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Singapore Exchange Limited (S68.SI)

SES - SES Delayed Price. Currency in SGD
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9.96-0.07 (-0.70%)
As of 3:01PM SGT. Market open.
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Neutralpattern detected
Previous Close10.03
Open9.93
Bid9.95 x 0
Ask9.96 x 0
Day's Range9.87 - 9.96
52 Week Range7.96 - 10.72
Volume2,703,000
Avg. Volume3,320,119
Market Cap10.662B
Beta (5Y Monthly)0.27
PE Ratio (TTM)21.47
EPS (TTM)0.46
Earnings DateApr 22, 2021 - Apr 26, 2021
Forward Dividend & Yield0.32 (3.22%)
Ex-Dividend DateJan 29, 2021
1y Target Est7.97
  • Reuters

    Singapore developer seeks trading suspension on queries over Myanmar project

    Emerging Towns & Cities Singapore Ltd (ETC) on Tuesday requested that trading in its shares be suspended and the real estate developer said it would conduct a review of its contracts with Myanmar government ministries and departments. The Singapore Exchange last week issued a list of queries to the company, which is developing a commercial and residential project in Myanmar called Golden City being built on land leased from the Myanmar army. ETC said it would review material contractual payments to the Myanmar government and fund raising proceeds from recent years.

  • Reuters

    Singapore bourse queries developer over Myanmar project

    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.

  • Singapore Exchange Hopes to List SPACs as Early as This Year
    Bloomberg

    Singapore Exchange Hopes to List SPACs as Early as This Year

    (Bloomberg) -- Singapore Exchange Ltd. could list blank-check companies this year if it gets enough support from the industry.An impending market consultation on special purpose acquisition companies this quarter could take some time to get feedback, Chief Executive Officer Loh Boon Chye said in an interview Wednesday. “If the market is supportive, we hope to be able to do that sometime this year.”SPACs became a buzzword last year, sprouting by the dozen as the rich and famous -- from hedge fund billionaire Bill Ackman to former U.S. Speaker of the House Paul Ryan -- and private equity firms rushed to set up new ones. SPACs are increasingly seen as an appealing alternative route to public markets because the process avoids the risk and uncertainty of an initial public offering, though they’ve also been criticized for their structure, where managers -- the founders -- collect fees as an incentive to find a target and complete a deal. Many blank-check companies have turned to Asia to seek takeover targets.The concept isn’t new to the Singapore exchange. It had initiated a consultation on SPAC listings in 2010 -- but there wasn’t enough appetite among businesses and investors back then.“The world has changed, capital markets have evolved since then,” said Loh, who took over as CEO in 2015 after a long career in banking. He added that lower-for-longer interest rates, shorter business cycles, volatile markets and stimulus measures are heightening the need for and the ability to seek capital. SPACs could facilitate that while minimizing market risk exposure by providing another avenue for investment, he said.SPACs could be a way to revive investor interest in Singapore’s stock market. The bourse has struggled to attract big-ticket IPOs over the past few years particularly in hot sectors such as technology. While the market volatility of 2020 was a boon, the value of shares traded remained below its five-year average.SGX expects stock market listings this year in various sectors including technology, he said, as it awaits the mega IPO of Thai Beverage Pcl’s brewery unit. The amount raised in first-time share sales in the city-state slumped to $914 million last year from $3.4 billion in 2017, according to data compiled by Bloomberg.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.