Singapore Exchange (SGX)

[Stocker]

SGX loses out from SEHK on China company listings, but SGX is the exchange of choice in this region.

(vested)

Offshore services firm POSH seeks US$304 mln to US$334 mln in IPO: Term sheet
08 Apr 2014 09:46
[SINGAPORE] PACC Offshore Services Holdings (POSH)is looking to raise between US$304 million and US$334 million in a Singapore listing, according to a term sheet seen by Reuters.

POSH, which is part of the empire of Malaysia's richest man, Robert Kuok, operates a fleet serving offshore oilfields in Asia, Africa and Latin America.

The company is also reserving the right to issue additional shares worth up to US$46 million under a greenshoe option, meaning the total amount raised could be as much as US$380 million.

Bank of America Merrill Lynch, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd are the joint issue managers, bookrunners and underwriters.

Hwang Investment Management Berhad and Fortress Capital Asset Management are cornerstone investors in the deal. -Reuters

Source: Business Times Breaking News

Kuok took Pacific Carriers private 10 years ago, now back to list it on SGX again.

[pianist]

interesting news..

on a side note, bad news for those working in cbd,
We Are Moving!

Our new SGX CDP Customer Service will be located at:

9 North Buona Vista Drive
#01-19/20 The Metropolis
Singapore 138588

SGX CDP Customer Service located at SGX Centre 2 will be closed on Saturday, 12 April, and will resume business at our new office from 14 April onwards.

after 11 april, seems like cannot just walk to cdp during lunch time and submit my rights/general offer slips..sad sad

[CY09]

Got me interested to know why SGX moved

http://www.mondovisione.com/media-and-re...1-million/

Apparently it seems SGX has decided not to renew the lease for the customer service centre area. Also guys, did you notice the morning news of CNBC Asia is now not televised from SGX centre in Singapore, but the news anchors now are from the Australian side then followed by the HK side (Bernie Low). Just curious does it mean CNBC Singapore has also left its premise at the SGX centre?

[pianist]

nice find..but why a bank likes to buy so big a commercial property space from sgx

[weijian]

SGX loses out from SEHK on China company listings, but SGX is the exchange of choice in this region.

In addition to that, SGX has reached a critical mass for a reputation as a maritime and offshore listing hub (in addition to REIT/trusts and agri-business). Foreign offshore listings include Golden Ocean-secondary listing (Norway), COSCO/YZJ (China) and STX OSV (Korea/Italy)

[cfa]

nice find..but why a bank likes to buy so big a commercial property space from sgx

UOB owned the Shin Kwan house and ICB building, and it developed it into bigger building.

[CityFarmer]

I will pay lower fee soon, albeit a small decrement...

SGX to effect revised securities market fee structure on 1 June

Singapore Exchange (SGX) will introduce its revised securities market fees, with changes to clearing, transfer and onward settlement fees, with effect from 1 June 2014. This initiative is part of SGX’s on-going efforts to strengthen and improve liquidity in Singapore’s securities market.

Following its initial announcement of the revised fees in February, SGX has continuously engaged market participants as they prepare for the implementation of these fee changes. The effective date of 1 June 2014 has been scheduled to provide all market participants with time to complete changes required to their systems and processes.

The revised SGX fees will comprise the following:-
1. Reduced clearing fees
The clearing fee will be reduced from 0.04% to 0.0325% of contract value. The cap of S$600 on this fee for contracts of S$1.5 million, or more, will be removed. Investors, retail and institutions, will benefit from lower transaction costs when investing in SGX stocks.

2. Settlement fees pursuant to a transaction on SGX-ST
Transfer and onward settlements pursuant to on-exchange transactions on SGX-ST will be standardised to a charge of $30 per settlement instruction.

3. Settlement fees for transactions not pursuant to a transaction on SGX-ST
Settlement fees for all settlements not pursuant to transactions on SGX-ST (i.e. not pursuant to an on-exchange transaction) will be standardised to a charge of 1.5 basis points of the settlement value (min $75) per settlement instruction.
...
http://infopub.sgx.com/FileOpen/20140207...eID=290820

[CityFarmer]

OCBC Investment Research's report on the company. Rating HOLD with TP of $7.22

(vested)
-----------
Singapore Exchange: Lowering clearing fees
 Market sentiment has picked up
 Improving liquidity in the market
 Challenging 3Q; maintain HOLD

STI rebounded from recent low
The benchmark Straits Times Index (STI) has rebounded from recent lows, after slipping into negative territory YTD as market concerns mounted over the outlook for emerging markets. Recent gains have brought the STI back into the black for the year, but trading volume on the local bourse remained dismal. While average daily traded volume was relatively flat in 1QCY14, it was down almost 49% YoY. Of concern is that average daily traded value has also come off, down 37% YoY.

Aiming to improve trading, but dampened by mutual access between HKEx and Shanghai
SGX has just announced new securities market fee structure which will kick in from 1 June 2014. The key change is a reduction in clearing fees from 0.04% to 0.0325% of contract value. In addition, the cap of S$600 for contracts of S$1.5m and above will be removed. This will help to reduce transaction costs and also to encourage more trading activities. In addition, SGX is also in discussions with 8-10 market makers, including high-frequency traders, in another initiative to boost trading activity. Meanwhile, China’s Premier Li Keqiang yesterday expressed his support for mutual market access between the stock markets at Shanghai and Hong Kong. This is likely to give the Hong Kong Exchange (HKEx) a major boost.

3QFY14 results on 23 Apr
Singapore Exchange (SGX) is releasing its 3QFY14 report card on 23 Apr 2014. While there were several recent positive announcements including better commodity activities in Mar, we expect overall trading value in the quarter to be almost flat QoQ – in line with our expectations post the 2Q results. We are projecting net earnings growth of 2.5% to S$74.3m for 3QFY14, anticipating a better 4Q to generate our full year earnings projection of S$336.1m. While the latest announcement is positive, we believe that trading activity will still be largely dictated by global market developments, and on this front, the outlook is fairly muted. At current yield of 4%, we are maintaining our HOLD rating and fair value estimate of S$7.22. (Carmen Lee)

http://remisiers.org/cms_images/research..._Pulse.pdf

[kayhian]

SINGAPORE - From Monday, the names of the companies listed on investors' Central Depository (CDP) statements will be the same as the names identified on their trading counters.

The Singapore Exchange (SGX) said that this is part of efforts to improve the securities market for investors and listed companies.

Standardising the names of listed companies on CDP statements means investors can easily recognise the shares they have bought. This update only applies to a company's ordinary shares.

Other information the SGX is looking at improving include the names of other types of securities such as bonds, warrants and exchange-traded funds, as well as the stock code of companies and the legal names of companies.

[corydorus]

SINGAPORE - From Monday, the names of the companies listed on investors' Central Depository (CDP) statements will be the same as the names identified on their trading counters.

The Singapore Exchange (SGX) said that this is part of efforts to improve the securities market for investors and listed companies.

Standardising the names of listed companies on CDP statements means investors can easily recognise the shares they have bought. This update only applies to a company's ordinary shares.

Other information the SGX is looking at improving include the names of other types of securities such as bonds, warrants and exchange-traded funds, as well as the stock code of companies and the legal names of companies.

Investor friendly move. They have been moving in the right direction to righting their integrity into the system. This are long term. I have been saying all this since with the New CEO on-board.