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This looks like the time to sell SGX.
A London Financial Times article talks of main exchanges in Asis carrying "poison pill of sorts", consolidation remains a distant prospect.
While the point on poison pills is factually incorrect, Lim & Tan agrees with the general thrust of the story.
L&T maintains that while NYSE or Nasdaq would love to court Tokyo Stock Exchange (TSE), Asia's largest, it's still unlisted.
That leaves HKSE and SGX on the dance floor. But looking at the interference of the Chinese government in the PCCW saga, and HK media talking of likely interference in TVB, L&T believes any interested foreign party would be dissuaded to have a go at HKSE.
This leaves SGX, which, like TSE, has publicly welcomed alliances.
L&T believes that if it were to get to that, SGX will be able to attract more substantial listings from China and India. L&T believes the final outcome of the battle between Deutsche Borse for Euronext would likely provide a platform for consolidation in Asia. (M&A speculation had pushed SGX's price to anintra-day high of $4.94 on May 11.)
At $4.14 and with a market cap of $4,351.4m, SGX trades on 23.2x earnings for year ending Jun 06. HKSE, on the other hand, trades on 35x earnings for 12 months to Jun 06. HKSE's market cap is $11,630.7m.
SGX gone testing at $3.90 before settling at $3.80 unchanged
More good news is coming, let say i am joining... ahh....., i mean sgx is look for life partner to marriage off (old story- U know, like London FTSE to NYSE).
A flick and up it goes, SGX $3.80 liao, see. I don bluff U one, more to come with good news. War a side. this stock is worthy of it name, not name to be shun or shout about, $4.20?? coming....
Below news will increase trading transactions to SGX! Can we see $4.20 by September 26? Some more IMF & World bank meetings that month(till 20th September). September is only one month away ....
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JADE TO GO 'LIVE' ON SEPTEMBER 25
~ EXCHANGE TO LAUNCH RUBBER CONTRACT FIRST FOLLOWED BY CRUDE PALM OIL FUTURES CONTRACT
Chicago, IL, Singapore, July 14, 2006 - Joint Asian Derivatives Exchange (JADE), a joint venture between Singapore Exchange (SGX) and the Chicago Board of Trade (CBOT), is pleased to announce that the Exchange will launch operations on September 25, 2006 and begin trading its first futures contract, TSR 20 Rubber, on the same day. This contract will be traded on the CBOT electronic platform and cleared by SGX Derivatives Clearing House.
Following TSR 20 Rubber, JADE aims to launch its second futures contract, crude palm oil (CPO) by fourth quarter of 2006. JADE has been working closely with market participants who have voiced a strong preference for a US dollar-denominated, physically-delivered CPO futures contract.
Said Mr Chong Kim Seng, Managing Director of JADE, "We are very excited to launch the first two JADE futures contracts, TSR 20 Rubber and CPO, before the end of this year. Commodities have increasingly become a key growth area for Asia. JADE will continue to develop commodity contracts to meet market demand, and to provide global market participants convenient and cost-effective access to Asian-based commodities. We believe that the active trading and easy access to JADE products will also facilitate price discovery and risk management in Asia."
SGX. This stock is worth at least $4.50 in good time, just mention they going to join.....and in just a moment in time, a flick up it goes.
Well well. I tot U really go in below $3/- which is really a good px to buy and hold at least a few lots, but now i think it is still not too late. i hope. U will get your chances when it come, can buy on a dip on a bad day. Crisis in middleeast plays out!!, tell u my prediction, both armies is tired of fighting each other w/o both side going to win either, so end of the day when gun fell silent, both will claim V for victory, still no big regional battle is to be fought over a proxy war.
Hi teeth53,
No I did not go in... I have been avoiding the market for some time because it was really volatile... like yo-yo. But I think things may be starting to change now ... more stability over the Feds and also World Cup is over. But lets see how the crisis in the Middle East plays out over the next few weeks.
No I did not go in... I have been avoiding the market for some time because it was really volatile... like yo-yo. But I think things may be starting to change now ... more stability over the Feds and also World Cup is over. But lets see how the crisis in the Middle East plays out over the next few weeks.
Back dated your posting to 20 Jun 06 that Q? asking on what basic do analyst call for a price of $2.25 (that was in need a good Q?). As i said again SGX is basically a good stock to keep that it price will be seem some what where it should at this points in times, moving forward price should be hoving back $4.00 in good times with good volume and if it again been punt by ppl, then take whatever profit if it ever hit above $4.20, anyway expecting ppl will contiune to punt on this stock.
Once upon a time. Analyst did said it can go down to $2.25 when it was kiasu time, now i am just wondering what will analyst say again this time !! it is good time to collect your stocks when it hit below $3 for sgx and now even when this stock is rising now to $3.60, those who read my posting will be able to know now they will be counting their $$$ to the bank. Hi, Singaporegal did U go for the kill when it went below $3/- ??
SGX has been downtrending for the past few months.
But I think there's a possibility of trend reversal happening in the next few weeks.
But I think there's a possibility of trend reversal happening in the next few weeks.
CIMB-GK -> Outperform
http://www.remisiers.org/research//SGX-280706cgk.pdf
OCBC Sec. -> Hold
http://www.remisiers.org/research//SGX060728.pdf
Earnings were ahead of expectations. Trading activity on the Exchange was > 10% higher in Jun quarter than Mar quarter. Clearing fees were up 45%, as turnover averaged $1b/day in Jun quarter, while derivate revenues surged 93% on a 49% jump in contracts and a doubling in structured warrants revenues. SGX is not just about shares and warrants any more.
Management is prepared to sell its space at The SGX Center, held in the books at $160m, ie SGX is unlikely to sell below this. At recently transacted prices of $1100psf, the 169,500 sd. ft. space is worth $186.5m. There's no need for it to own when it can just lease it.
Below stated statement.
Please notes, not an inducment to trade or take a gamble
Scary memm.. sgx kena punt again -20cts, short U win, long I lose.
Scary memm.. down to $2.64 cents b4 it make a come back to closed at $3.68, is good for day trader & thank to the big deep pocket boys.
Sure, sure thing. U r rite on d dot. be quick to profit take. Mon-no good
SGX trend uncertain. If I were to guess, I think its likely to dip a little early next week.