
krisluke ( Date: 15-Dec-2010 22:24) Posted:
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smltimer ( Date: 15-Dec-2010 22:21) Posted:
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Earlier today, it went to a meaty 8.54..
probably due to supportive buying.

iPunter ( Date: 14-Dec-2010 21:48) Posted:
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It made another new low @8.41 today...
krisluke ( Date: 14-Dec-2010 21:30) Posted:
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constant short candlesticks in the making.... cci (5 days) signal a rally soon.
just my 2 cents : )
i shall wait for the 11 buck to come!!! looking at the bright side of SGX LOL
Cheers!!! CHIONG ARH SGX!!!!
bsiong ( Date: 14-Dec-2010 15:25) Posted:
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iPunter ( Date: 13-Dec-2010 20:46) Posted:
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Singapore Exchange - Fortune awaits the brave in 2011 (BUY, $8.45 - TP $11.00, SGXL.SI / SGX SP, Finance) |
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We continue to hold a positive view of Singapore Exchange’s (SGX) merger bid with the Australian Securities Exchange (ASX) which, according to management, is still on track for completion in 2011. With the stock having slid 16% since that announcement in October, we believe the current price level marks an attractive entry point. |
/KimEng/

soloman ( Date: 13-Dec-2010 15:19) Posted:
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If one has bought a stock which goes down,
it is rather obvious that the 'stupid' one is not the stock...
iknownothing ( Date: 13-Dec-2010 19:14) Posted:
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Australia side in weeks will decide ............................
probably yes to takeover ...........................................unless hysteria takes over them .......................
Today, another new low@8.43...

Today, another low @8.46 ...

iPunter ( Date: 09-Dec-2010 11:26) Posted:
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Today, another low @8.46 ...
iPunter ( Date: 09-Dec-2010 11:26) Posted:
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ASX-SGX merger, Australian economy to benefit
Access Economics on Monday said the Singapore Stock Exchange’s (SGX’s) takeover of the Australian Securities Exchange (ASX) would benefit the Australian economy.
In an Australian Securities Exchange report released on Monday, Access Economics said the 8.4B USD deal would improve Australia’s chances of becoming a financial services hub in Asia and lower the cost of capital for Australian companies.
It said the merged group would build a conduit into Asian financial markets to improve financial flows between Australia and Asia, and connect Australian funds managers to “fast-growing pools of Asian savings”.
It would also reduce the cost of capital by increasing access to foreign capital, liquidity and diversification.
“ASX-SGX is a natural fit for encouraging Asian capital to invest in Australia’s economic potential,” the report said.
The deal, one of the biggest proposed takeovers of the year, requires approval from Australia’s Foreign Investment Approval Board and Treasurer Wayne Swan, who would assess whether the deal would better the country’s prosperity.
Interestingly, the report also said the ASX should be allowed to respond to new competitors entering its markets, namely that of Chi-X, which is planning to launch next year.
“If ASX-SGX were disallowed, this could add to perceptions, especially in Asia, that Australia is not welcoming of foreign investment and/or is overly protectionist,” it said, quoted by The Australian newspaper.
If approved, the merged group would become the fifth largest securities exchange in the world by market capitalization at about 12.3B USD’s and become the 2nd largest listings venue in Asia.
—Paul A. Ebeling, Jnr.