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Unclaimed dividend should be given to charity.
SGX looking for 89,000 investors with S$68.3m of unclaimed dividends and SingTel shares
SOMEWHERE out there in Singapore, there is an investor who has a S$1.2 million windfall. The investor is one of 89,000 people owning S$68.3 million of unclaimed dividends and SingTel shares who could not be contacted despite the best efforts of the Singapore Exchange (SGX). Tomorrow, a website at www.sgx.com/mygateway will be launched for investors to check if they have unclaimed assets, using their NRIC number.
Unclaimed dividends come about when investors do not opt for them to be directly credited to their bank accounts. The dividend checks were mailed out but investors did not cash them for various reasons. Unclaimed SingTel shares and dividends were from the telco's 1993 initial public offering, where investors had signed up for but did not follow through by opening a Central Depository (CDP) account. Most investors have unclaimed dividends or shares of less than S$1,000, SGX said.
SGX and China Securities Regulatory Commission (CSRC) had established a direct listing framework, which aims to facilitate Chinese firms seeking a listing on the Singapore board. In the past, firms required to set up an overseas entity as a layer between the company and investors as part of the listing process. Under the framework, the CSRC will review and provide Chinese enterprises with a better understanding of the requirements and platform to list on SGX, while SGX will reach out to intermediaries and issuers on the process and requirements. On the legal end, applicants must comply with all relevant laws and regulations in China, as well as all requirements and regulatory standards of Singapore and SGX. The due diligence processes conducted on both sides is expected to provide a greater assurance to investors. While the new framework is a step in the right direction to boost our capital markets, we caution that it does not guarantee the quality of companies that seek listings here. Investors may still be marred by the fallout of S-chips when corporate scandals were brought to light in 2007, when accounting irregularities were raised, missing husband-and-wife management team after corporate bankruptcy and on-going concerns were some of the issues raised. Valuations are attractive for SGX, with a forward P/E of 21.2x on generally low expectations for a 3% growth in earnings, compared to regional peers Hong Kong Exchanges' 33.7x P/E on 9% earnings growth, and Bursa Malaysia's 23.3x.
Just heard stock recommendations over Channel NewsAsia to consider two stocks which will reap gains from its overseas investments early next year. They are DBS and SGX. Just good time to pick up this stock if you have the spare cash.
tonylim ( Date: 18-Nov-2013 19:14) Posted:
Hope it will go up above the TP at 7.75 as a Christmas gift
tonylim ( Date: 18-Nov-2013 18:37) Posted:
| Looks promising to move above 7.50 76 |
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Hope it will go up above the TP at 7.75 as a Christmas gift
tonylim ( Date: 18-Nov-2013 18:37) Posted:
Looks promising to move above 7.50 760
Immortal ( Date: 18-Nov-2013 13:34) Posted:
| waiting for SGX to go higher :) |
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Looks promising to move above 7.50 760
Immortal ( Date: 18-Nov-2013 13:34) Posted:
| waiting for SGX to go higher :) |
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waiting for SGX to go higher :)
SGX share price not doing too favourably recently, likely due to the low daily securities total trading value and the 3 pennies saga.. SGX has been putting lots of efforts to boost securities trading liquidity and derivatives volume, hopefully the share price will outperform in the mid-long term.
Bought SGX at 7.25....i believe SGX will move up very strongly soon.
Just for reference only...... DYODD......... huat arh....
tonylim ( Date: 16-Nov-2013 08:22) Posted:
Based on your chart, it seems likely the SGX is poised to rebound soon to 7.62 & 7.85 in extension. Am I right?
WanSiTong ( Date: 15-Nov-2013 23:21) Posted:
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Singapore Exchange ST: the bias remains bullish.
Update on supports and resistances.
Pivot: 7.15 Our preference: Long positions above 7.15 with targets @ 7.62 & 7.85 in extension. Alternative scenario: Below 7.15 look for further downside with 6.95 & 6.78 as targets. Comment: a support base at 7.15 has formed and has allowed for a temporary stabilisation. Key levels 8 7.85 7.62 7.27 last 7.15 6.95 6.78 Copyright 1999 - 2013 TRADING CENTRAL 
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Based on your chart, it seems likely the SGX is poised to rebound soon to 7.62 & 7.85 in extension. Am I right?
WanSiTong ( Date: 15-Nov-2013 23:21) Posted:
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Singapore Exchange ST: the bias remains bullish.
Update on supports and resistances.
Pivot: 7.15 Our preference: Long positions above 7.15 with targets @ 7.62 & 7.85 in extension. Alternative scenario: Below 7.15 look for further downside with 6.95 & 6.78 as targets. Comment: a support base at 7.15 has formed and has allowed for a temporary stabilisation. Key levels 8 7.85 7.62 7.27 last 7.15 6.95 6.78 Copyright 1999 - 2013 TRADING CENTRAL
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Singapore Exchange ST: the bias remains bullish.
Update on supports and resistances.
Pivot: 7.15 Our preference: Long positions above 7.15 with targets @ 7.62 & 7.85 in extension. Alternative scenario: Below 7.15 look for further downside with 6.95 & 6.78 as targets. Comment: a support base at 7.15 has formed and has allowed for a temporary stabilisation. Key levels 8 7.85 7.62 7.27 last 7.15 6.95 6.78 Copyright 1999 - 2013 TRADING CENTRAL
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Agree. Thanks
Rosesyrup ( Date: 14-Nov-2013 18:08) Posted:
I would pick now if I have the cash.
More M& A and collaboration effort to come!
Perhaps you might want to research more on the global effect of darkpool on formal exchanges like LSE and the exchanges' strategy aganist the darkpool.
tonylim ( Date: 14-Nov-2013 18:00) Posted:
Is it a good time to pick SGX at 7.23 as I noticed from past trend it will move up to 7.60 + below moving back again.
Any advice on this |
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I would pick now if I have the cash.
More M& A and collaboration effort to come!
Perhaps you might want to research more on the global effect of darkpool on formal exchanges like LSE and the exchanges' strategy aganist the darkpool.
tonylim ( Date: 14-Nov-2013 18:00) Posted:
Is it a good time to pick SGX at 7.23 as I noticed from past trend it will move up to 7.60 + below moving back again.
Any advice on this?
WanSiTong ( Date: 12-Nov-2013 04:55) Posted:
Update on supports and resistances.
Pivot: 7.15
Our preference: Long positions above 7.15 with targets @ 7.62 & 7.85 in extension.
Alternative scenario: Below 7.15 look for further downside with 6.95 & 6.78 as targets.
Comment: a support base at 7.15 has formed and has allowed for a temporary stabilisation.
Key levels
8
7.85
7.62
7.27 last
7.15
6.95
6.78
Copyright 1999 - 2013 TRADING CENTRAL |
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Is it a good time to pick SGX at 7.23 as I noticed from past trend it will move up to 7.60 + below moving back again.
Any advice on this?
WanSiTong ( Date: 12-Nov-2013 04:55) Posted:
Update on supports and resistances.
Pivot: 7.15
Our preference: Long positions above 7.15 with targets @ 7.62 & 7.85 in extension.
Alternative scenario: Below 7.15 look for further downside with 6.95 & 6.78 as targets.
Comment: a support base at 7.15 has formed and has allowed for a temporary stabilisation.
Key levels
8
7.85
7.62
7.27 last
7.15
6.95
6.78
Copyright 1999 - 2013 TRADING CENTRAL |
|
Update on supports and resistances.
Pivot: 7.15
Our preference: Long positions above 7.15 with targets @ 7.62 & 7.85 in extension.
Alternative scenario: Below 7.15 look for further downside with 6.95 & 6.78 as targets.
Comment: a support base at 7.15 has formed and has allowed for a temporary stabilisation.
Key levels
8
7.85
7.62
7.27 last
7.15
6.95
6.78
Copyright 1999 - 2013 TRADING CENTRAL
By Nandini Sukumar - Nov 4, 2013 8:03 PM GMT+0800
London Stock Exchange Group Plc (LSE) is in talks with Singapore Exchange Ltd. to provide technology to clear cash equities for Southeast Asia?s biggest bourse operator, three people familiar with the matter said.
A deal would see LSE?s MillenniumIT unit implement a securities-processing platform for SGX, according to the people, who asked not to be identified as the talks are private. SGX isn?t planning to use MillenniumIT for derivatives clearing and the companies aren?t discussing a merger or a stake purchase, the people said.
An agreement would mark another link between the exchanges after they introduced trading in the largest and most active stocks on each others? markets. LSE, which bought Colombo-based MillenniumIT in 2009, is seeking to increase revenue from technology and clearing to offset declining volumes.
An e-mail from LSE?s press office said the London-based exchange wouldn?t comment on speculation. Joan Lew and Carolyn Lim, spokeswomen at SGX, didn?t immediately return calls and an e-mail seeking comment.
MillenniumIT already provides clearing technology for the Argentina Central Securities Depositary and trading systems for Norway?s Oslo Bors, according to statements on its website. LSE is the majority owner of LCH.Clearnet Group Ltd., the world?s largest swap clearinghouse.
SGX Chief Executive Magnus Bocker is trying to boost equity trading volumes that averaged about S$1.5 billion ($1.2 billion) a day this year, a 37 percent decline from 2007, according to data compiled by Bloomberg.
SGX earned S$54.4 million in revenue from securities clearing in the three months ended Sept. 30, a 17 percent increase from the same period a year earlier, according to a regulatory filing. Derivatives revenue climbed 16 percent to S$51.7 million.
A NEW financial reporting standard (FRS) affecting the consolidation of financial statements will become effective for annual periods beginning on or after Jan 1, 2014, the Singapore Exchange (SGX) reminded investors yesterday.
SGX reminds investors of new consolidation rule
The new standard, FRS 110, issued by the Accounting Standards Council, could change the entities that consolidated into the group's consolidated financial statements.
" FRS 110 . . . makes control the basis for determining the entities to be included in consolidated financial statements. More entities will be included in the consolidated financial statements if the issuer is able to establish control over them," SGX said in a mailer, sent via its investor education portal My Gateway, yesterday.
" This means the assets, liabilities, income, and expenses of these 'investees', or subsidiaries, will be reflected in the consolidated financial statements as if they were part of the issuer group, likely affecting the final figures," SGX's report added.
SINGAPORE EXCHANGE | NEUTRAL | TP: S$8.10
SGX had a decent start to the year with 1QFY14 net profit up 24% y-o-y (+5% q-o-q, based on reported net profit) to SGD92m
Average daily turnover (ADT) in the securities market was stable y-o-y but down 16% q-o-q to SGD1.3bn
Meanwhile, derivative volume posted strong y-o-y growth (+36% y-o-y)
Our earnings forecasts and SGD8.10 FV (23x CY14EPS) are unchanged1QFY14 results in line
SGX?s 1QFY14 net profit of SGD92m (+24% yo-y +5% q-o-q) was within our and consensus expectations, accounting for 25% of our and consensus full-year net profit estimates
Higher clearing fee, better derivative volume drive y-o-y profit growth
Y-o-y, while average daily turnover (ADT) in the securities market was broadly stable at SGD1.3bn, securities revenue rose 15%
Average clearing fee increased to 3.2bps from 2.7bps a year ago, as the proportion of capped trades fell to 35% from 46% in 1QFY13, with institutions trading a broader range of stocks and retail participation rising
Turnover velocity, however, was weaker at 47% (1QFY13: 51% 4QFY13: 55%)
Meanwhile, derivatives revenue was up 16% y-o-y as total traded volume jumped 36% y-o-y to 26.4m contracts, led by the FTSE China A50 futures, Nikkei 225 futures and options, and iron ore swaps
Q-o-q, revenue fell 9% reflecting weaker ADT (-16% q-o-q) and derivative volume (-16% q-o-q)
Expenses broadly under control (+6% y-o-y -6% q-o-q)
Management continued to guide for FY14 operating expenses of SGD320m-330m (FY13: SGD300m)
Technology-related capital expenditure is expected be around SGD35m-40m
As expected, SGX declared an interim DPS of 4 cents (1QFY13: 4 cents)
We are forecasting FY14 total DPS of 31 cents (FY13: 28 cents), based on a net payout ratio of 90%
We are maintaining our SGD8.10 FV, which is based on target CY14 P/E of 23x (a 10% discount to average P/E of 25x)
Maintain NEUTRAL
SGX and Shanghai Futures Exchange to collaborate on commodity derivatives
Singapore Exchange (SGX) and the Shanghai Futures Exchange are cooperating in the development of the commodity derivatives markets in both China and Singapore.
The two exchanges signed a memorandum of understanding on the cooperation in Shanghai, China, on Saturday, 19 October 2013. They will jointly explore areas of cooperation including the development of derivatives for energy, metals, chemicals and commodity indexes. The MOU also covers exchange of ideas and information sharing.
" This cooperation with Singapore Exchange will help the internationalisation of China?s futures market and Shanghai Futures Exchange. It will increase market efficiency, and promote the development of the derivatives markets and the economies of both China and Singapore. We attach great importance to our cooperation with SGX and look forward to mutual benefits in areas such as information exchange, experience sharing and engagement between our executives under the MOU," said Liu Nengyuan
" We are delighted to partner Shanghai Futures Exchange in developing new products and services
(刘 能 元 ), President and CEO of Shanghai Futures Exchange.
