SGX    Last:16.16    -0.04

SGX

SGX    -   Technical Analysis

SGX failed to clear crucial horizontal resistance at 8.73 in January. After some consolidation the stock dropped below the 50-day moving average and started another leg down. It is currently testing the recent low at 8.21 near the important 200-day moving average. The overall bias remains to the upside unless this key support fails to hold. The short-term technicals are neutral. It takes a break above the mid-term downtrend line currently near 8.56 to suggest a potential mid-term bottom. Clearing horizontal resistance at 8.73 would confirm resumption of the major uptrend targeting 9.24/9.28 initially. Violation of current support on the other hand would imply further downside risk towards 7.86/7.93. 

/dbwarrants/

 

 

one day in Stock exchange...

 

sibei jialat. i think many will call in to check latest prices.

 

Since it is everyone's lunch-hour, and thus free to call their brokers,

  I will expect remisiers to be extremely busy not with eating their burgers,

      but attending to clients' questions, explaining things, etc...

krisluke      ( Date: 16-Feb-2011 23:22) Posted: provided most trades are done through call in or walk in. hpong5      ( Date: 16-Feb-2011 23:19) Posted: Ya especially those with clients who calls to place orders. Cannot eat peacefully

 

comin soon, for those visit  broker firm during lunch time/breaktime...

hpong5      ( Date: 16-Feb-2011 23:26) Posted: got walk in one meh?!?? krisluke      ( Date: 16-Feb-2011 23:22) Posted: provided most trades are done through call in or walk in

 

got walk in one meh?!??

krisluke      ( Date: 16-Feb-2011 23:22) Posted: provided most trades are done through call in or walk in. hpong5      ( Date: 16-Feb-2011 23:19) Posted: Ya especially those with clients who calls to place orders. Cannot eat peacefully

 

does the implementation violating M.o.M employement conduct code?

 

provided most trades are done through call in or walk in.

hpong5      ( Date: 16-Feb-2011 23:19) Posted: Ya especially those with clients who calls to place orders. Cannot eat peacefully. iPunter      ( Date: 16-Feb-2011 23:10) Posted: Remisiers will be the ones who are most 'terok' (susah)...

 

Ya especially those with clients who calls to place orders. Cannot eat peacefully.

iPunter      ( Date: 16-Feb-2011 23:10) Posted: Remisiers will be the ones who are most 'terok' (susah)... hpong5      ( Date: 16-Feb-2011 23:03) Posted: actually the brokerage houses should subsidise the meals

 

Remisiers will be the ones who are most 'terok' (susah)...

hpong5      ( Date: 16-Feb-2011 23:03) Posted: actually the brokerage houses should subsidise the meals. iPunter      ( Date: 16-Feb-2011 22:35) Posted: That is true... and probably there will soon be a new       GPS iPhone App for ordering lunches..

 

actually the brokerage houses should subsidise the meals.

iPunter      ( Date: 16-Feb-2011 22:35) Posted: That is true... and probably there will soon be a new       GPS iPhone App for ordering lunches.. hpong5      ( Date: 16-Feb-2011 22:30) Posted: In fact many f& b retailers already came up with meals deliveries ideas and have approached these brokers.

 

That is true... and probably there will soon be a new

      GPS iPhone App for ordering lunches..

hpong5      ( Date: 16-Feb-2011 22:30) Posted: In fact many f& b retailers already came up with meals deliveries ideas and have approached these brokers. iPunter      ( Date: 16-Feb-2011 22:18) Posted: It may mean boom-time for hamburger shops from 1 Matrch...   and there's bound to be long queues in the morning...           by broking workers and office workers...

 

continuous trading  has no different at all,  it good this way, any  HOT news breakout, first hand know, immdiately buy/sell. News of all sources . VIX index for the asia...

 

In fact many f& b retailers already came up with meals deliveries ideas and have approached these brokers.

iPunter      ( Date: 16-Feb-2011 22:18) Posted: It may mean boom-time for hamburger shops from 1 Matrch...   and there's bound to be long queues in the morning...           by broking workers and office workers...

 

It may mean boom-time for hamburger shops from 1 Matrch...

  and there's bound to be long queues in the morning...

          by broking workers and office workers...

 

continuous trading from 1 march will see big buy up or big sell down during 1230 to 1400 when most go for their lunch.

 

ANY COMMENTS, SINGAPOREANS... ^^

 

 

SGX " PIG IN DRESS" DEAL

THE Singapore stock exchange has sweetened its $8 billion bid for the Australian Securities Exchange, promising equal Australian board representation and that key ASX staff, assets and operations would remain onshore.

But the move - aimed at easing concerns about the sale of an Australian financial icon - failed to silence key political opponents and could face a private member's bill to derail it as well as a Senate inquiry into its implications for the nation.

In addition to the guarantees on board representation on the merged entity, staff and operations, Singapore Exchange Limited (SGX) also pledged to invest in, develop and introduce new products and services in Australia and Singapore.

SGX said the revised offer would " strengthen the development of the financial services sectors and the national interests of both Australia and Singapore" .

The proposal, unveiled last October, which would create the fifth-largest securities market in the world, has drawn fire from all sides of politics and run into public opposition, with a UMR Research poll in December showing two-thirds of Australians opposed the bid.

Last night, Queensland federal rural independent MP Bob Katter likened the revised offer to " putting a dress on a pig" and floated moving a private member's bill to scuttle it.

And South Australian independent senator Nick Xenophon said he had reservations about the bid and flagged a Senate inquiry.

But SGX chief executive Magnus Bocker told The Australian yesterday's list of guarantees was aimed at addressing concerns about the bid and signalled an application would be lodged within weeks with the Foreign Investment Review Board.

Mr Bocker would be visiting key capitals, including Canberra, " explaining why this is in the national interest" .

" This is definitely answering a lot of the questions we received, a lot of concerns we heard," he said of the new offer. He said the merger of the Singapore and Australian exchanges would build the Australian services sector and the new board structure would be " very balanced" .

" This is a question of creating jobs (in Australia), not taking out jobs. It is a question of committing ourselves to investment, to be competitive, to have the right fee structures, to add new products and services," he said. Under the new bid, SGX chairman Chew Choon Seng would be chairman of the combined group and ASX chairman David Gonski would be deputy chairman as well as chairman of the ASX-SGX integration committee. ASX and all of its subsidiaries - as well as ASX Compliance - would maintain boards with a majority of Australian citizen directors and an Australian as chair.

The new bid promises to continue existing regulatory oversight and that any changes to listing rules and ASX operating rules would be scrutinised by the Australian Securities & Investments Commission.

Wayne Swan declined to comment yesterday but rural independent Rob Oakeshott called on the government to " get going" in considering the deal.

" Delay is not an option and leads to uncertainty," Mr Oakeshott said.

Mr Katter, flagging a private member's bill to scuttle the deal, said it amounted to " selling the mechanisms of your society by which your society operates.

" It's not like selling a chook factory or canvas bag factory - what goes for sale next, the High Court?

" You can put a dress on a pig but it's still a pig - that's what is occurring here."

//theaustralian.com//

 

DJ UPDATE: Australia Greens Say ASX-SGX Board Changes Are Window Dressing Dow Jones Newswires | 16 Feb 2011 1:40pm (Adds detail, Brown quotes, coalition comment) By Rachel Pannett Of DOW JONES NEWSWIRES CANBERRA (Dow Jones)--Australian Greens Party leader Bob Brown on Wednesday dismissed as " window-dressing" changes to the board structure in a proposed tie-up between Singapore Exchange Ltd. (S68.SG) and ASX Ltd. (ASX.AU), vowing to block legislation that would lift the current 15% foreign ownership cap on the Australian stock exchange operator when it comes before Parliament. " The Greens will not support the move to exempt the 15% shareholder cap on the Australian Stock Exchange to allow it to be taken over by the Singapore Exchange unless genuine benefits can be clearly proven, and that seems unlikely," Brown said. The comments underscore the threat Australia's fragile political environment poses to the US$8.3 billion deal's approval. The Labor government needs the support of either the Liberal-National coalition or the Greens and nonparty lawmakers in the lower and upper houses of Parliament to pass any new laws. The Greens will hold the balance of power in the upper house from July. SGX and ASX announced Tuesday the board of the merged entity would now have an equal number of Australian and Singaporean citizens, in a bid to address Australian governance and national interest concerns about the merger proposal. The proposed number of board members has been reduced to 13 from 15 and would comprise five Australian and five Singapore citizen members, with three international members from neither country. The companies also said revenue generated from listings, transactions and fees on the Australian exchange would remain in Australia. Still, Brown, said the deal would " short-change Australia and leave the nation vulnerable to the loss of control of a key financial institution" . " Ceding control now means opening the door to future predators. Once those protections are gone, future takeover attempts are a certainty," he added. SGX is preparing to submit its application for the proposed acquisition with Australia's Foreign Investment Review Board. The bid must also be approved by Australian Treasurer Wayne Swan, the Australian Securities and Investments Commission and regulators in Singapore. Swan has so far declined to comment. Joe Hockey, shadow treasurer for the Liberal-National coalition, called on the treasurer to " declare his hand" in relation to the Singapore bid. " When the government, with all the facts in front of it, declares its position we will have more to say," Hockey said. SGX's October bid to acquire all of ASX would create the world's fifth-largest listed exchange operator. It is by far the boldest step yet toward exchange consolidation in Asia, which lags behind Europe and the U.S. in such tie-ups. Deutsche Boerse AG and NYSE Euronext announced a takeover pact this week to create the world's largest financial exchange, while London Stock Exchange Group and Toronto-based TMX Group confirmed a deal to create a trans-Atlantic trading venue heavy on resource and clean-energy listings. Analysts say outright mergers, however, are difficult in many Asian countries given a reluctance within the region to cede control of national trading venues to foreigners.