S68.SI - Singapore Exchange Limited

SES - SES Delayed Price. Currency in SGD
8.22
0.00 (0.00%)
At close: 5:04PM SGT
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Previous Close8.30
Open8.28
Bid8.21 x 0
Ask8.22 x 0
Day's Range8.20 - 8.28
52 Week Range6.72 - 8.61
Volume1,216,100
Avg. Volume2,641,141
Market Cap8.636B
Beta (3Y Monthly)0.69
PE Ratio (TTM)22.58
EPS (TTM)0.36
Earnings DateOct 24, 2019
Forward Dividend & Yield0.30 (3.65%)
Ex-Dividend Date2019-10-10
1y Target Est7.97
  • Singapore Exchange Weighs Smaller Deals as Mergers Implode
    Bloomberg

    Singapore Exchange Weighs Smaller Deals as Mergers Implode

    (Bloomberg) -- As global bourses come to terms with the failure of the latest mega-merger, Singapore Exchange Ltd. is sticking to its incremental approach.SGX, which tried to buy ASX Ltd. in a deal rejected by the Australian government in 2011, still wants to strike deals, though another blockbuster expedition is unlikely. Instead, it’s eyeing potential acquisitions in financial technology as well as of firms that complement existing capabilities, according to its recently appointed equities head.“It is very difficult to persuade another exchange that you want to buy them and then take up lots of costs, precisely because these are national infrastructures,” Michael Syn, who oversees both the stock and futures markets, said in a recent interview. “That is very hard to do in very regulated marketplaces.”The softly-softly strategy may make it hard for SGX to catch up with other Asia-Pacific players, especially Hong Kong Exchanges & Clearing Ltd., which has a market capitalization about six times larger than its Singapore rival. However, HKEX has lost a chance to jump even further ahead with its decision last week to abandon a 29.6 billion pound ($36.9 billion) takeover bid for London Stock Exchange Group Plc.Recent SGX deals have included investment in companies such as BidFX and 1exchange, a platform that uses blockchain technology to record trades of private securities.As well as scouting for suitable acquisitions, Syn said SGX is working on a number of projects that play to its strengths as a stable, higher-yielding market at a time of weakening global economic growth.New InitiativesSyn said he views delistings and the lack of big initial public offerings in Singapore as part of the natural market cycle, though both these factors have been seen as constraining the growth of the equity market. Just this month, Southeast Asia’s biggest property portal PropertyGuru Pte. kick-started plans to list on the Australian stock exchange, more than 10 years after being founded in Singapore.An IPO “is not a hunting exercise,” said Syn. Most of the process is driven by the issuer and the bankers, so the job of the exchange “is to make sure that your platform is ready, that you have the right to play and the right to win when someone comes along.” He sees secondary fundraisings continuing to make up most of what SGX offers in terms of new capital formation in the next two years.So far this year, SGX shares have gained more than 17% compared to the 1.4% gain in the city-state’s benchmark index and HKEX’s 4.7% rise.Here are the initiatives Syn, who took on the equities role in June after leading the bourse’s derivatives business, is looking at:Launching more single-stock futures, starting with Singapore shares. Though SGX hasn’t announced a date, Syn said the launch horizon for such products is typically a year or less. The SGX already offers single-stock futures on Indian equitiesIntroducing derivatives on freight capacity, meeting demand from ship owners; SGX is also looking at products that allow for the purchase of container freight places, rather like booking a hotel or a flight on ExpediaSetting up systems that allow retail clients to trade via social media applications such as Facebook Inc.’s WhatsApp or Tencent Holdings Ltd.’s WeChatOne area where it has put on the brakes is cryptocurrency, Syn said. SGX had looked at offering physical Bitcoin futures, along the lines of Intercontinental Exchange Inc.’s Bakkt unit. But after studying the technology, SGX couldn’t overcome concerns about becoming a Bitcoin custodian.Read about the start of trading in Bitcoin deliverable futures“We figured we could make it reasonably hackproof, but there would be contagion on the reputation if there’s a breach, regardless of insuring away the financial loss,” Syn said.That reputation is especially important as SGX markets itself as a haven of stability in a turbulent world.“In a negative-yield world, people will rediscover the virtues of yield assets with nominal return, and upside exposure to equity risk premium,” said Syn. “That’s not the traditional way to sell a stock market, but we expect more capital to come in and lubricate the liquidity flywheel.”(Updates with additional comments from executive in last paragraph.)\--With assistance from Zhen Hao Toh.To contact the reporters on this story: Joanna Ossinger in Singapore at jossinger@bloomberg.net;Ishika Mookerjee in Singapore at imookerjee@bloomberg.netTo contact the editors responsible for this story: Joyce Koh at jkoh38@bloomberg.net, Marcus WrightFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Only 1 Days Left To Cash In On Singapore Exchange Limited (SGX:S68) Dividend
    Simply Wall St.

    Only 1 Days Left To Cash In On Singapore Exchange Limited (SGX:S68) Dividend

    Singapore Exchange Limited (SGX:S68) is about to trade ex-dividend in the next 1 days. If you purchase the stock on or...

  • Have Insiders Been Selling Singapore Exchange Limited (SGX:S68) Shares?
    Simply Wall St.

    Have Insiders Been Selling Singapore Exchange Limited (SGX:S68) Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • Singapore Exchange Limited (SGX:S68): What Are The Future Prospects?
    Simply Wall St.

    Singapore Exchange Limited (SGX:S68): What Are The Future Prospects?

    The most recent earnings release Singapore Exchange Limited's (SGX:S68) announced in July 2019 indicated that the...

  • Don't Sell Singapore Exchange Limited (SGX:S68) Before You Read This
    Simply Wall St.

    Don't Sell Singapore Exchange Limited (SGX:S68) Before You Read This

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Thomson Reuters StreetEvents

    Edited Transcript of S68.SI earnings conference call or presentation 31-Jul-19 10:00am GMT

    Full Year 2019 Singapore Exchange Ltd Earnings Presentation

  • NSE and Singapore Exchange win approval for joint derivatives project
    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.

  • What Do Analysts Think About Singapore Exchange Limited's (SGX:S68) Growth?
    Simply Wall St.

    What Do Analysts Think About Singapore Exchange Limited's (SGX:S68) Growth?

    In March 2019, Singapore Exchange Limited (SGX:S68) released its earnings update. Generally, analysts seem cautiously...

  • Reuters

    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.

  • Moody's

    Tien Phong Commercial Joint Stock Bank -- Moody's assigns B2 foreign-currency debt rating to TPBank's proposed USD subordinated bonds

    Moody's Investors Service has assigned a B2 foreign currency debt rating to Tien Phong Commercial Joint Stock Bank's (TPBank, B1 stable, b1) proposed subordinated bonds. 2. A one-notch deduction to reflect the bonds' higher loss severity and subordination relative to senior obligations, resulting in a preliminary rating assessment of b2 and subordinated debt rating of B2. TPBank's subordinated bonds will likely be treated as Tier 2 capital by the State Bank of Vietnam, and will not have any loss-absorption features ahead of the point of non-viability.

  • Singapore Exchange (SGX:S68) Shareholders Have Enjoyed A 13% Share Price Gain
    Simply Wall St.

    Singapore Exchange (SGX:S68) Shareholders Have Enjoyed A 13% Share Price Gain

    When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...

  • Moody's

    Frasers Centrepoint Trust -- Moody's confirms FCT's Baa1 rating; outlook stable

    Moody's Investors Service ("Moody's") confirmed the Baa1 issuer rating of Frasers Centrepoint Trust (FCT). This concludes the review initiated on 6 March 2019 following the announcement by FCT that it had entered into conditional sale and purchase agreements to acquire approximately 17.13% stake in PGIM Real Estate AsiaRetail Fund Limited (PGIM Fund). On 16 May 2019, FCT also announced that it will be acquiring a one-third interest in Waterway Point for SGD433.3 million from its sponsor Frasers Property Limited and an equity fund raising of no less than SGD377.4 million.

  • Singapore Exchange Limited (SGX:S68) Investors Should Think About This Before Buying It For Its Dividend
    Simply Wall St.

    Singapore Exchange Limited (SGX:S68) Investors Should Think About This Before Buying It For Its Dividend

    Could Singapore Exchange Limited (SGX:S68) be an attractive dividend share to own for the long haul? Investors are...

  • Moody's

    Interplex Holdings Pte. Ltd. -- Moody's withdraws Interplex's Ba3 rating

    Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com. The company is domiciled in Singapore and was acquired by Baring Private Equity Asia (BPEA) in 2016 through a delisting from the Singapore Exchange. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity.

  • Thomson Reuters StreetEvents

    Edited Transcript of S68.SI earnings conference call or presentation 25-Apr-19 10:00am GMT

    Q3 2019 Singapore Exchange Ltd Earnings Presentation

  • Interested In Singapore Exchange Limited (SGX:S68)’s Upcoming S$0.075 Dividend? You Have 4 Days Left
    Simply Wall St.

    Interested In Singapore Exchange Limited (SGX:S68)’s Upcoming S$0.075 Dividend? You Have 4 Days Left

    Have you been keeping an eye on Singapore Exchange Limited's (SGX:S68) upcoming dividend of S$0.075 per share payable on the 13 May 2019? Then you only have 4 days left before the stock starts trading ex-dividend on the 03 May 2019...

  • Reuters

    SE Asia Stocks-Most fall in light-volume trade ahead of U.S. growth data

    * Singapore set for best weekly gaining streak in 7 years * Indonesia cuts losses on telecom, healthcare stocks By Ambar Warrick April 26 (Reuters) - Most Southeast Asian stock markets trickled lower on ...

  • Moody's

    Genting Singapore Limited -- Moody's affirms Genting Singapore's A3 rating; outlook stable

    NOTE: On April 8, 2019, the press release was corrected as follows: The first sentence of the ninth paragraph of the Ratings Rationale section was changed to the following: “The increase in Singapore's gaming tax effective from March 2022 will hurt GENS' profitability, but Moody's believes that it will be counterbalanced by the new 10-year moratorium on additional revision.” Revised release follows. Singapore, April 08, 2019 -- Moody's Investors Service has affirmed the A3 issuer rating of Genting Singapore Limited (GENS).