SGX    Last:14.14    -0.23

SGX

A bit tough to reach $8.00 at the moment. If the support is broken, trend will reverse. Watch the stock price movement after XD date.

http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/sgx-range-bound-for-now/

 

Lifeisgreat      ( Date: 08-Apr-2013 10:12) Posted: had missed the chance to offload when it hit $10.16 in 2010. will be the first one to let go when the price is $8

 

SGX signs MOU with China Financial Futures Exchange (CFFEX) to develop derivatives mkts in China and Singapore. Both will jointly explore possible areas of cooperation including product and mkt development, info sharing and human resources training. With the agreement, both exchanges will also consider synergies to better address the demands and needs of market participants in China and Singapore. CFFEX is the sole exchange established for financial derivatives trading in China. Its main product is the Futures on CSI 300 Index, which tracks the performance of 300 A-share stocks listed on Shanghai and Shenzhen stock exchanges. Group is releasing its 3QFY13 results on 16 Apr, and Maybank KE recently noted that it will be SGX's most profitable quarter since the GFC in 2008 House believes SGX should be re-rated, given its decreasing reliance on securities revenue (29% of Group revenue from derivatives for FY13 compared to 26% in FY12) Maybank KE has a BUY rating, with TP of $9.00, pegged to 29x FY13F, +1 std dev above historical mean The Street is still divided on SGX, with 6 Buys, 7 Holds, 6 Sells- with TP of $7.54 The past 4 weeks saw EPS upgrades of 0.6% and 0.9% for FY13 and FY14 respectively

 

had missed the chance to offload when it hit $10.16 in 2010. will be the first one to let go when the price is $8  

 

Singapore Daily SGX: Bright Start To 2013 Maintain Buy TP $9.00 We are highlighting that the upcoming set of 3QFY13 results will be of major significance. Our street-high net profit forecast of $94.5m for the quarter will represent SGX’s most profitable since the Great Financial Crisis. The expected 22% yoy growth will be driven by an uptick in trading volume since the start of 2013 a surprising growth momentum in derivatives trading. We reiterate BUY with a TP of $9.00, pegged to 29x FY13F, 1-standard deviation above historical mean.

...Last Done: $7.58... 

 

The Singapore Exchange has pushed to April the launch of its iron ore futures contract, to give clients and member firms more time to prepare for the new product, the exchange said on Friday.

SGX, which clears more than 90 percent of globally traded iron ore swaps, had earlier planned to launch futures contracts, including iron ore and freight, on Feb. 25. It is now considering April 8 as the date.

" This will provide member firms sufficient time to prepare their trading and clearing support, including conducting necessary systems testing," the exchange said in a statement.

The iron ore futures contracts will allow SGX to keep and attract more U.S. clients faced with tougher rules on trading over-the-counter derivatives such as swaps.

The exchange earlier said the U.S. Commodities and Futures Trading Commission had allowed it to continue clearing iron ore swaps for U.S clients while in the process of registering with the regulatory body as a derivatives clearing organisation.

Under Washington's Dodd-Frank Act, the CFTC requires all clearing houses that clear swaps for U.S. customers to be registered with the regulator.

SGX said it cleared a record 18.2 million tonnes of iron ore swaps in January, trumping an earlier record set in September. 

 

SGX continue to climb again......Do not ignore the trend, it's your best friend......

 

The luck of timing :)

 

SGX moves in tandem with trading volumns which are in the uptrend.  Ride on the uptrend.

warrenbegger      ( Date: 14-Feb-2013 21:58) Posted: Sold all at 7.81. Shoik like siao...

 

Sold all at 7.81.

Shoik like siao...

 

Sold all at 7.81.

Shoik like siao...

 

Sold all at 7.81.

Shoik like siao...

 

Just sold 5+5 at 7.69.

Sold 18 lots last friday at 7.45-7.46....

It has a really good run hehe...

Will sell the last 10 lots when it hit $8.. otherwise just keep it for yields.

 

 

 

Sifu " tarn tio" (sudah untong)...   

warrenbegger      ( Date: 25-Jan-2013 00:53) Posted: Still holding on... Anytime will let go... *Those pm me pls don't follow me, i load below 6.8

 

Still holding on... Anytime will let go...

*Those pm me pls don't follow me, i load below 6.8

 

On trailing cut mode. Let it run..

Happy Chinese New Year!!!

 

Last run up from 7.30 to 10 was due to the ASX merger news.

Currently banking on only intrinsic growth. May take a while to reach 10 this time.

This counter's behavior used to be rapid run up then consolidate for a loooong time.

Recently, since it formed a double bottom at ~6, it starts to trend up. Let's see if it can hit 10 by year end.

 

To get the best price, it's best unload when the goods new is announced...

which will usually be the juiciest peak... as many will be eager to buy on reading the good news...

warrenbegger      ( Date: 23-Jan-2013 01:02) Posted: Unloading all soon :)

 

World Market will rally higher.

Economy will boost up. All nations on stimulus.

SGX will test 10.00 this year

warrenbegger      ( Date: 23-Jan-2013 01:02) Posted: Unloading all soon :)

 

Unloading all soon :)

 

Singapore Exchange (SGX) should have movement soon if 20D SMA history repeats itself.

http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/singapore-exchange-sgx-sideway-consolidation/