|Bid||9.99 x 0|
|Ask||10.00 x 0|
|Day's range||9.95 - 10.04|
|52-week range||7.96 - 10.72|
|Beta (5Y monthly)||0.27|
|PE ratio (TTM)||21.55|
|Earnings date||22 Apr 2021 - 26 Apr 2021|
|Forward dividend & yield||0.32 (3.20%)|
|Ex-dividend date||29 Jan 2021|
|1y target est||7.97|
The Singapore Exchange (SGX) on Friday issued a list of queries to developer Emerging Towns & Cities (ETC) over its project in Myanmar after a rights group critisised the company for doing business with the military. Singapore is the biggest source of foreign investment into Myanmar, according to the governments of both countries. ETC is developing a commercial and residential project in Myanmar called Golden City, which is being built on land leased from the Myanmar army.
The bourse operator said it will launch the platform, Trumid XT, with New York-based fintech company Trumid and private equity firm Hillhouse Capital. "Trumid XT will connect the commercial footprint and liquidity from SGX's Bond Pro and Trumid's Market Center in the United States to provide a robust network for trading of Asian fixed income," the firms said in a joint statement. Singapore Exchange unit, Asian Gateway Investments, will take about one-third stake in the combined company, which will be paid by selling all its shares in SGX Bond Trading Pte. Ltd., along with cash and some other provisions.
Singapore Exchange said on Tuesday it had issued convertible bonds worth 240 million euros ($289.92 million) to institutional investors through its unit SGX Treasury I Pte Ltd. The three-year zero-coupon bonds could be converted into ordinary shares of the company at an initial conversion price of S$13.0944 ($9.84), it said, at a 32% premium over Monday's closing price of S$9.92. The Singapore bourse operator said proceeds from its maiden convertible bond issuance would be used to refinance existing debt, as well as for general corporate purposes.