Singapore Exchange (SGX)

[CityFarmer]

SGX is actively seeking more opportunities in India...

............
SGX opens Liaison Office in India
Singapore Exchange (SGX) announced that, following approval from the Reserve Bank of India, its Liaison Office in India has commenced operations with Neena Prasad as its Chief Representative. SGX’s office in India will provide information and act as a communication channel to support capital raising by Indian companies in Singapore. Such capital raising can be achieved via listing of stocks, bonds, Real Estate Investment Trusts, business trusts and/or depository receipts. The opening of SGX's India Office will also strengthen its partnership with the National Stock Exchange of India (NSE). The strategic partnership began in 2000 when the two exchanges collaborated to develop the international futures market. In 2007, SGX took a 5% minority investment in Bombay Stock Exchange (BSE).
http://infopub.sgx.com/FileOpen/20140722...eID=306221

[CityFarmer]

SGX FY2014 result below. The result is not as bad as expected with net profit down 5%, and overall revenue down by 4%

(vested)

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SGX posts FY2014 net profit of $320 million
 SGX: All businesses grew in FY2014 excluding securities business
 SGX FY2014 net profit down 5% at $320 million on 4% fall in revenue to $687 million
 SGX proposes unchanged final dividend of 16 cents, total dividend of 28 cents
Magnus Bocker, CEO of Singapore Exchange, said, “We recorded net profit of $320 million on revenue of $687 million last year. Notwithstanding the difficult year for our securities business, we delivered a solid performance with growth in all our other businesses. For the fourth quarter, revenue was $173 million with net profit unchanged at $77 million from the third quarter.

http://infopub.sgx.com/FileOpen/20140731...eID=307662

[marandaz]

Click here for sauce

1. To introduce a minimum trading price of S$0.20 as a continuing listing requirement for issuers listed on the SGX Mainboard [Catalist not affected?].

2. To require securities intermediaries to collect minimum 5% of collateral from their customers for trading of listed securities.

3. To implement aggregate short position reporting to further enhance transparency of short selling activities in the securities market [Already implemented?]

4.Securities Association of Singapore (SAS) will take the lead to develop industry guidelines [Don't think it affect investors much]

5. SGX will establish three independent committees, namely Listings Advisory Committee, Listings Disciplinary Committee and Listings Appeals Committee [Don't think it affect investors much].

6. SGX will reduce the board lot size for securities listed on SGX from the existing 1,000 shares to 100 shares in January 2015 [Finally UOB, DBS, Jardine here I come].

[Art or Science]

6. SGX will reduce the board lot size for securities listed on SGX from the existing 1,000 shares to 100 shares in January 2015 [Finally UOB, DBS, Jardine here I come].

Yeah! Finally!

But with the affordability, perhaps prices of shares that have bigger values would be affected ..

Then again, I may be thinking too much lah.

[kw2496]

Minimum trading price of 20c, though imo the 36 month cure period for errant companies is lenient.

Lot size has also been decreased from 1000 to 100, effective January next year. This is welcome news for most investors.

http://www.mas.gov.sg/~/media/MAS/News%2...ctices.pdf

EDIT: I realised this has been covered under the SGX thread, so feel free to delete this thread or shift it under there!

[CityFarmer]

SGX to introduce reduced board lot size from 19 January

Singapore Exchange (SGX) will reduce the standard board lot size of securities listed on SGX from
1,000 to 100 units from 19 January 2015. A smaller board lot size will make it more affordable for retail
investors to invest in a wider range of equities, including blue chips, and enable them to build more
balanced and diversified portfolios.
The reduction will apply to ordinary shares, including shares traded on GlobalQuote, real estate
investment trusts, business trusts, company warrants, structured warrants and extended settlement
contracts. Existing counters[1] with board lot sizes of 100 or less units will remain unchanged.
http://infopub.sgx.com/FileOpen/20140825...eID=312230

[piggo]

Probably useless when minimum trading fee of $25 per trade... doesn't make sense to buy 100 shares with such high transaction costs

[Nick]

Probably useless when minimum trading fee of $25 per trade... doesn't make sense to buy 100 shares with such high transaction costs

I believe this is targeting blue chips with high absolute values like UOB or the Jardine related companies. 100 shares in these companies would make buying them easier for retailer ie few k per transaction.

[CityFarmer]

Probably useless when minimum trading fee of $25 per trade... doesn't make sense to buy 100 shares with such high transaction costs

I believe this is targeting blue chips with high absolute values like UOB or the Jardine related companies. 100 shares in these companies would make buying them easier for retailer ie few k per transaction.

Yes, agree. the purpose wasn't to encourage low-value transaction, but to encourage participation on highly priced stocks

[Ferns]

Is there any limitation on brokerages such that they cannot reduce the commission charges?

Otherwise, it might be a logical thing to reduce commission charges slightly to align with this move. Lower charges would increase volume which in turn compensates for lower charges.