
SINGAPORE, July 12 (Reuters) - Credit Suisse has cut its target price for Singapore Exchange (SGX)
STATEMENT: SGX's performance in the near term is closely linked to current volumes for equity and derivative markets, which have weakened recently and represent downside risks to the exchange's earnings and ratings, Credit Suisse said. It has also cut its earnings per share estimate for SGX in fiscal 2011 by 13 percent and by 26 percent for the following year.
However, Credit Suisse noted that SGX may see growth in the longer term through its strategy of positioning itself as a regional exchange offering international investors different ways to gain access to Asian markets. At 0213 GMT, shares of SGX were 1.1 percent lower at S$7.42, and have fallen about 12 percent since the start of the year.
my number 1 best performing counter now hehehe
$8 gogogo
 
alexchia01 ( Date: 06-Jul-2011 11:22) Posted:
|
I love SGX.
My 2nd Best performing counter.
Currently, hit a resistance at $7.72, but should break if STI continue to trend upwards.
$8.00 is still my Target Price.
Today's chiong has exactly proven your point.
The consecutive white candles closing and uptrend line forming
signals a very bullish run.
Do not underestimate this chiong to $8 , all day trading huat ah!
iPunter ( Date: 04-Jul-2011 18:32) Posted:
|
When a stock is going up, no one can stop it...
      The same when a stock is going down...

Broker_77 ( Date: 04-Jul-2011 15:15) Posted:
|
Stop going up?
SGX open gap up 6 cents...no horse run
muifan ( Date: 04-Jul-2011 09:18) Posted:
|
SGX wont be looking back at the moment until it hit $8.
congrats master sifu alexchia hehe
Yup! Good suggestion... No peace during lunch time. Add more stress to your life when you place your bet/investment in the stock mkt.
hpong5 ( Date: 01-Jul-2011 22:39) Posted:
|
Unless u have stop loss in place, otherwise how to react if disaster strikes while retail traders are out for lunch during continuous trading time? Maybe all brokerages should consider providing this function in their trading platforms.
Softer trends
•
Lacklustre trading volumes and values dampen nearterm earnings FY11-13F trimmed 15-17% • Remains a key location for international listings • Valuations below 5-year historical mean. Maintain Buy but TP lowered to S$9.50Quote - Dbs SGX is trading at 21x FY11 and only 18x FY12 EPS, below its 5-year historical mean, vs. regional peers at 27x FY11 and 23x FY12 EPS. Our TP is based on the Dividend Discount Model assuming 90% dividend payout, 8% growth and cost of equity of 11.6%, which implies 27x target PE. We have rolled over our valuation base to FY12 EPS of S$0.35.Maintain Buy with TP lowered to S$9.50.
quote
A senior director at a broking house who declined to be named said that having
additional trading hours means more overhead costs and potentially more risks.
niuyear ( Date: 01-Jul-2011 18:46) Posted:
|
thanks for the dose of condifence.
In fact i made a big decision last week and today...last week i sold all my STXOSV and loaded
SGX in full force...
today i sold all my gar with little profits and loaded SGX in full force again...
the chart + all day trading + CD in oct..all looks set for a strong bull run for SGX...
 
alexchia01 ( Date: 01-Jul-2011 19:31) Posted:
|
I love SGX.
Currently, my top 3 counter.
I'm expecting it to hit at least $8.00. Target price is $8.50.
Good luck to all who vested.
Full day trading shld be beneficial to S?GX -
No wastage of electricity since aircon is centralised  system and cant be turned off during lunch time, so, making full use of it
and the man power bring more revenue.
Full use of the system...
more trading volumes.=  more $$ comes in
 
Cheers to Full day trading.
 
 
 
 
SGX CLEARED $7.60...
REALLY ALL THE WAY TO $8?!
mine is hybrid dialect  ^.^
my first blue chip counter in my life...
so excited hehehe
iPunter ( Date: 01-Jul-2011 09:36) Posted:
|
Do you mean " leng lup" or " neng liap" ?..
    Actually there's no difference...
                  just a matter of dialect...

muifan ( Date: 01-Jul-2011 09:34) Posted:
|
yeap I hope my bet is correct...
  for the sure increase in volume trading after Aug 1st...
my entire profits from june till july i used it all to buy " leng liap" of SGX
hehehe
 
iPunter ( Date: 01-Jul-2011 09:25) Posted:
|