|Bid||8.81 x 0|
|Ask||8.82 x 0|
|Day's Range||8.77 - 8.86|
|52 Week Range||7.22 - 9.23|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||22.76|
|Earnings Date||Apr 23, 2020|
|Forward Dividend & Yield||0.30 (3.41%)|
|Ex-Dividend Date||Jan 31, 2020|
|1y Target Est||7.97|
Last week saw the newest second-quarter earnings release from Singapore Exchange Limited (SGX:S68), an important...
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Singapore Exchange Ltd. will acquire a majority stake in Scientific Beta Pte., an index provider for products enabling investors to track market themes, an increasingly significant trend in global fund management.The target company -- incorporated in Singapore, with offices in France, the U.K. and the U.S. -- specializes in factor-based strategies, a market that’s set to reach $2.7 trillion this year, the exchange said. The move comes as passive strategies are gaining greater popularity over actively-managed approaches.SGX will buy 93% of Scientific Beta for 186 million euros ($206 million) in cash. Assets replicating Scientific Beta’s smart-beta indexes have risen more than 10-fold in four years and now total $55 billion, SGX said.The growth of passive investing is a trend, and SGX is building up its index business, Chief Executive Officer Loh Boon Chye said at a briefing. The stock was little changed as of 3:32 p.m. local time, compared with a 0.2% rise in the benchmark Straits Times Index.The purchase is meant to boost the trading venue’s data, connectivity and indexes business, which it aims to double in the next five years.Exchanges around the world are making acquisitions to boost their product offerings. London Stock Exchange Group Plc’s $27 billion purchase of data firm Refinitiv is expected to generate about 70% of sales from data. Deutsche Boerse AG, too, is on the lookout to snap up data providers and trading platforms.The Singapore exchange has made other investments in the past year, buying stakes in foreign-exchange platform BidFX Systems Ltd. and Smartkarma Holdings Pte., a financial technology company with an online investment research platform.In addition to the Scientific Beta acquisition, SGX announced quarterly results. Net income rose 3% for the three months through December, even as stock-derivatives revenue fell 5%.(Adds stock performance in fourth paragraph)To contact the reporters on this story: Abhishek Vishnoi in Singapore at firstname.lastname@example.org;Ishika Mookerjee in Singapore at email@example.comTo contact the editors responsible for this story: Lianting Tu at firstname.lastname@example.org, Margo Towie, Cecile VannucciFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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.
Boon Chye Loh has been the CEO of Singapore Exchange Limited (SGX:S68) since 2015. This report will, first, examine...
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.The Singapore exchange is about to make life easier for listed companies -- the safer ones, at least.The bourse’s regulatory arm plans to end quarterly earnings reporting requirements that currently apply to all companies with a market capitalization of at least S$75 million ($56 million), according to Tan Boon Gin, the chief executive officer of Singapore Exchange Regulation.When the rule change takes effect on Feb. 7, only riskier companies will need to report earnings every three months, Tan said at a press briefing. SGX RegCo will also tighten other disclosure rules and introduce a new whistleblowing policy as part of efforts to protect investors, Tan added.Other global exchanges have moved away from mandating quarterly reporting for all their companies. The European Union ended its requirement in 2013, while Hong Kong only applies the rule to companies on its small-cap exchange. The U.S. Securities and Exchange Commission is currently reviewing the issue.”Internationally, there’s a shift away from quarterly reporting and this is to allow companies to focus on the long term,” said Tan. About 75% of the local market currently reports on a quarterly basis, according to SGX RegCo.Under Singapore’s new policy, a listed company will have to report each quarter in circumstances including when it receives a qualified report from its auditors, or when they express concern about the company as a going concern. The requirement can also be imposed if SGX RegCo has regulatory concerns about a company regarding disclosure breaches, for instance.Despite the new rules, most larger companies, including banks, will likely continue reporting on a quarterly basis, said Mak Yuen Teen, an associate professor at the National University of Singapore. “When a source of information disappears, investors will use other sources as proxies, like analyst reports, and these will be less accurate,” he said.SGX RegCo said the quarterly reporting requirements will apply to about 100 companies when the rules change in February. It plans to make the list public. Other Singapore-listed companies will need to report semiannually, though the exchange will “encourage” them to provide business updates on a more regular basis, Tan said.Among the other changes announced by SGX RegCo:SGX RegCo will set up a Whistleblowing Office which will take reasonable steps to protect the confidentiality and identity of a whistleblower; however, in instances where SGX RegCo is legally obliged to reveal the identity of the whistleblower, “for example to governmental or regulatory entities as part of investigations into allegations,” it will generally inform the person in advanceThe regulator will have powers to deem a person or entity an “interested person” for transactions, and to aggregate separate transactions and treat them as oneAdditional disclosure requirements will be introduced for rights issuesAcquisitions that reduce net profit or net asset value by 20% or more, or where the target is loss-making or in a net liability position, will be subject to listing rulesCompanies will need to appoint an independent valuer for significant asset disposalsFirms will be asked to disclose material price- and trade-sensitive information, and any changes to near-term earnings prospectsThe latest disclosure requirements will enhance investor protection, said David Gerald, chief executive officer at the Securities Investors Association of Singapore. “By putting these requirements, SGX RegCo is invariably encouraging these companies to be more transparent.”(Updates with comment from investor group in last paragraph)To contact the reporter on this story: Ishika Mookerjee in Singapore at email@example.comTo contact the editors responsible for this story: Lianting Tu at firstname.lastname@example.org, Marcus Wright, Russell WardFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Today we'll take a closer look at Singapore Exchange Limited (SGX:S68) from a dividend investor's perspective. Owning...
Moody's Investors Service has affirmed Frasers Hospitality Trust's (FHT) Baa2 issuer ratings. Moody's has also affirmed the provisional (P)Baa2 backed senior unsecured rating on the SGD1.0 billion multicurrency medium-term securities program issued by FH-REIT Treasury Pte. Ltd. -- a wholly owned subsidiary of FHT -- and the Baa2 ratings on the backed senior unsecured notes issued under the program. "The change in outlook to negative reflects FHT's weakened operating performance and Moody's expectation that FHT's credit metrics will remain weak relative to its Baa2 rating, at least over the next 12-18 months," says Sweta Patodia, a Moody's Analyst.
If you want to know who really controls Singapore Exchange Limited (SGX:S68), then you'll have to look at the makeup...
* 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.
Singapore Exchange Limited (SGX:S68) is about to trade ex-dividend in the next 1 days. If you purchase the stock on or...
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
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.
In March 2019, Singapore Exchange Limited (SGX:S68) released its earnings update. Generally, analysts seem cautiously...
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.