de Win, when asked if merging the three units into one capital markets division implies expectations of lower listing and stock market activity, replied that the SGX expects more business in the equity capital markets from next year.

“With higher interest rates, firms will find it more expensive to finance themselves through debt, making the equity market more relevant,” he added.

He noted that the SGX has had talks with a growing number of South-east Asian companies in the new economy – in areas such as technology, innovation, information and digitalisation – that are now mature and large enough to list.

“We see a clear sweet spot where (the) SGX should be the venue of choice for these companies to list.”

Still, the bourse’s derivatives business has grown faster than its capital markets division, from less than 10 per cent of total revenue to over 40 per cent in the past five years, prompting the firm to position itself as a multi-asset exchange.

Mr de Win said: “We can have more meaningful and relevant conversations with global clients when we can talk about markets across Asia and across a spectrum of products as opposed to just one or two products.”

He added that the SGX has been growing its sales coverage and appointing senior personnel overseas to strengthen its multi-asset offering.

For a start please enable fractional shares trading for SGX stock,ETF just like US exchange. And since fractional shares the SGX fees need to revise downwards else it make no money sense say I pay 35 cents and above of fees for a $5 trade?

 

[reddevil0728]

For a start please enable fractional shares trading for SGX stock,ETF just like US exchange. And since fractional shares the SGX fees need to revise downwards else it make no money sense say I pay 35 cents and above of fees for a $5 trade?

I think fractional shares is like too progressive for them when most of their lot size still 100.

Cut it to 1 first at least and reduce the fee

 

[TehSi99]

Actually, why not buy? End up all privatise and up for sale

Smrt, sph, maybe soon sgx

Just like spg

All the S-stocks cmi in the end.

Not sure if it is the one at the helm or business environment. So much ownself talk about revamp, innovation, globalisation, re-training, change of mindset....etc and so much more, yet their own businesses going downhill in the end,

 

[apriliasiao]

SGX is the monopoly of the game here and yet it's share price like sai. Got moat like no moat. lmao

 

[Shion]

BlackRock becomes substantial shareholder of SGX after buying 18,800 shares from the market​

https://www.theedgesingapore.com/ca...reholder-sgx-after-buying-18800-shares-market

 

[Shion]

Commentary: Could mandatory climate reporting make SGX less attractive?​

https://www.channelnewsasia.com/com...-reporting-sustainability-ipo-listing-4651406

 

[Shion]

SGX CEO eyes new growth engines​

https://www.straitstimes.com/business/sgx-ceo-eyes-new-growth-engines

SINGAPORE – The Singapore Exchange (SGX) is eyeing new areas of growth and building partnerships with other bourses to generate more investment opportunities, said chief executive Loh Boon Chye.

Mr Loh, who chairs the World Federation of Exchanges (WFE), a global association for exchanges and clearing houses, expects continued uncertainty in 2025, particularly with potential trade and policy changes under new US President Donald Trump.

“In this highly dynamic environment, our role as a neutral and trusted marketplace where investors can manage risk and uncover opportunities has become even more important,” he said in an interview with the WFE.

Mr Loh noted that geopolitical risks, divergent monetary policies and modest global growth mean investors will hunt for yield in diversified assets and themes.

He cited emerging Asia as a bright spot that investors cannot afford to ignore, which is why the SGX is “building linkages and streamlining access to the region”.

The exchange is working on several projects to create new growth engines, including strengthening its distribution and membership network, and multi-asset offering across commodities, currencies, equities and fixed income.

Its strategy also entails developing products that simplify access to hard-to-reach markets, enhancing investment opportunities across borders and expanding product offerings with new depository receipts, exchange-traded funds (ETFs) and daily leverage certificates (DLCs) that align with global trends.

An ETF tracks or replicates a specific index while a DLC gives investors a leveraged return based on the daily performance of an underlying reference instrument such as the Straits Times Index.

The SGX, which celebrates its 25th anniversary in 2025, is working closely with the Monetary Authority of Singapore Review Group to identify and develop initiatives to improve the equities market.

It also plans to leverage its leadership in bulk commodities and dry forward freight agreements to offer a single, capital-efficient platform

Mr Loh said new market participants such as buy-side firms, asset managers, hedge funds and commodity trade advisers are showing increasing interest in its FX futures as a way to hedge commodity trades.

This creates opportunities to bridge the gap between currencies traded on the SGX and those traded outside centralised exchanges, he added.

Mr Loh is also looking forward to strengthening partnerships across the region to create a more connected and accessible marketplace for investors.

Last August, SGX signed a memorandum of understanding with the Vietnam Stock Exchange that aims for greater cooperation, including exploring cross-listing opportunities between the two bourses.

The Singapore bourse has similar agreements with the exchanges in Indonesia and Thailand, among others, to explore collaboration opportunities.

Analysts have a positive view of the SGX in 2025.

Morningstar equity analyst Roy Van Keulen said SGX tends to shine amid market volatility because, unlike other bourses which have greater exposure to equities, the exchange here has an outsize derivatives market that allows traders to hedge their investments.

Derivatives traded volume rose 10 per cent year on year in December 2024 to 23.2 million contracts and was up 18 per cent in the full year to an all-time high of 298.4 million contracts.

RHB analyst Shekhar Jaiswal expects SGX to report a net profit of $323 million for the six months to Dec 31, 2024 – a 14.7 per cent increase over the same period in the preceding year – underpinned by securities and derivatives growth. The exchange is scheduled to unveil its earnings on Feb 6.

Mr Jaiswal, who has a $12.80 target price for SGX, expects the bourse’s first-half dividends to come in at 17.5 cents a share. The firm paid out 34.5 cents a share in the 2024 fiscal year, up from 32.5 cents a share in 2023.

 

[Shion]

SGX sees leadership changes in FX and technology amid push to revive stock market​

https://www.straitstimes.com/busine...d-technology-amid-push-to-revive-stock-market

SINGAPORE - The Singapore Exchange (SGX) has revamped its foreign exchange (FX) and technology management teams, following several high-level resignations.

Mr Lee Beng Hong, its head of wholesale markets and platforms, is quitting to pursue new opportunities, the SGX said on March 6.

Mr Thijs Jacobs, group chief technology officer, is also stepping down. His responsibilities will be covered by chief information officer Tinku Gupta while the company looks for a successor.

Mr Jean-Philippe Male will become SGX FX chief executive from April 1.

He was previously CEO and co-founder of BidFX, an FX over-the-counter platform business acquired by SGX Group in 2020.

Mr Male was promoted to SGX FX president in mid-2024, and was a driving force behind the significant rise of the over-the-counter foreign exchange business, the SGX said.

SGX Group chief executive Loh Boon Chye said: “These changes reflect our commitment to continuously evolve and strengthen our leadership team to meet the dynamic needs of our business and stakeholders.”


The changes also come amid announcements from the Monetary Authority of Singapore of measures to revitalise the local stock market.

One initiative, launched on Feb 21, will channel $5 billion into selected Singapore fund managers to invest in Singapore stocks.

Regulations will also be streamlined to make the listing process more efficient, and to be more focused and facilitative of listings.

The latest staff changes follow other departures in recent weeks.

Bloomberg reported on Feb 17 that several veterans were leaving SGX, including Ms Frieda Choong, who runs the team in charge of initial public offering approvals, and Ms June Sim, who heads listing compliance at the exchange’s regulatory arm.

Mr Nico Torchetti, a former HSBC Holdings banker who heads SGX’s operations and market services, was also said to be departing, Bloomberg reported, quoting anonymous sources.

SGX RegCo chairman Tan Cheng Han addressed the Blomberg article in an interview with The Straits Times on Feb 21, saying: “Three employees are involved, but I work with only two of them because those two are from the RegCo side.

“So I can speak in relation to those two, and I can say that it has got nothing to do with the current review process and new direction that we want to take from a regulatory standpoint.

“This is actually part and parcel of a typical renewal exercise, and we have already lined up capable younger colleagues who will be able to step into these roles.”