Singapore Exchange (SGX)

Amazing run these few days and I wonder if SGX will issue a query to itself questioning the surge in shares price? Forget about low liquidity, corporate governance issue, penny stock saga, system breakdowns etc...to me, this is one counter, IMHO, that will always make a comeback. If one has the holding power and fire power to avg down when price goes south, I can't say this will be a sure win but certainly a high chance of winning. My experience tells me don't be too greedy with this counter, but at the same time, don't be to worry.

(14-04-2015, 07:59 PM)Ben Wrote: Amazing run these few days and I wonder if SGX will issue a query to itself questioning the surge in shares price? Forget about low liquidity, corporate governance issue, penny stock saga, system breakdowns etc...to me, this is one counter, IMHO, that will always make a comeback. If one has the holding power and fire power to avg down when price goes south, I can't say this will be a sure win but certainly a high chance of winning. My experience tells me don't be too greedy with this counter, but at the same time, don't be to worry.

I like your last statement. SGX is never a ten-baggar stock due to its market cap.

I remember the days when TSE took a unde 5% stake and talks of collaboration (Tokyo-SG link anyone?) shot through the roof, together with SGX's stock price (15sgd if i remember). I believe TSE are still on paper losses until now. More recently, there was the time when the listing of ADRs and all the hoo-ha of the future unification of the ASEAN financial markets/exchanges cooked up the exburence of crowds (including me) who believed 'carp diem' (the best is yet to be!). Of course, since then, Mr Bocker managed to unlock all these, starting with his failed merger (read: takeover) of ASX.

Since taking a stake in 2009, the ride with SGX has been a journey of self discovery and experiencing the ups/downs of Mr Market at first hand. There will be more to come.

So, no in the process for the SH-SG link. IMO, the link is only possible, after the SZ-HK link established and settle down...

(vested)

SGX quashes market rumours on establishment of Shanghai-Singapore trading link

SINGAPORE (Apr 15): The Singapore Exchange has quashed market rumours that it is in the process of establishing a link along the lines of the Shanghai-Hong Kong Stock Connect.

In a filing to the exchange, SGX said, ”In response to a query from our regulator, the Monetary Authority of Singapore, on 15 April 2015, Singapore Exchange Limited (SGX) ( Financial Dashboard) wishes to make a clarification on market rumours in news reports including The Straits Times on 14 April 2015 and The Business Times on 15 April 2015, about a potential stock trading link with SGX along the lines of the Shanghai-Hong Kong Stock Connect.

“SGX is not currently in the process of establishing such a link, but remains open to future collaborations which benefit our partners and shareholders. SGX will notify the market of any material developments as required under the Securities and Futures Act and the SGX-ST Listing Rules.”
...
http://www.theedgemarkets.com/sg/article...ading-link

The view of Citi on the China link matter. IMO, SGX is keen, but it is premature for China side. Comparing the past experience of ASX-SGX and GlobalQuote, with the newly liberalized stock market of second largest economy, might mislead the matter...

Past setbacks could be why SGX not keen yet on China link, says Citi

SINGAPORE (April 16): The Singapore Exchange's failed trading link with the Australian stock market and the limited success of its GlobalQuote board could be why it opted not to set up a link, fashioned after the Shanghai-Hong Kong Stock Connect, with China, according to Citi.

SGX quashed speculation that it would follow in the footsteps of Hong Kong to establish its own trading link with China to allow cross-border investment in shares. The rumours sent SGX shares up as much as 8.5% over the last four sessions.

"For a link to be viable, there has to be a natural demand-supply for flow along this link. The limited success of SGX-ASX or GlobalQuote may suggest that this condition was not met," Citi analyst Robert Kong wrote in a note.

SGX shut down a securities trading link with the Australian Stock Exchange in 2006 following poor demand for the service. The SGX-ASX link was launched in 2001 to enable investors in Singapore to buy and sell shares of Australia-listed companies directly, and vice versa.

SGX GlobalQuote has also had little success since its launch in 2010. The board was set up to allow investors to buy and sell securities in Nasdaq-listed companies during Asian trading hours.

In any case, the recent run-up in SGX shares was premature as setting up a trading link between two exchanges takes time, according to Kong.
...
http://www.theedgemarkets.com/sg/article...-says-citi

What does SGX has to offer for the SG-SH link? Liquidity? Quality companies?

NYSE or LSE will link first before SGX.

Frankly, I look SGX no up.

(17-04-2015, 09:35 AM)opmi Wrote: What does SGX has to offer for the SG-SH link? Liquidity? Quality companies?

NYSE or LSE will link first before SGX.

Frankly, I look SGX no up.

Investor naivety and daftness

(17-04-2015, 09:35 AM)opmi Wrote: What does SGX has to offer for the SG-SH link? Liquidity? Quality companies?

NYSE or LSE will link first before SGX.

Frankly, I look SGX no up.

What does HKSE offer to SH-HK link? The same is offered by SGX, as a comparable regional financial hub. SGX as the regional hub within South Asia, should never be undermined, IMO

NYSE and LSE are comparable, but time zone is way out. Time zone is a critical consideration.

This is a very important "infrastructure" for further collaboration...

SGX, Bank of China and BOC International expand collaboration on RMB, stock market

SINGAPORE (Apr 17): Singapore Exchange may have quashed rumours that it is establishing a trading connection between itself and its Chinese counterparts.

But that has not stopped it from forging a closer relationship with Mainland financial institutions to boost its business.

The bourse operator this morning said it has signed respective framework for collaborations with the Bank of China (BOC) and BOC International Holdings Limited (BOCI) on Renminbi initiatives and embarking on joint activities that will contribute to the growth of both financial markets.

The collaboration is an extension of BOC and SGX’s Memorandum of Understanding (MOU) first signed in 2013, which will increase their cooperation to strengthen the RMB infrastructure in both markets.

This will include more RMB-denominated products and solutions, such as the development of RMB-denominated commodities and derivatives contracts, as well as enhancing RMB clearing and settlement services.
...
http://www.theedgemarkets.com/sg/article...ock-market

The infrastructure is here. BOC is already RMB clearing bank in Singapore. We have RMB listed stock as well.

But we don't have the "spirit". Nobody going to trade RMB stocks here unless SGX figures out how to solve the "chicken and egg" liquidity issue.