|Bid||7.33 x 0|
|Ask||7.34 x 0|
|Day's Range||7.31 - 7.35|
|52 Week Range||7.05 - 8.50|
|PE Ratio (TTM)||21.69|
|Earnings Date||Oct 19, 2018|
|Forward Dividend & Yield||0.60 (8.20%)|
|1y Target Est||8.14|
Attention dividend hunters! Singapore Exchange Limited (SGX:S68) will be distributing its dividend of S$0.15 per share on the 05 October 2018, and will start trading ex-dividend in 4 days timeRead More...
Digital freight-booking marketplace Freightos has raised nearly $45 million in a Series C funding round to expand its technology and geographic reach and develop financial instruments for the container shipping business. Ltd., Singapore’s stock market, as part of an effort to establish the country as a global maritime financial center. In 2016, Singapore Exchange acquired the centuries-old London-based Baltic Exchange, a shipping marketplace that pioneered the freight-derivatives market, for $103 million.
Freightos, a marketplace for logistics providers, announced today that it has raised a $44.4 million Series C led by Singapore Exchange. Launched in 2016 as a price comparison service for freight forwarders—the agents that organize shipments from a supplier or manufacturer to their final destination—Freightos now also lets users book, manage and track shipments with more than 1,200 logistics providers. In an email, founder and CEO Zvi Schreiber said its online freight marketplace will continue to be Freightos' flagship product, but the company also wants to find ways to make the industry more efficient by building a global digital infrastructure.
Freightos said on Monday it raised $44.4 million in a funding round led by Singapore Exchange (SGX) to further scale its online international freight marketplace. Its database drives the Freightos Baltic Index (FBX), a container freight index in collaboration with the Baltic Exchange, which is part of the SGX group. Together with Freightos, SGX will explore the development of financial instruments, beginning with enhancements to the FBX index shifting to daily reporting from weekly.
In June 2018, Singapore Exchange Limited (SGX:S68) released its latest earnings announcement, which indicated that the company gained from a small tailwind, leading to a single-digit earnings growth of 6.9%.Read More...
Moody's Investors Service has assigned a Baa1(hyb) rating to Oversea-Chinese Banking Corp Ltd's (OCBC) planned SGD-denominated perpetual capital securities. The notes will be issued under OCBC's US$30 billion Global Medium Term Note Program, and will be listed on the Singapore Exchange. The terms and conditions of the capital securities incorporate non-viability language that is compliant with Basel III rules as well as rules set by the Monetary Authority of Singapore (MAS), thereby allowing the securities to be considered as Additional Tier 1 capital, under MAS' Notice 637.
Singapore Exchange Ltd on Friday posted its biggest annual profit since 2008 bolstered by record derivatives trading volumes and bond listings. Net profit rose 7 percent to S$363 million ($266 million) on revenue up 5 percent at S$845 million, its highest since 2000. Analysts had expected net income of S$372 million on revenue of $849.2 million, Thomson Reuters I/B/E/S data showed.
Singapore Exchange Ltd (SGX) and India's National Stock Exchange (NSE) said on Wednesday they had resumed talks on a potential collaboration at an international financial centre in Gujarat. The announcement comes amid an ongoing dispute between the two exchanges after Indian bourses, including NSE, said in February they would stop licensing their indexes to foreign bourses from August. SGX responded saying it would launch successor products to its flagship Indian equity derivative products from June.
Moody's Investors Service has downgraded Mapletree Logistics Trust's (MLT) issuer rating to Baa2 from Baa1. At the same time, Moody's has downgraded to (P)Baa2 from (P)Baa1 the backed senior unsecured rating on the medium term note programs of MapletreeLog Treasury Company Pte. Ltd. (MTC) and MapletreeLog Treasury Company (HKSAR) Ltd. (MTCHK). Moody's has also downgraded to Baa2 from Baa1 the backed senior unsecured rating on the notes drawn down from the program under MTC.
The Singapore Exchange (SGX) and National Stock Exchange of India (NSE) are engaged in arbitration proceedings over the planned listing of a derivative product. The NSE and other Indian stock exchanges said in February that they would be ending licensing agreements for overseas exchanges. The dispute has cast doubts on a popular investment product, and it has raised questions about the future of India’s large equity market.
Singapore Exchange launched new rules on Tuesday to allow firms to list with dual-class shares, shortly after rival Hong Kong exchange introduced such funding structures favoured by tech firms. Dual-class shares offer extra voting power to top executives seen as protection against pressure for short-term returns, but have faced criticism by corporate governance activists who have warned the structure could be abused by company insiders. "SGX today joins global exchanges in Canada, Europe and the US where companies led by founder-entrepreneurs who require funding for a rapid ramp-up of the business while retaining the ability to execute on a long-term strategy, are able to list," said Loh Boon Chye, CEO of SGX.
Understanding how Singapore Exchange Limited (SGX:S68) is performing as a company requires looking at more than just a years’ earnings. Today I will run you through a basic sense checkRead More...
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Brokerages representing offshore investors are asking for more concessions to trade in India’s nascent international financial hub in Gujarat, according to people with knowledge of the matter. The brokers, who transact on behalf of overseas funds, are seeking the same exemption from local taxes enjoyed by foreign funds in the Gujarat bourse, said the people, who asked not to be identified as the discussions are private. The Futures Industry Association is expected to write to India’s securities regulator to voice the concerns of the brokerages and their clients, they said.
The Singapore Exchange (SGX) said on Saturday a court-appointed arbitrator had told it to continue listing and trading SGX Nifty contracts beyond August 2018, during a dispute resolution with India's National Stock Exchange (NSE). The two exchanges have been locked in dispute after India's three main bourses unexpectedly announced in February they would stop licensing their indexes to foreign bourses from August.
The Singapore Exchange (SGX) (SGXL.SI) said on Saturday a court-appointed arbitrator had told it to continue listing and trading SGX Nifty contracts beyond August 2018, during a dispute resolution with India's National Stock Exchange (NSE).
Chinese exchanges are wooing international commodities traders in a bid to overtake longstanding benchmark prices.
Singapore Exchange Limited (SGX:S68), a capital markets company based in Singapore, had a relatively subdued couple of weeks in terms of changes in share price, which continued to float aroundRead More...
The Singapore Exchange (SGX) has postponed the launch of a set of India derivatives products after an Indian court on Tuesday referred a dispute around the proposed offerings to an arbitrator. "We will reschedule the launch of our new India derivatives products, pending the outcome of the arbitration," SGX said in a statement. SGX has been locked in a dispute with India's National Stock Exchange (NSE) after the country's three main bourses unexpectedly announced in February they would stop licensing their indexes to foreign bourses from August.
The Singapore Exchange (SGX) (SGXL.SI) has postponed the launch of a set of India derivatives products after an Indian court on Tuesday referred a dispute around the proposed offerings to an arbitrator. "We will reschedule the launch of our new India derivatives products, pending the outcome of the arbitration," SGX said in a statement. SGX has been locked in a dispute with India's National Stock Exchange (NSE) after the country's three main bourses unexpectedly announced in February they would stop licensing their indexes to foreign bourses from August.
Singapore Exchange Ltd. said it will delay the start of its new Indian stock futures contracts, as a court dispute in Mumbai heads to arbitration. SGX, which is battling with National Stock Exchange of India Ltd. over Indian derivatives in the city-state, had been due to launch the SGX India Futures on June 4. The products were designed as a replacement for the popular Nifty 50 Index contracts, which are due to end in August after NSE canceled its licensing and data deal with its Singapore counterpart.