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Effective 17 November 2009, SGX will be implementing new securities settlement processes to reduce the incidences of non-delivery of securities and imposition of penalties for failed deliveries.
The key changes are :
Streamline Security Delivery Cut-off Time to 12.00pm on T+3
The cut-off time for clients to meet their sale obligations has been brought forward to 12.00pm on T+3. Clients must ensure that they have sufficient securities in their securities account by this timing in order to avoid buy-in by the SGX. This will take effect for trade done on 17 November 2009 onwards.
Introduction of Buying-in on T+3
CDP will conduct the buy-in of undelivered securities on T+3 from 3.00pm to 5.00pm instead of the morning of T+4. This new buy-in time will take effect for trade done on 9 December 2009 onwards.
During the transition period (i.e. trade done between 17 November 2009 to 8 December 2009), buying-in will be conducted on T+4 from 3.00pm to 5.00pm.
Penalty for Failed Trades on T+3
A trade is deemed to have failed if buy-in for the shortfall is unsuccessful by the end of T+3. SGX will impose a penalty of $1,000 or 5% (whichever is higher) of the value of the failed contract that was not bought in at the end of T+3. The existing arrangements for SGX to consider appeals for the waiver of this penalty will continue.
Penalties will NOT be imposed on short positions whereby the securities have been successfully bought-in on T+3 afternoon.
Buying-in and Procurement after T+3
Buy-in will continue on T+4 and T+5 from 3.00pm to 5.00pm for outstanding undelivered securities at the end of T+3. For failed delivery of securities that cannot be procured after T+5, a penalty of $5,000 each day will apply.
For extended failed delivery of securities after T+7, or for failed delivery of securities in the buy-in market, the matter may be referred to the SGX Disciplinary Committee to decide on the appropriate penalty. A penalty of not less than S$20,000 may be imposed if the party is found culpable.
Revision of Buying-in Processing Fee
The buying-in processing fee will be revised from the current S$30 to $75 (S$80.25 inclusive of GST). This revised fee will be applicable to trades done from 17 November 2009 onwards.
For more details, kindly contact your brokers.
You can also refer to SGX news releases dated 9 October 2009 and 12 November 2009 via the link below.
http://www.sgx.com/wps/portal/corporate/cp-en/home
Cut all already. I even oversold! Lost track of it. Hope won't be fined. Was told that few lots won't be fined. True?
big drop today...in-line wif capital. wonder will it drop some more~
cannot remember
sureesh40 ( Date: 06-May-2010 08:37) Posted:
| Which bank or brokerage house is this Donald Chua from? |
|
| KepLand |
Symbol:
K17 |
Currency:
Singapore Dollar |
| Last: |
3.52 |
 -0.12 |
Vol (K): 10527.0 |
| Trading |
| Updated Time |
07-May 16:39 |
| Open |
3.58 |
High |
3.58 |
Low |
3.46 |
| Prev Close |
3.64 |
Buy |
- |
Sell |
- |
| Volume(K) |
10527.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
3.86 |
52 Wk Low |
1.67 |
52 Wk Avg Vol |
4237.52 |
| All Time High |
9.9 |
All Time Low |
0.46 |
|
|
| Comments |
No Info |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
30-Apr-2010 |
Financial Year |
31-Dec-2009 |
Current Year Profit
(After Tax) $'000,000 |
280.416 |
Previous Year Profit
(After Tax) $'000,000 |
227.669 |
| Net Asset Per Share |
2.36 |
Turnover $'000,000 |
89.15 |
Current Year EPS
(After Interest and Tax) |
0.2 |
Previous Year EPS
(After Interest and Tax) |
0.16 |
| PE Ratio (After Tax) |
18.8 |
Times Covered |
2.5 |
| Price (at update time) |
3.75 |
Dividend Yield |
0.02 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
42.68 |
Williams %R |
-88.89 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Oversold |
Intraday Chart
Which bank or brokerage house is this Donald Chua from?
| Keppel Land Ltd |
| Quick takes - Good site, but does NOT come cheap - by Donald Chua |
| (KPLD SP / KLAN.SI, OUTPERFORM - Maintained, S$3.70 - Tgt. S$4.51, Property) |
| |
Maintain Outperform on KepLand. KepLand emerged as the top bidder for a 99-year leasehold site at Boon Lay/Lakeside Drive at S$499psf GFA or S$303m. We see potential in the site given its proximity to the Lakeside MRT station and the government's plans to rejuvenate the Jurong Lake district.
However, we believe KepLand may have been a little too aggressive in its bid. Factors such as the size of the site (525 units), distance from the city centre and the possibility of rising interest rates could put a cap on eventual pricing, in our view. Our FY11-12 core EPS estimates have been raised by 1% to factor in potential accretion. Our model assumes ASPs of S$880psf, implying a 6% net margin and a 17% premium to prices in the area. We believe our assumptions are fair but do not discount the possibility of price upside. The timing of the launch would be key.
Our RNAV estimate and target price have been lowered from S$4.53 to S$4.51 as the discounting of future cash flows offsets expected profits from the development. While we are not overly excited given the thin margins, we remain positive on KepLand's exposure to prime office assets and resilient township developments in China. KepLand remains our TOP PiCK in the sector.
|
SINGAPORE
Keppel Land Mayfair, a subsidiary of Mainboard-listed Keppel Land, has submitted the highest bid of $302.98 million for the 1.6-hectare site which can potentially yield 525 units.
This was a tad higher than the $302-million bid from Sim Lian Land for the tender of a 3.2ha land parcel at Tampines Avenue 1 and Tampines Avenue 10, which was closed almost two months ago.
The Urban Redevelopment Authority said that it has received 14 bids for the Boon Lay Way/Lakeside Drive tender, which was closed yesterday.
This compared to only eight bids received for the Tampines Avenue 1/Avenue 10 plot.
With a gross floor area of 56,411 sq m and a 99-year lease, the next highest bid for the Boon Lay Way land parcel came from MCC Land at $263 million. The site was launched for tender on March 23 and the lowest bid received was $165.8 million from Cove Residential.
Mr Li Hiaw Ho, executive director of CBRE Research, said the site attracted so many bids due to its location — which is near two MRT stations, coupled with an unblocked view of Jurong Lake. He said the development will likely attract upgraders from nearby private and public housing estates as well as employees from the surrounding industrial centres and Nanyang Technological University.
Mr Li added that the top bid of $302.98 million which works out to $499 per square feet (psf) per plot ratio will translate to a breakeven price of between $830 psf and $850 psf. As a comparison, Mr Li pointed out that sub-sale units at The Caspian transacted at $650 psf and $800 psf in the past four months.
“Assuming the residential market continues its present state of activity and growth, the future project on this site could fetch an average price of $900 psf to $950 psf by early next year,” said Mr Li.
Ngee Ann Polytechnic real estate lecturer Nicholas Mak noted that the number of bids placed for the land parcel was high. “This is a surprising high number indicating that developers in Singapore are still very hungry for development sites, especially those that are located near MRT stations,” he said.
Mr Mak said there is a high number of condominium developments around the site, which could contribute to the supply of resale units in the area. “The developers did not appear to be deterred by this fact. This indicates that they are very confident of the demand for new condominium units in the Boon Lay area,” said Mr Mak.
URA will decide on the winning bidder at a later date.
— The tender for the land parcel at Boon Lay Way and Lakeside Drive has attracted the highest bid for a residential site this year.pharoah88 ( Date: 05-May-2010 11:58) Posted:
today Wednesday May
BUSINESS
$302m for
Lakeside site
Keppel Land Mayfair’s bid is the
Highest for a Residential site this year
Jo-ann Hu ang
joannhuang@mediacorp.com.sg 5, 2010 page B1
|
|
today Wednesday May
BUSINESS
$302m for
Lakeside site
Keppel Land Mayfair’s bid is the
Highest for a Residential site this year
Jo-ann Hu ang
joannhuang@mediacorp.com.sg
5, 2010 page B1
| KepLand |
Symbol:
K17 |
Currency:
Singapore Dollar |
| Last: |
3.66 |
-0.04 |
Vol (K): 3279.0 |
| Trading |
| Updated Time |
05-May 11:11 |
| Open |
3.63 |
High |
3.67 |
Low |
3.61 |
| Prev Close |
3.7 |
Buy |
- |
Sell |
- |
| Volume(K) |
3279.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
3.86 |
52 Wk Low |
1.67 |
52 Wk Avg Vol |
4228.453 |
| All Time High |
9.9 |
All Time Low |
0.46 |
|
|
| Comments |
Near 52 wk high |
*Reporting Currency in SGD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
30-Apr-2010 |
Financial Year |
31-Dec-2009 |
Current Year Profit
(After Tax) $'000,000 |
280.416 |
Previous Year Profit
(After Tax) $'000,000 |
227.669 |
| Net Asset Per Share |
2.36 |
Turnover $'000,000 |
89.15 |
Current Year EPS
(After Interest and Tax) |
0.2 |
Previous Year EPS
(After Interest and Tax) |
0.16 |
| PE Ratio (After Tax) |
18.8 |
Times Covered |
2.5 |
| Price (at update time) |
3.75 |
Dividend Yield |
0.02 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
47.72 |
Williams %R |
-72.0 |
| Comments (RSI) |
No Info |
Comments (W%R) |
No Info |
Intraday Chart
1,963,000 S$3.75 -S$0.05
Friday: 30 APRIL 2010 CLOSING
STi STiLL in DOW PHOBIA
STi +15.6
HK +329.67
Kepland, make your surge on 30 Apr announcement and make push the gap further from Capitaland
CAP stocks got big exposure to China property sector.
E-war ( Date: 28-Apr-2010 23:05) Posted:
| Pleasant surprise tat she's holding up so well. All the CAP stocks seem unable to wx the storm well. |
|
Pleasant surprise tat she's holding up so well. All the CAP stocks seem unable to wx the storm well.
S$3.790 +S$0.010
Wednesday: 28 APRIL 2010 CLOSING
2932.04 -59.64
STi CORRECTION
GREECE CONTAGION
surprise kepland pass capital
bt well done ! keep rising !
Juzztrade ( Date: 28-Apr-2010 12:23) Posted:
Wow! Now Kepland higher than Capitaland. Still going strong after XD.
I am still holding. Sell above $4.00
|
|
Wow! Now Kepland higher than Capitaland. Still going strong after XD.
I am still holding. Sell above $4.00
Tuesday: 27 APRIL 2010 CLOSING
S$3.780 -S$0.080
TODAY is prOfit TAKiNG DAY.
STi 2991.680 -10.940
HSI -325
SSE -61
pharoah88 ( Date: 20-Apr-2010 18:06) Posted:
Tuesday: 20 APRIL 2010 CLOSING
S$3.66 -S$0.07
|
|
haha kepland always like tis 1, i day up nxt time down. yar bt still edging higher bit by bit ~
Keppel today got wind chiong quite a bit. Tmr sure lao hong a bit. But upwards trajectory becoming more stable with solid earnings.
