Singapore Exchange (SGX)

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(04-10-2014, 09:16 PM)LLS Wrote: sorry for my comments earlier
I was angry with SGX because I got burned badly in a few S-chip scandals before
so sad... sobs sobs

If you have known that the CEO who rolled out the red carpet for them, even had hundred of thousands of stock given free to him as compensation for not engaging in direct/indirect competition after leaving the company, your anger might have boiled over?

The stock market is full of colluding insiders, stock brokers and big boys, termed as "sharks". Retail investors are the small fish that need to learn to avoid sharks, while swimming with them at the same time.

Rather than "angry with SGX", it might be more productive to be "angrier at yourself". It takes tenacity, self belief and most importantly wisdom, to channel that anger into something productive to learn the survival skill to outwin and outlast, while swimming with the sharks. As the old adage saying goes - "Fool me once, shame on you. Fool me twice, shame on me".

Happy learning! (investing)

(Disclosure: vested in SGX, cumulative S-chip burnt ~30% of portfolio but have figured out that emotions play no good in learning to swim with the sharks)
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SGX is a listed entity, they have their own bottom line to take care , why should they bother about the bottom line of the investors , especially the retail investors ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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(05-10-2014, 06:38 AM)weijian Wrote:
(04-10-2014, 09:16 PM)LLS Wrote: sorry for my comments earlier
I was angry with SGX because I got burned badly in a few S-chip scandals before
so sad... sobs sobs

If you have known that the CEO who rolled out the red carpet for them, even had hundred of thousands of stock given free to him as compensation for not engaging in direct/indirect competition after leaving the company, your anger might have boiled over?

The stock market is full of colluding insiders, stock brokers and big boys, termed as "sharks". Retail investors are the small fish that need to learn to avoid sharks, while swimming with them at the same time.

Rather than "angry with SGX", it might be more productive to be "angrier at yourself". It takes tenacity, self belief and most importantly wisdom, to channel that anger into something productive to learn the survival skill to outwin and outlast, while swimming with the sharks. As the old adage saying goes - "Fool me once, shame on you. Fool me twice, shame on me".

Happy learning! (investing)

(Disclosure: vested in SGX, cumulative S-chip burnt ~30% of portfolio but have figured out that emotions play no good in learning to swim with the sharks)


Always invest with due care in Singapore. Despite having so many laws here, the basic law for investors is that if you die, it is your own problem. You go in with your eyes open.

The law would help you nab small-timers who push magic stones, but the law often can't help you deal with sophisticated bad deals.

Good examples are like your S-chips and minibonds. Investors in HK were compensated, while those in Singapore mostly were not. Same product, different laws.

Rely less on local authorities to help you go after the cheats. It's always the case of "you go in with your eyes opened".
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"Good examples are like your S-chips and minibonds. Investors in HK were compensated, while those in Singapore mostly were not. Same product, different laws."
Unquote:-
i suspect because HK's people has a "culture" of daring to protest on the street, permit or no permit.
Malaysians are quite close. i think as time passes, Singaporeans will slowly learn just after one man one vote once every five years, you can leave everything to the G.
We so far only dare protest in the internet.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(06-10-2014, 08:09 AM)Temperament Wrote: "Good examples are like your S-chips and minibonds. Investors in HK were compensated, while those in Singapore mostly were not. Same product, different laws."
Unquote:-
i suspect because HK's people has a "culture" of daring to protest on the street, permit or no permit.
Malaysians are quite close. i think as time passes, Singaporeans will slowly learn just after one man one vote once every five years, you can leave everything to the G.
We so far only dare protest in the internet.

Same product by same seller but in different countries/markets , but only chose to compensate all investors in Hong kong because they knew they could not swallow the hongkongers , here don't compensate you.. SO WHAT ! What can you do to me.... That was a good case study for those who think the Laws here ''look after '' the investors . Smile
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Reply
Analyst's view on the STI...

Singapore market needs stronger earnings to make headway, says Maybank Kim Eng

Maybank Kim Eng has cut its end-2014 target for the Straits Times Index to 3,170 from 3,500, using a price-to-earnings multiple of 14 times, versus 15 times previously, to reflect weaker earnings growth.

Earnings for 2Q2014 from bellwether names SIA Engineering, ST Engineering and Wilmar International have been disappointing, and the market will only be “re-rated” if earnings “make a convincing recovery”, the stockbroking house said in a note today.

In terms of valuations, the Singapore market does not look attractive trading at 13.2 times forward earnings against a 10% earnings-per-share (EPS) compounded annual growth rate for FY2015 to FY2016, it said.

EPS for FY2014 are expected to fall 2.1% y-o-y, according to Maybank Kim Eng.

And while the local market may look cheap on a price-to-book basis of less than 1.4 times, this is “justifiable” as its returns on equity are expected to weaken to 10% to 11% for FY2014 to FY2016, from an average of 14.7% during FY2008 to FY2012, it added.

The market may start to pick up from next year, with banks leading the way as interest rates begin to rise.

Maybank Kim Eng has a target of 3,440, based on 14 times projected FY2015 earnings, for the Straits Times Index next year.

DBS Group Holdings is the broking firm’s top pick among banks, given its “much stronger” deposit franchise.

Property stocks could, however, remain in the doldrums as more new homes are completed, increasing residential supply.

“As interest rates rise, the appeal of property investment diminishes.

“Higher interest rates will quickly compress seemingly-high median rental yield spreads, which would coincide with a flood of new homes expected in the next three years.

“This comes on top of 2014’s higher-than-usual supply. It is expected to bump up vacancy, already at its highest in eight years, and weaken property prices and rentals.”

In the oil and gas space, lower oil prices would affect rig builders Keppel Corp and Sembcorp Marine as oil companies rein in spending, it said.

Operators of offshore support vessels, on the other hand, should hold up better than rig builders as an influx of new rigs this year and next should “precipitate a return in demand” for such vessels.

“Furthermore, the industry’s increasing migration to the production stage should benefit OSV owners and operators with the right assets.”

Maybank Kim Eng’s top picks in the oil and gas sector are Nam Cheong, Vard Holdings, Pacific Radiance, PACC Offshore Services Holdings, Ezion Holdings and Mermaid Maritime.
http://www.theedgesingapore.com/the-dail...-eng-.html
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Nice to know that the end-year dividend of $0.16 per share was credited into the bank account yesterday.

The company share price lost 5% upon the recent correction. I have reviewed the original story, and the story remains sound. Looking forward for a fruitful year in FY2015. The growth of derivative market will continue, while the equity market will resume in FY2015, with more tradings and listings to be expected.

(vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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Should have done this profiling 1 year ago. Now then rara and still with no results... seriously still dare to show face... dunno what to say...

This is the second profiling - his smiling face was all over latest Edge magazine...

http://www.businesstimes.com.sg/companie...nnies-fall

MARKET SURVEILLANCE
View from watchtower as the pennies fall
SGX's head of surveillance regulation talks about one of the most exciting days of his 14-year career and what keeps him motivated at the Exchange

By
Kenneth Limkenlim@sph.com.sg@KennethLimBT
BT_20141020_KLKELVIN20_1327152.jpg Mr Koh says 'every day presents me with new challenges, and I think I play a meaningful role in upholding trust and confidence for the investor as well as in the marketplace'. PHOTO: YEN MENG JIIN
20 Oct5:50 AM
Singapore

ON Oct 4, 2013, Kelvin Koh, head of surveillance regulation at the Singapore Exchange (SGX), was at work by 8am, just a little earlier than usual; he would not leave for home that day until about 10pm, though.

When the markets opened at 9am, the stocks of a few counters
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I thought the 'View from watchtower as the pennies fall' subject title was pretty sarcastic. Reminds me of how certain folks like to paint the GahMen as watching and making policies from their ivory towers.. Big Grin
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wait till u read the full article... i tell you its hopeless journalism... practically nothing citing investigation...

I really wonder how to be convinced by his work...

GG

(20-10-2014, 03:06 PM)weijian Wrote: I thought the 'View from watchtower as the pennies fall' subject title was pretty sarcastic. Reminds me of how certain folks like to paint the GahMen as watching and making policies from their ivory towers.. Big Grin
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