|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.52 - 5.67|
|52 Week Range||5.22 - 6.43|
|PE Ratio (TTM)||22.98|
|Forward Dividend & Yield||0.20 (3.57%)|
|1y Target Est||N/A|
India’s main stock exchange is taking the Singapore bourse to court to try to block SGX’s imminent launch of Indian derivatives contracts, in a sign of mounting tension between the two trading venues. was seeking an injunction from the Bombay High Court on Singapore’s new Indian equity futures, set to launch next month. The attempt to stop Singapore from listing new Indian equity derivatives comes amid concern in India that the country is losing lucrative trading in one of Asia’s biggest equity markets to overseas venues.
Singapore Exchange Ltd (SGX) said it plans to list new India-related equity derivative products in June despite the National Stock Exchange of India (NSE) applying for an interim injunction in a Mumbai court against their launch. NSE's legal move and SGX's response intensify the spat between the two exchanges after India's three main bourses unexpectedly announced in February they would stop licensing their indexes to foreign bourses from August.
SINGAPORE—A spate of police investigations and alleged accounting irregularities among companies is denting investors’ confidence in this financial hub, forcing the country’s stock exchange to address what critics say is a legacy of weak corporate governance and market regulation. The tightly-run city-state has historically presented a clean image to global investors. Paul Miller/Bloomberg News A cyclist rides past the SGX Center, which houses the Singapore Exchange.
Singapore Exchange Executive Vice President and Head of Derivatives Michael Syn discusses the opening of a third exchange in the island country. He speaks on "Bloomberg Markets." (Source: Bloomberg)...
(Reuters) - Singapore Exchange (SGX)(SGXL.SI) has invested an undisclosed amount in London-based technology business Cobalt, the companies said on Friday. Cobalt, which uses technology similar to blockchain, ...
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. Singapore Exchange Limited (SGX:S68) has returned to shareholders over theRead More...
Noble Group Ltd. dissident shareholder Goldilocks Investment Co. says the Singapore regulator’s handling of the trader’s drawn-out battle for survival is being closely followed by overseas investors, highlighting ...
Singapore Exchange Ltd (SGX) reported its highest profit in a decade on Friday as a strong performance in derivatives and securities powered a 21 percent rise in net profit for the quarter to March 31. "Our marketing efforts, together with longer trading hours enabled by our new derivatives trading and clearing platform, added to an increase in global participation across products and trading sessions," CEO Loh Boon Chye said. Market focus is also on how SGX can cope with an unexpected move by India's three main bourses to stop licensing their indexes and securities to foreign bourses from August.
Bowing to criticism from the Singapore Exchange (SGXL.SI) (SGX) and other investors, embattled Noble Group (NOBG.SI) is removing a provision in its $3.4 billion (£2.4 billion) debt restructuring proposal that penalised shareholders voting against the plan. Noble has secured the backing of its creditors, but it also needs approval from a majority of its shareholders. "If more than half of the shareholders vote in favour of the restructuring, all shareholders, irrespective of their vote at the special general meeting, will receive the same treatment and will participate in the restructuring," Chairman Paul Brough said in a letter addressed to shareholders and sent to SGX late on Wednesday.
Noble Group sweetened its debt restructuring proposal for shareholders and said its founder and top shareholder backs the plan, which is aimed at keeping the embattled commodity trader afloat.
The Indian exchanges' unexpected decision in February, which hit Singapore Exchange's shares, was aimed at preventing share trading from moving abroad. The Singapore exchange said in February it would launch successor products to its flagship Indian equity index derivatives before its licence agreement with the National Stock Exchange of India (NSE) expired in August 2018.
It will also list new India equity derivative products in June. For the Singapore Exchange (SGX), “work is ongoing” to evaluate a joint trading and clearing model in Gujarat International Finance Tech (GIFT) city with National Stock Exchange of India (NSE) to meet the risk management needs of international participants. “Whilst implementation is not feasible before the expiry of the licence agreement with NSE, SGX remains committed to engagements with NSE and other relevant stakeholders in India towards a collaboration in GIFT city,” the exchange announced.
Singapore regulator asks senior creditors of embattled Noble Group Ltd. to reconsider the company’s debt-restructuring proposal
In a bid to expand to international markets, Singapore-based fashion e-commerce company Zilingo has raised $54m in series C funding round led by Belgium’s Sofina, German media giant Hubert Burda’s Burda Principal Investments and Sequoia Capital India. The funding comes only five months after the company raised $17m in a series B round. Singapore Exchange’s current stock price of S$7.26 is just 0.8% higher than a 52-week low of S$7.20.
The total value of shares Singapore companies bought back in March hit a 30-month high at $221.8m, Singapore Exchange (SGX) revealed. According to a report, this was the highest consideration value since September 2015 when the month’s buyback consideration totalled $445m. The buyback consideration was almost two-thirds higher than the $134.2m recorded in February.
SGX Bond Trading Pte. Ltd will assume the general counterparty role for SGX Bond Pro from mid-2018, Singapore Exchange (SGX) announced. It added that the role enables the execution of client trades on SGX Bond Pro whilst maintaining full pre and post trade anonymity between trading counterparties.
The Singapore Exchange (SGX) is seeking market feedback on how to address expropriation and entrenchment risks of dual class shares (DCS) following broad support for the structure in an earlier public consultation. According to an announcement, SGX is proposing that DCS companies meet existing Mainboard admission criteria. Some factors SGX would consider include the role and contribution of the holder of multiple vote (MV) shares, the business model and whether sophisticated investors have participated in the company,” it said.
It is the first fintech company to list in Singapore. The Singapore Exchange (SGX) welcomed ayondo Ltd to Catalist under the stock code "1I5". This makes the company the first fintech company to be listed in Singapore.
Valuing S68, a financial stock, can be daunting since these capital market firms generally have cash flows that are impacted by regulations that are not imposed upon other industries. MaintainingRead More...
Should its listing push through, it will be the first fintech firm in Singapore to do so. Global fintech firm ayondo Ltd. has registered its offer document by Singapore Exchange Securities Trading Limited (SGX-ST) for a listing on the Catalist board of the Singapore Exchange Securities Trading Limited. According to a statement, ayondo offered 80.77 million invitation shares comprising of 8.9 million offer shares at 26 cents each by way of a public offer in Singapore and 71.87 million placement shares at 26 cents each.
In their breakdown, there was a lump sum payment of $3.8m and a loan written off for $3.82m. Noble Group Limited confirmed that it gave away retention payments worth US$20m to its senior staff that was behind its US oil liquids business last June. The Singapore Exchange (SGX) launched an inquiry on the group after reports came out that Noble handed its former CEO Jeff Frase a remuneration package worth about US$20m last year, even as the commodity trader slumped to a record loss of almost US$5b.
Singapore Exchange, United Overseas Bank, and Oversea-Chinese Banking are financial services stocks that generally perform in-line with the economy. Firms in this sector offer services ranging from investment banking toRead More...
Companies will be able to communicate with analysts and investors, monitor sentiment, and compare industry performance. A partnership between the Singapore Exchange (SGX) and fintech firm Smartkarma will roll out the C-Suite Pilot Program, a cloud-based platform that will enable SGX-listed companies to streamline their communication and data reporting to the institutional, analyst and investor communities. According to a statement, listed companies will be able to communicate with analysts and investors, monitor sentiment, compare industry performance, and benchmark instantly against peers.
Noble Group and its indirect wholly-owned subsidiary Core Integrity today entered into a memorandum of agreement with Bianca Corporation and Primerose Shipping Co. Ltd. to sell its Kamsarmax dry bulk carrier vessel for US$24m. The vessel was recently commissioned by Noble to Arrow Valuation and Clarkson Valuation, which valued it at US$24m.