Singapore Exchange (SGX)

[karlmarx]

Very sad. Local tech start-ups don't want to list here. SGX try so hard to go global but no business, has to resort to getting the s-chips back here again.

But Brunei has closer historical and cultural affinity with Malaysia, and to a lesser extent Indonesia, than Singapore. So it should not come as a surprise that Bank Islam Brunei Darussalam is raising money from KL. Perhaps they are seeking to expand their business into Sabah and Sarawak, and their IPO in KL would be viewed favourably by Malaysian regulators.

Owners of Bank Islam Brunei Darussalam probably also believe that Malaysian investors will view them more favourably than Singapore investors, and give them a better valuation. Hong Leong Finance is a Singapore 'bank' and Singapore investors didn't even give HLF a good valuation. This bank is slightly smaller than HLF, and far from the mind space of Singapore investors. I'm not so sure Singapore investors will be excited by this offering.

[YMPL]

Very sad. Local tech start-ups don't want to list here. SGX try so hard to go global but no business, has to resort to getting the s-chips back here again.

But Brunei has closer historical and cultural affinity with Malaysia, and to a lesser extent Indonesia, than Singapore. So it should not come as a surprise that Bank Islam Brunei Darussalam is raising money from KL. Perhaps they are seeking to expand their business into Sabah and Sarawak, and their IPO in KL would be viewed favourably by Malaysian regulators.

Owners of Bank Islam Brunei Darussalam probably also believe that Malaysian investors will view them more favourably than Singapore investors, and give them a better valuation. Hong Leong Finance is a Singapore 'bank' and Singapore investors didn't even give HLF a good valuation. This bank is slightly smaller than HLF, and far from the mind space of Singapore investors. I'm not so sure Singapore investors will be excited by this offering.

Based on the preliminary info, it is a global IPO, or in other words, not only targeting domestic investors. Bursa was not in favor by foreign investors now, due to BN recent control, and the valuation of MYR.

[Boon]

Bank Islam Brunei Darussalam was formed through the merger of Islamic Bank of Brunei and Islamic Development Bank of Brunei in 2005.

Being an Islamic bank, to them, where to list, could be a pretty straight forward decision.

Malaysia is a much more sophisticated and established Islamic finance centre than Singapore. 

[Image: TA05343.jpg]


As for investments on the bourse, Bursa Malayia Bhd (Bursa Malaysia) had recently launched a new platform to cater to the growing demand of syariah-compliant stocks and syariah investments.

The Bursa Malaysia-i is the world’s first end-to-end integrated Islamic securities exchange platform that offers investors the choice to invest and trade syariah-compliant products via a syariah-compliant platform.

Bursa Malaysia-i incorporates the full range of Shariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services.

http://www.theborneopost.com/2017/03/05/...al-system/
_____________________________________________________________________________________________________________________

[YMPL]

Bank Islam Brunei Darussalam was formed through the merger of Islamic Bank of Brunei and Islamic Development Bank of Brunei in 2005.

Being an Islamic bank, to them, where to list, could be a pretty straight forward decision.

Malaysia is a much more sophisticated and established Islamic finance centre than Singapore. 

[Image: TA05343.jpg]


As for investments on the bourse, Bursa Malayia Bhd (Bursa Malaysia) had recently launched a new platform to cater to the growing demand of syariah-compliant stocks and syariah investments.

The Bursa Malaysia-i is the world’s first end-to-end integrated Islamic securities exchange platform that offers investors the choice to invest and trade syariah-compliant products via a syariah-compliant platform.

Bursa Malaysia-i incorporates the full range of Shariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services.

http://www.theborneopost.com/2017/03/05/...al-system/
_____________________________________________________________________________________________________________________

Thank you Boon, a very good point.

[opmi]

SG also not Islamic Banking centre......

Hey, Singapore already very 'xia sway' today...dont suan any more.....

[touzi]

Former SGX CEO Magnus Bocker dies from cancer

RIP.


http://www.channelnewsasia.com/news/sing...er-9071880

[weijian]

Chinese Backers Planning Singapore's Third Derivatives Exchange

Talks on details for venue at early stage and may change
Apex would be third derivatives bourse in Asian city-state

Singapore may be set to get a third derivatives exchange, this time backed by China. If the new bourse, which would be called Apex, goes ahead, it would be operated by Asia Investment Pte, according to people with knowledge of the matter. Asia Investment is majority-owned by former China Financial Futures Exchange and Dalian Commodity Exchange chief Eugene Zhu Yuchen, with a minor stake held by the firm of hedge fund manager Ge Weidong, according to corporate records in the city-state.

https://www.bloomberg.com/news/articles/...-singapore

[weijian]

SGX Index Edge and FactSet launch a series of thematic indices

Singapore Exchange (SGX) and FactSet today announced the launch of a series of co-branded thematic indices designed to provide investors with exposure to promising regional and global themes. The indices, which have been developed through close collaboration between SGX and FactSet, use FactSet RBICS (Revere Business Industry Classification System) that enables granular industry analysis of companies based on revenue drivers. This provides a unique opportunity to tailor an index portfolio to specific themes for investors globally.

http://infopub.sgx.com/FileOpen/20171009...eID=473380

[cyclone]

Southeast Asian Stock Markets Quietly Kill Their Trading Link

By Andrea Tan
October 13, 2017, 8:54 AM GMT+8

A system that connected stock markets in Malaysia, Singapore and Thailand has closed down, five years after its high-profile debut.

The Asean Trading Link started with Bursa Malaysia and Singapore Exchange Ltd., with The Stock Exchange of Thailand also joining. It was heralded at its launch as breaking the barriers to cross-border trade and offering a single entry-point to three of Southeast Asia’s biggest stock markets, with thousands of listed companies. Bourses in Vietnam, the Philippines and Indonesia were expected to eventually take part.

The link’s end was announced quietly, with Singapore Exchange’s only statement on the move made in a consultation paper on rule changes that was published on Tuesday. “With effect 6 October 2017, the Asean trading linkage will no longer be in operation,” the company said.

https://www.bloomberg.com/news/articles/...ading-link

[cyclone]

Singapore Exchange Chief Hopes to Win World’s Biggest IPO

By Andrea Tan  and Tracy Alloway
October 27, 2017, 7:35 AM GMT+8

Singapore Exchange Ltd.’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering.

“We’re as good as any other exchange,” Loh Boon Chye said in a Bloomberg Television interview in Riyadh, Saudi Arabia. “We stand as good a chance as any others.”

At least half a dozen exchanges including those in New York, London, Hong Kong, Tokyo and Toronto are vying for a slice of Saudi Arabian Oil Co.’s IPO. The head of the kingdom’s local bourse said earlier this week it’s aiming for exclusive rights to host the share sale.

“For global companies that have a significant global presence, listing beyond one venue allows for wider investor participation,” Loh said.

More details in https://www.bloomberg.com/news/articles/...po-chances