Singapore Exchange (SGX)

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Financial results for the financial year ended 30 June 2018 ("FY2018")

Highlights :
1. Revenue: S$845 million, up 5% from a year earlier
2. Operating profit: S$425 million, up 6%
3. Net profit: S$363 million, up 7%
4. Earnings per share: 33.9 cents, up 7%
5. Return on shareholders' equity was 34%
6. Net profit margin was 42%
7. Proposed final dividend: 15 cents per share, and total dividend of 30 cents per share for the year, up by 2 cents
8. From FY2019, SGX will pay a higher dividend of 7.5 cents per share, starting from the first quarter of FY2019.

More details in :
1. http://infopub.sgx.com/FileOpen/SGXNet_4...eID=517968
2. http://infopub.sgx.com/FileOpen/20180727...rofit_of_S$363_million.ashx?App=Announcement&FileID=517969

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Straits Times Index (STI) Quarterly Review September 2018

FTSE Russell announces that there will be one change to the constituents of the Straits Times Index (STI), following the September quarterly review. Dairy Farm International Holdings will be added to the index and, as a result, StarHub will be excluded.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Suntec REIT, Mapletree Commercial Trust, Keppel REIT and Mapletree Logistics Trust and Mapletree Industrial Trust. Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review. A full list of STI constituents can be found on the website.

The next review will take place in December 2018.

[weijian]

I too, was surprised to see a ~42.8% vote against the RSP resolution. The "absolute power" of the Remuneration Committee to award the RSP and also some of the issues bought up by Prof Mak in the later part of the article about lowering the benchmark comparisons (not the first time they did it) probably contributed to it.

SGX makes good disclosures, but needs more transparency on share plans

On Sept 20, the Singapore Exchange (SGX) held its annual general meeting (AGM), which, according to news reports, was dominated by questions about listed companies suing their own shareholders for defamation.

What appears to have escaped attention is that at the AGM, 42.76 per cent of the shares that voted rejected the proposed restricted share plan (RSP). This is a very high percentage of shares voting against any resolution.

http://governanceforstakeholders.com/201...are-plans/

[weijian]

SGX is clearly more than just a securities market

It is growing its overseas footprint, setting up new offices in major cities and inking numerous MOUs

https://www.businesstimes.com.sg/compani...ies-market

[weijian]

The derivative business is definitely a great way to punch above your weight. But regulatory risks like what happened to the Indian Niffy contracts situation cannot be ruled out.

Betting on SGX? Better metrics than many listed gaming peers

SIR, would you like to make a wager - or hedge, as professional investors like to call it - on Singapore?

That may be quite a bet to make. Singapore's equity market and economy are a tad too small, with growth maturing.

Not to worry, sir! We can offer you China, India, Japan, Indonesia, Taiwan, the US dollar, Chinese yuan, Indian rupee and much more. If that still does not cater to your tastes, we can extend to you more exotic offerings: iron ore, coal, shipping freight, petrochemicals and rubber. You need not be bullish, you can even be bearish. You can participate in this suite of products at the convenience of a single deposit - or margin. So, come on in and place your... hedge.

https://www.businesstimes.com.sg/compani...ming-peers

[valerene]

Any reason for the recent rise in stock price for sgx?

[weijian]

The derivatives market for SGX is growing with a clear path. Any bull market or volatility in the asia markets are going to give its derivative volumes are great boast.

That said, the equity fund raising portion of this business is tepid and getting worst. While RegCo has done some work, but more work needs to be urgently executed. The long arm of the law, needs to get shorter.

No sign of governance: http://governanceforstakeholders.com/201...overnance/

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Investment in BidFX Systems Ltd.

Singapore Exchange Limited (SGX) announced that it has, through its wholly owned subsidiary, Asian Gateway Investments Pte. Ltd. (AGI), entered into a subscription agreement with TradingScreen Inc. (TS) and its subsidiary, BidFX Systems Ltd. (BidFX) pursuant to which AGI has subscribed for preferred shares in BidFX constituting 20% of the entire issued share capital of BidFX (on a fully diluted basis), coupled with an option to acquire additional shares in the issued share capital of BidFX to gain a controlling interest in BidFX, for a total cash consideration of US$25,000,000.

BidFX is engaged in the business of operating a global electronic trading system focused on foreign exchange products (FX) through which it provides automated FX trade execution, order management and other trade-related services to financial market participants (BidFX Systems). SGX and BidFX intend to engage in a cooperative relationship to allow BidFX customers that are also SGX customers to access and use SGX platforms via the BidFX Systems for FX trading.

In connection with the Transaction, wholly owned subsidiaries of SGX, Singapore Exchange Derivatives Clearing Limited and Singapore Exchange Derivatives Trading Limited, also entered into an alliance agreement with BidFX to develop the above functionalities.

More details in https://links.sgx.com/FileOpen/Investmen...eID=548823

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SGX taps MyInfo to Roll Out Paperless CDP Account Opening Service

Singapore Exchange (SGX)’s Central Depository (CDP) account opening service has gone digital, enabling greater convenience and security for retail customers.

Customers looking to open an Individual CDP account can now apply and submit their applications online, without the need to provide paper documents.

For Singapore citizens and residents, they can leverage MyInfo (myinfo.gov.sg) – a government digital service that allows users to manage their personal data for online transactions – for a seamless experience. With the customer’s consent, CDP can automatically access details from his or her MyInfo profile to open a new CDP account, bypassing the need for the customer to submit personal details and supporting documentation.

For applicants without MyInfo profiles, they can still open a CDP account online and easily upload soft copies of supporting documentation. To start investing, a brokerage account would also need to be opened. Customers may approach their brokers, if they plan to open CDP and trading accounts concurrently.

More details in https://links.sgx.com/FileOpen/20190506_...eID=557957

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SGX to launch securities market “Trade at Close” session on 3 June

Singapore Exchange (SGX) is introducing the "Trade at Close" (TAC) session for the securities market on 3 June 2019.

The 10-minute-long TAC session will immediately follow the closing auction routine and allows participants to execute orders at the closing auction price set during the closing auction routine. The TAC session will occur at 5.06pm to 5.16pm on a regular trading day and from 12.06pm to 12.16pm if the market is trading for half a day.

More details in https://links.sgx.com/FileOpen/20190514_...eID=559289