|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||85.53 - 87.29|
|52 Week Range||77.84 - 97.75|
|PE Ratio (TTM)||23.62|
|Forward Dividend & Yield||3.09 (3.61%)|
|1y Target Est||N/A|
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.
Moody's Investors Service has assigned a Aa1 rating to Oversea-Chinese Banking Corp Ltd's (OCBC) drawdown of AUD600 million senior unsecured floating rate notes due April 2021. The notes will be issued ...
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.
Moody's Investors Service has assigned a Baa2 rating to Philippine National Bank's (PNB, Baa2 stable, baa3) proposed USD-denominated senior unsecured notes, issued under its USD1 billion Euro Medium-Term Note (EMTN) program. The drawdown will be issued out of PNB's head office in Pasay in Metro Manila. The senior unsecured debt rating is subject to receipt of final documentation, the terms and conditions of which are not expected to change in any material way from the draft documents reviewed by Moody's.
Moody's Investors Service has assigned Aa1 foreign currency debt ratings to two USD senior unsecured fixed and floating rate notes due 2021 issued by United Overseas Bank Limited (UOB). UOBs' two new issuances ...
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.
After looking at Singapore Exchange Limited’s (SGX:S68) latest earnings announcement (31 December 2017), I found it useful to revisit the company’s performance in the past couple of years and assessRead More...
Its investments in Keppel paid off the largest at 12.8%. This chart from the Singapore Exchange (SGX) shows that Temasek Holdings’ investments in six major stocks listed for over 20 years had average annualised ...
New Zealand's stock exchange NZX Ltd said on Wednesday it signed a memorandum of understanding (MoU) with Singapore Exchange to expand their co-operation in Asia-Pacific markets. Under the MoU terms, NZX and Singapore Exchange will cooperate on a range of areas, including promotion of derivatives products and dual and secondary listings, the company said in a statement. It was also targeting overseas firms operating in New Zealand, particularly in the insurance, travel and industrial sectors.
Electricity producer Summit Power International plans to list on the Singapore Exchange Ltd (SGX) by April, what is likely the first company from Bangladesh to offer shares in the city-state, as it seeks to raise funds to invest in assets across Asia. Bangladesh's economic growth soared by 7.28 percent in the financial year that ended in June 2017 and its population is expected to climb to over 185 million people by 2030. Together with Pakistan and India, the country is making South Asia a hotspot for liquefied natural gas (LNG) demand, attracting investment from gas producers and power plant builders after years of the country being considered an energy backwater.
It is in talks with India's stock exchange to link overseas investors to local trading. The Singapore Exchange (SGX) will list successor products to its SGX Nifty family of products before August 2018. Singapore Business Review previously reported that India's three stock exchanges will halt the licencing of data for offshore derivatives which are linked to their domestic indices.