S68.SI - Singapore Exchange Limited
| Previous close | 8.28 |
| Open | 8.35 |
| Bid | 8.39 x 0 |
| Ask | 8.41 x 0 |
| Day's range | 8.33 - 8.48 |
| 52-week range | 7.40 - 10.72 |
| Volume | 6,494,600 |
| Avg. volume | 6,055,805 |
| Market cap | 8.988B |
| Beta (5Y monthly) | 0.80 |
| PE ratio (TTM) | 21.82 |
| EPS (TTM) | 0.38 |
| Earnings date | 30 Jul 2020 |
| Forward dividend & yield | 0.30 (3.62%) |
| Ex-dividend date | 04 May 2020 |
| 1y target est | 7.97 |
- Bloomberg
Singapore landlords need a post-Covid remake
Every third dollar changing hands on Singapore Exchange is because of someone buying or selling units in a real estate investment trust. But has the city’s REIT mania gone a bit too far?
- Reuters
Singapore Exchange's growth ambitions undermined by MSCI's HK move
Singapore Exchange <SGXL.SI> faces a threat to its growth strategy after index provider MSCI decided to shift licensing of many derivatives to Hong Kong, jeopardising the status of what was just a month ago one of the best sector performers globally. SGX shares fell 7% on Thursday, extending the previous day's 11.6% slump - the biggest in over 16 years - as analysts cut their earnings forecasts after MSCI's surprise announcement on Wednesday. Rapid growth in derivatives products, led by equities, has buoyed SGX's business over the past few years.
- Reuters
Singapore Exchange's growth ambitions undermined by MSCI's Hong Kong move
Singapore Exchange <SGXL.SI> faces a threat to its growth strategy after index provider MSCI decided to shift licensing of many derivatives to Hong Kong, jeopardising the status of what was just a month ago one of the best sector performers globally. SGX shares fell 7% on Thursday, extending the previous day's 11.6% slump - the biggest in over 16 years - as analysts cut their earnings forecasts after MSCI's surprise announcement on Wednesday. Rapid growth in derivatives products, led by equities, has buoyed SGX's business over the past few years.
- Reuters
Singapore Exchange shares post steepest drop since 2008 on end of MSCI licence
Shares in bourse operator Singapore Exchange Ltd <SGXL.SI> suffered their steepest daily fall in more than a decade after the company said its profit would be hit when a licence to offer a suite of regional equity derivatives ends in February 2021. Hong Kong Exchanges and Clearing Ltd <0388.HK> will instead host trade in the contracts, which are tied to MSCI Inc's <MSCI.N> indexes and licensed from MSCI. Singapore Exchange estimates a potential 10-15% hit to next year's profit as a result.
- Reuters
Singapore Exchange third-quarter profit hits 13-year high as trading volumes surge amid pandemic
Singapore Exchange's profit jumped 38% to a 13-year high in the January-March quarter as extreme market volatility amid the coronavirus outbreak boosted equities and derivatives trading volumes. Other exchanges are also likely to benefit from the rising volatility, although SGX's strength in derivative products means it is particularly well placed among Asian bourses to do so. "With uncertainty around the eventual economic and financial impact of COVID-19 and path to recovery, these elevated levels of volatility are likely to be prolonged," Chief Executive Loh Boon Chye said in a statement on Friday.
- Reuters SG
Hit by coronavirus? Come clean, Singapore bourse tells companies
Singapore Exchange's regulatory chief called on listed companies to provide "prompt and high quality" information on the impact of the novel coronavirus on their business or risk a loss of investor confidence. SGX RegCo's CEO Tan Boon Gin gave the guidance in a column on Wednesday, just as Singaporean companies begin issuing quarterly results that will reflect the impact so far of the coronavirus pandemic.
BloombergThis trading mania is a boon for Singapore Exchange
Singapore Exchange Ltd. is benefiting from the frenzied buying and selling of assets that the coronavirus outbreak has triggered.
- Reuters SG
SE Asia Stocks-Bounce back on stimulus hopes; Singapore biggest gainer
* Trump vows to take "major" steps to shield economy * Singapore sees best session since June 2016 * Recovery in oil prices boosts energy stocks By Shruti Sonal March 10 (Reuters) - Southeast Asian stocks ended higher on Tuesday, rebounding from steep losses in the previous session, on rising hopes that stimulus measures from global policymakers would help shield economies from the impact of the coronavirus. U.S. Treasury yields edged higher and oil prices recovered some losses after U.S. President Donald Trump vowed to take "major" steps to blunt the economic impact of the coronavirus outbreak, while speculation of more rate cuts and fiscal stimulus measures by central banks across the world also rose. "A combination of bargain hunting after previous session's sharp declines and hopes of more stimulus measures have led to some respite for markets in the region," said Joel Ng, a Singapore-based analyst at KGI Securities.
- Reuters SG
SE Asia Stocks-Most rise on stimulus hopes, bargain hunting
* Trump vows to take "major steps" to shield economy * Singapore shares see best session since Dec. 2018 * Philippine stocks fall for third straight session By Shruti Sonal March 10 (Reuters) - Most Southeast Asian stock markets bounced back on Tuesday from steep falls in the previous session, as investors picked up beaten-down stocks amid speculation of coordinated stimulus measures from central banks. U.S. President Donald Trump vowed to take "major" steps to shield the economy against the impact of the coronavirus outbreak, while speculation of more central bank rate cuts and fiscal stimulus measures also rose. Selling pressure eased in most Southeast Asian markets, in line with their broader Asian peers, but investors remained cautious.
- Reuters SG
SGX posts record derivative volumes in February amid coronavirus fears
Singapore Exchange Ltd (SGX) on Monday posted record derivatives trading volumes in February as concerns over the economic impact from the coronavirus outbreak sent investors hunting for instruments that limited risk exposure. The virus outbreak, which has claimed over 3,800 lives around the world, has rattled investors and curbed risk sentiment across global financial markets. Coronavirus-related fears sent global stocks nose diving on Monday, with losses compounded by free-falling crude oil prices.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Greece launched the sale of a majority stake in state-controlled gas utility DEPA's wholesale and retail business, its privatisation agency said. ** German agriculture group BayWa is in advanced talks with Credit Suisse over the sale of a minority stake in its renewables business for a potential value of 2 billion euros ($2.2 bln) including debt, two people familiar with the matter said. ** Global commodities trader Trafigura is in advanced talks to buy more than 10% of an Angolan general's stake in its fuel retail arm Puma Energy by the end of the year, sources familiar with the matter said.
- Reuters
Singapore Exchange buys index provider for $206 million
Singapore Exchange Ltd (SGX) is acquiring independent index provider Scientific Beta Pte Ltd for 186 million euros ($206.35 million) in its biggest deal, in a move aimed at scaling up its index business. Compared with traditional indices that pick constituents mainly based on market value, smart-beta indexes add in other factors such as volatility, earnings growth and dividends.
- Reuters SG
Singapore Exchange buys index provider for $206 mln
Singapore Exchange Ltd (SGX) is acquiring independent index provider Scientific Beta Pte Ltd for 186 million euros ($206.35 million) in its biggest deal, in a move aimed at scaling up its index business. In a statement on Thursday, SGX CEO Loh Boon Chye said the acquisition was complementary to SGX's indexes and opened up new product opportunities.
- Reuters SG
Singapore bourse seeks tighter norms on retail bonds after Hyflux's collapse
Singapore Exchange Ltd's (SGX) regulatory unit is looking into imposing stricter regulations for listed retail bonds, including tightening the admission criteria, a move that follows a high profile default by water treatment company Hyflux. In a statement on Thursday, Singapore Exchange Regulation (SGX RegCo) said it had set up a working group comprising representatives from law firms, banks and an investor group to review the retail bonds regulatory framework.
- Reuters SG
RPT-China markets feel the pain of stalled derivatives rollout
SHANGHAI/HONG KONG, Nov 4 (Reuters) - A long list of stock and currency derivatives has been lying in wait for regulatory approval at the China Financial Futures Exchange (CFFEX), some for nearly a decade. "You need to tell the public that not every fund manager coming to China is George Soros, that you use derivatives to manage long positions, not to short China," the exchange's vice president Zhang Xiaogang told a seminar in Shanghai. Zhang told his audience of mostly China-based executives of global money managers to speak up for the benefits of derivatives in investments, as "bad public perception makes it difficult for new products to be approved".
- Reuters SG
China markets feel the pain of stalled derivatives rollout
SHANGHAI/HONG KONG, Nov 4 (Reuters) - A long list of stock and currency derivatives has been lying in wait for regulatory approval at the China Financial Futures Exchange (CFFEX), some for nearly a decade. "You need to tell the public that not every fund manager coming to China is George Soros, that you use derivatives to manage long positions, not to short China," the exchange's vice president Zhang Xiaogang told a seminar in Shanghai. Zhang told his audience of mostly China-based executives of global money managers to speak up for the benefits of derivatives in investments, as "bad public perception makes it difficult for new products to be approved".
- Reuters
SE Asia Stocks-Most fall as trade uncertainty, slowdown worries bite
* Washington plans partial trade deal with Beijing at Chile summit * Indonesia set to post biggest weekly gain in nearly 5 months * Singapore Exchange rises 7.5% after strong Q1 results By Sameer Manekar Oct 25 (Reuters) - Most Southeast Asian stock markets traded in the red on Friday as uncertainty over the Sino-U.S. trade deal was revived ahead of fresh rounds of negotiations, while concerns about global economic slowdown continued to rattle confidence. Investors are also nervous ahead of a summit in Chile where U.S. President Donald Trump hopes to finalise a partial trade deal with China's Xi Jinping. Also dampening sentiment, a Reuters poll of economists found that the recent truce in the U.S.-China trade dispute is not an economic turning point and has failed to reduce a significant risk that the world's biggest economy could slip into recession in the next two years.
- Reuters SG
UPDATE 1-Singapore Exchange profit at 12-yr high on cross-asset push
Singapore Exchange reported its biggest quarterly net profit in 12 years on Thursday, boosted by customers increasing the number of asset classes that they trade in. The result comes as SGX combined its commodities, currencies and fixed income operations in July as part of a corporate rejig to push growth in multiple asset classes. The changes were among the most significant since veteran banker and CEO Loh Boon Chye joined the bourse four years ago.
- Reuters
UPDATE 1-Bankers hawk hedging as trade war hits China's yuan
In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defences against currency volatility. "Currency swings are now largely at the mercy of geopolitics and Sino-U.S. relations. The latest jolt came early this month, when authorities surprised markets by letting the yuan slide through the psychological support level of 7 to the dollar to decade lows, unsettling Chinese firms such as exporters and heavy borrowers of foreign debt.
- Reuters SG
UPDATE 1-India's NSE and Singapore Exchange win approval for joint derivatives project
India's National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for a planned collaboration in trading stock index-based products from an international financial centre being developed in western India. The two said on Tuesday they had won regulatory approval for their plan, which has been under discussion for months and which envisages bringing trading of the SGX's Nifty futures contract, based on the NSE's Nifty 50 index, to the new centre.
- Reuters
NSE and Singapore Exchange win approval for joint derivatives project
India's National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for a planned collaboration in trading stock index-based products from an international financial centre being developed in western India. The two said on Tuesday they had won regulatory approval for their plan, which has been under discussion for months and which envisages bringing trading of the SGX's Nifty futures contract, based on the NSE's Nifty 50 index, to the new centre.
- Reuters SG
NSE, SGX win approval for joint derivatives project at India's GIFT city
India's National Stock Exchange (NSE) and the Singapore Exchange (SGX) have been given the go-ahead for their international financial centre in western India, they said in a joint statement on Tuesday. The proposed NSE International Financial Service Centre (IFSC)-SGX Connect aims to bring together the trading of Nifty products in Gujarat International Finance Tec-City (GIFT) and create a larger pool of liquidity comprising international and home market participants, the release said. "SGX and NSE will continue to work with all key stakeholders to make the NSE IFSC-SGX Connect operational before the end of 2020, subject to members' readiness and receiving all relevant approvals," the two said.
- Reuters SG
UPDATE 1-Singapore Exchange posts record Q4 revenue as derivatives business booms
Singapore Exchange Ltd reported record revenue for the quarter ending June and its net profit rose 24%, boosted by strong performance at its derivatives business, while its securities business also improved. "We set all-time records in our derivatives volumes and open interest, driven by strong global institutional demand for Asian risk management and investment solutions," Loh Boon Chye, SGX's CEO said in a statement on Wednesday, as the bourse reported full-year results. SGX's fourth-quarter profit advanced to S$103.9 million ($75.9 million) from a year earlier, while total revenue rose 16.5% to a record S$248 million.
- Reuters SG
Singapore Exchange quarterly profit jumps 24%, securities business improves
Singapore Exchange Ltd reported a 24% rise in its net profit for the quarter ending June, and said its securities business had improved in the second half of the year as trading activity picked up. SGX's fourth-quarter profit advanced to S$103.9 million ($75.91 million) from a year earlier, while total revenue rose 16.5% to S$248 million. Derivatives revenue jumped 52% and accounted for just over half of its total revenue.
- Reuters SG
UPDATE 1-Singapore to stop 'Sling' LNG indices, sheds hopes of main price hub
Singapore Exchange will stop producing and publishing its spot price indices - Sling - for liquefied natural gas (LNG), less than four years after their launch, dashing the city-state's hopes of becoming Asia's main pricing hub for the fuel. Sling - short for SGX LNG Index Group - indices will be published until Oct. 31 this year, provided "there is sufficient data for an accurate and robust index to be published", Energy Market Company (EMC) said in an undated statement on its website. Sling was developed jointly by EMC, the market operator of Singapore's wholesale electricity market, and Singapore Exchange (SGX), and introduced in late 2015 in a bid to develop Singapore as a price hub for the super-chilled fuel.
