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moneynoenough
Senior |
17-Jun-2025 19:49
Yells: "ikan bilis " |
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x 0 Alert Admin |
eat from bowl, complain the hand thats nourished it, then flip bowl, enough of the bs, time to bring in the big fat rottan...? https://www.businesstimes.com.sg/opinion-features/should-we-expect-singapore-based-companies-list-here |
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moonsun
Veteran |
16-Jun-2025 19:54
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x 0 Alert Admin |
Singapore-incorporated coconut water firm gets closer to cracking Hong Kong?s IPO market |
So now how ? Measures more |
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Joelton
Supreme |
03-Jun-2025 10:10
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Share buybacks on SGX surge 84% in first five months to 5-year high of S$930 million
April accounted for almost half of value traded as tariff-driven volatility fuelled buyback of primary-listed shares
[SINGAPORE] In the first five months of 2025, 63 primary-listed Singapore companies conducted share buybacks through open market acquisitions, spending a total of S$930 million &ndash an 84 per cent jump from S$505 million in the same period last year.
This was the highest buyback level for the first five months of a year since 2020, based on a Singapore Exchange (SGX) market report on Monday (Jun 2).
The local bourse said this was largely due to market volatility in April, which saw S$425 million of primary-listed shares purchased by issuers.
&ldquo The month of April 2025 produced the fourth-highest monthly tally in buyback consideration for the past 10 years,&rdquo it added.
The surge in buybacks does not include activity from secondary-listed companies or Singapore-listed real estate investment trusts (S-Reits).
May alone accounted for S$176 million in share buybacks from primary-listed companies. UOB : U11 +0.4%led the charge with S$144 million worth of shares at an average price of S$35.33 apiece.
DBS : D05 +0.31% followed with S$18 million in buybacks at an average price of S$44.07 a share, while Olam Group : VC2 -1.11% repurchased S$6 million worth of shares at an average price of S$0.93 each.
For the first five months of 2025, the trio of local banks accounted for 77 per cent of the total S$930 million in filed buybacks.
DBS led the local banking trio in share buybacks during this period, repurchasing S$277 million worth of shares at an average price of S$42.13 each. UOB followed closely with S$253 million in buybacks at an average price of S$34.84 per share, while OCBC : O39 0% repurchased S$182 million worth of shares at an average price of S$16.69 apiece.
&ldquo The trio are actively returning surplus capital through share buybacks over the next two to three years,&rdquo the report noted.
Part of growth strategy
Beyond the primary list, secondary-listed Hongkong Land : H78 +2.32% has also been actively buying back its shares, spending US$55 million at an average price of US$5.05 per share under a US$200 million programme announced on Apr 24. The deals, funded by recent transactions and capital recycling, are part of the company&rsquo s strategy to cancel repurchased shares by Dec 31, 2025.
This aligns with Hongkong Land&rsquo s broader shift, launched in 2024, to focus capital away from build-to-sell projects and towards developing ultra-premium commercial properties in key Asian cities for long-term growth.
Meanwhile, managers of ESR Reit : 9A4U +0.45% and Stoneweg European Reit : CWBU +0.66% have also continued to buy back units as part of their capital-management strategies.
ESR Reit repurchased 838,700 units in May at an average price of S$2.21 each, following the buyback of 50.3 million units in the first four months of 2025 ahead of its one-for-10 reverse stock split.
The Reit manager views buybacks as a flexible, cost-effective tool to boost return on equity (ROE) and net asset value (NAV), while also helping to reduce market volatility and support investor confidence, SGX said.
Stoneweg European Reit acquired 37,000 units at 1.47 euros each on May 15, following earlier buybacks in March and April. In 2024, the Reit repurchased 1.5 million units as part of its capital-management strategy to enhance ROE and NAV.
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moonsun
Veteran |
02-Jun-2025 10:51
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Singapore's 1st billion-dollar biotech start-up chooses to list in... Hong Kong.
Mirxes is also the 1st SEA biotech start-up to achieve a valuation of more than US$1bn when it launched its IPO on the HKEX on May 23. The irony is that the start-up was spun out of Singapore's R&D agency A*Star in 2014 decided to list in HKG due to its "expansive fund-raising platform with a mature base of investors familiar with the industry". Gone case.. local billion $ ipo gone hk. |
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MrBear12
Supreme |
30-May-2025 12:49
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0 Alert Admin |
https://www.sgxgroup.com/25?utm_medium=website&utm_source=sgx-web&utm_campaign=25th&utm_term=10022025&utm_content=1920x640px_SGX
Trade sgx |
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MrBear12
Supreme |
29-May-2025 16:08
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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On 23 May 2025, Gan Hsiao Ping Calvin (?Gan?) was sentenced to 18 weeks? imprisonment and a fine of $20,000 after a trial. He was convicted of the following offences on 9 April 2025:
Three charges under Section 197(1)(b) of the Securities and Futures Act, Cap 289 (?SFA?) for false trading and One charge under Section 201(b) SFA for unauthorised trading. Gan?s conviction was a result of a joint investigation carried out by the Commercial Affairs Department of the Singapore Police Force and the Monetary Authority of Singapore, following a referral from the Singapore Exchange Regulation Pte Ltd. Background of case Between 18 September 2015 and 16 December 2015, Gan engaged in a course of conduct for the purpose of creating a false appearance with respect to the market for securities of three counters listed on the Singapore Exchange, namely Versalink Holdings Limited, Kingboard Copper Foil Holdings Limited and Innotek Limited. He did so by entering and deleting a series of buy and sell orders at prices and volumes that he did not intend to transact at, to create the illusion of buying and selling interest in these securities. Sometime in the second half of 2015, Gan discovered that a trading algorithm used by Merrill Lynch International (Merrill Lynch) was willing to enter better priced orders once he got the algorithm to react to his orders (i.e. the algorithm would enter buy orders at higher prices, and sell orders at lower prices). He then began to actively look for the Merrill Lynch algorithm across the three counters and strategised to trade against it. Gan?s trading strategy involved layering and spoofing to manipulate the spread in the three counters. He would enter layered orders, namely fraudulent orders at various price levels on the buy side (bid), the sell side (ask) or both, creating the illusion of buying and selling interest in the market for the securities. This resulted in an artificial narrowing of the market spread between the priority bid/ask prices, allowing Gan to induce the Merrill Lynch algorithm to respond with better priced orders. After Gan executed trades with the Merrill Lynch algorithm?s better priced orders, he deleted the fraudulent orders which did not cause the Merrill Lynch algorithm to respond as did not intend for these orders to be fulfilled by other market participants. By executing this strategy, Gan was able to earn quick profits through buying securities at lower prices from, and selling them at higher prices to, the Merrill Lynch algorithm. Apart from using the above strategy in two of his trading accounts, Gan conducted some fraudulent trades using his father?s trading account maintained with RHB Securities Singapore Private Limited without the firm?s requisite consent. Using his strategy over 37 trading days, Gan executed 2,759 fraudulent trades with the Merrill Lynch algorithm and made profits totalling $16,361.40. In sentencing the accused, the Court found that the accused had actively traded illiquid stocks where the number of trades and the quantity bought and sold for the three securities was high. The accused also engaged in calculated behaviour and made a significant sum of profits. Although the accused made late disgorgement of his gains, balancing this against the harm and culpability factors, the custodial threshold was crossed. PUBLIC AFFAIRS DEPARTMENT SINGAPORE POLICE FORCE 27 May 2025 @ 3:20 PM |
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MrBear12
Supreme |
29-May-2025 15:16
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0 Alert Admin |
This is the best stock I've seen on SGX.
1 dollar invested when it first started out in year 2000 would have ballooned to some 20 dollars. Trade with the best |
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MrBear12
Supreme |
23-May-2025 12:55
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0
x 0 Alert Admin |
Collect forever
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Puppylearn
Senior |
23-May-2025 10:13
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x 0
x 0 Alert Admin |
Collect now
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MrBear12
Supreme |
18-May-2025 12:19
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 1
x 0 Alert Admin |
Yes. Depends on viewpoint.
Bear invest for fellow Singaporeans to find jobs. Job market no good. Currently Need investments to create jobs Trade to create employment.
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Nippon72
Veteran |
18-May-2025 10:51
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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x 0
x 0 Alert Admin |
Depends how you look at SGX market? There are rare gems to be unearthed in the likes of Oiltek, Centurion, ST Engg etc. Not to mention the ever 3 x stable banks or Reits like CICT. If you have bought them in their teens or the recent crash, you wouldn' t be saying this. US market while adrenalin pumping, you could have heart attacks on the price wild swings, witholding taxes, etc. Beside, SGX is the only market we called our own, macam your only son. Do you bash him, belittle him even if he is not performing up to your expectations? I do invest in US market thru S& P Index and China thru Asian ETF as I believe they are Siamese twins. My 2c on a lazy Sunday morning. |
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MrBear12
Supreme |
18-May-2025 10:37
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0
x 0 Alert Admin |
Super boring
That is why I come to Share Junction
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pikachu
Master |
18-May-2025 09:32
Yells: "Holy Cow!" |
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x 0 Alert Admin |
SGX market is quite boring... | ||||
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chengwh1
Elite |
17-May-2025 14:11
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x 0 Alert Admin |
Thot it will go up with this initiative ann' d after trading hrs on Thursday,... but went down instead. I have trust the EMRG will improve share price performance.
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moonsun
Veteran |
16-May-2025 13:40
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x 0
x 0 Alert Admin |
The final nail in the coffin?.
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Joelton
Supreme |
16-May-2025 12:00
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Reviving the SGX: Prospectus disclosures to be streamlined to draw more IPOs
SINGAPORE &ndash Disclosure requirements for companies considering initial public offerings (IPOs) here could be simplified to make the listing process easier and help firms provide more relevant information to investors.
The Monetary Authority of Singapore (MAS) said on May 15 that it is consulting the public on proposed amendments to regulations under the Securities and Futures Act.
The exchange regulator, Singapore Exchange Regulation (SGX RegCo), is also conducting a concurrent public consultation on the relevant amendments to listing rules.
The moves come after an MAS-led review group announced new measures in February aimed at reviving trading on the SGX. These include getting selected fund managers to invest at least $5 billion of seed capital in promising non-index SGX stocks, and requiring family offices here to also invest in the stock market.
The proposed regulatory changes towards a less prescriptive and more disclosure-based system for IPOs are part of these measures.
Streamlining disclosures for primary and mainboard listings
Companies seeking a primary listing on the SGX will be required to disclose information that is most relevant to investors.
For example, the issuer is now required to disclose the list of all entities owned by the company&rsquo s directors or controlling shareholder that operate in the same business as the issuer. This generates excessive details about these entities.
&ldquo The existing requirement will be streamlined to require issuers to provide clear disclosure on the core substance of conflicts faced, instead of purely factual information about the entities,&rdquo noted the MAS consultation paper.
There are also proposals to ensure that the time and costs needed to compile the information is commensurate with the informational value to investors.
For example, companies have to get an outside expert to confirm their profit predictions when they list on the stock market.
The MAS is proposing to remove the requirement for such a third-party expert to confirm an issuer&rsquo s profit forecasts, citing challenges in obtaining such endorsements due to the judgment involved.
Instead, the issuer&rsquo s board should be responsible for ensuring the forecasts are prepared in line with accounting policies and based on reasonable assumptions. This aligns with practices in the EU and Britain.
Meanwhile, interim financial statements may be required in a prospectus only if the most recent full-year financials are more than nine months old at the time the offer document is lodged.
This change would give issuers a longer window to launch their IPOs without having to prepare interim statements, a process which usually takes several months. &ldquo A longer launch window is especially important in times of high market volatility,&rdquo the MAS said.
There are also proposals to reduce the scope of disclosures required of past events or historical details where these are less relevant to investors.
SGX RegCo is also consulting the public on easing the criteria for mainboard listings, while upholding the quality of applicants.
SGX RegCo chief executive Tan Boon Gin noted that the regulator plans to retain a prescriptive approach in critical areas such as financial health, the track record of directors, management and controlling shareholders.
However, for other aspects, the focus will shift towards enabling issuers to ensure clear and robust disclosures that allow investors to make well-informed decisions, without the regulator mandating how specific issues must be addressed.
The MAS is looking to align Singapore&rsquo s disclosure requirements for secondary listings with international standards.
Issuers that want a secondary listing in Singapore and to offer shares to retail investors are now required to comply with the same prospectus disclosure requirements as issuers seeking a primary listing here. A proposed amendment will allow companies already listed overseas to use their existing prospectus with minimal adjustments when seeking a secondary listing on the SGX.
Industry experts have welcomed the proposals.
Ms Stefanie Yuen Thio, joint managing partner at TSMP Law Corporation, noted that the granularity with which IPO prospectuses are reviewed, with multiple rounds of comments and questions, has been a longstanding grouse in the market. &ldquo It&rsquo s good the new proposals will centre on financial and management integrity,&rdquo she said.
&ldquo IPO aspirants will still need to make full disclosure &ndash that has not changed &ndash but a lot of friction will be taken out of the process.&rdquo
She noted that under the new regime, investors will have to make more informed and considered decisions and must be prepared to seek recourse in the event of inadequate or wrongful disclosure.
&ldquo This also means the law must change to give investors more easy access to information and improved levers to enforce against bad companies.&rdquo
Investor protection avenues are expected to be addressed in the next round of measures to be announced by the review group later in 2025.
Mr Robson Lee, a partner at Kennedys Legal Solutions, noted that shifting from a hybrid prescriptive-disclosure based regime to one where issuers take more responsibility for their disclosures is a move in the right direction, one that will draw more IPOs and secondary listings without compromising standards.
&ldquo The spirit of a disclosure-based regime entails the directors of the issuer bearing full responsibility for the statutory and regulatory compliance requirements,&rdquo Mr Lee said.
It also fosters more market discipline through the principle of caveat emptor, or buyer beware, as investors take personal responsibility for their investment and securities trading decisions, he added.
Deloitte South-east Asia accounting and reporting assurance leader Tay Hwee Ling agreed, noting that the shift towards a disclosure-based regime places stronger emphasis on the timeliness, consistency and materiality of information disclosed.
Material information is anything that a reasonable investor would want to know before buying or selling a security, as it could affect the company&rsquo s stock price or the investor&rsquo s view of the company.
&ldquo This empowers investors to make better-informed decisions while requiring issuers to present clear, accurate and comprehensive disclosures &ndash especially in how their financials support their growth narrative and long-term value proposition.&rdquo
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moonsun
Veteran |
14-May-2025 15:46
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https://www.businesstimes.com.sg/companies-markets/sgx-delistings-not-letting-amid-market-pressures-year-date-16-have-privatised-or-face-same-fate
More and more delistings with no new ipos to replace.. The gd gone and rotton remains.. dyodd
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MrBear12
Supreme |
14-May-2025 14:02
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0
x 0 Alert Admin |
Garang shortsellers
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stlimst
Master |
14-May-2025 13:24
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x 0
x 0 Alert Admin |
Still kena shorted down...
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Joelton
Supreme |
14-May-2025 13:08
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SGX securities daily average volume in April hits 5-year high
Foreign exchange futures activity is at its record level
[SINGAPORE] The total securities market turnover value on the Singapore Exchange (SGX) increased 59 per cent to S$40.6 billion in April, on record foreign exchange (FX) futures and exchange-traded fund (ETF) activity.
April&rsquo s total market turnover volume fell 21 per cent to 29.5 billion shares, from 37.1 billion in the previous corresponding period, said the bourse operator in its monthly market statistics report on Tuesday (May 13).
The securities daily average value (SDAV) reached a new five-year high in April, rising 59 per cent on year to S$1.9 billion &ndash the highest since March 2020.
Derivatives traded volume increased 24 per cent year on year to 29.9 million contracts on record foreign exchange (FX) futures activity, too. Month on month, it was up around 9 per cent from 27.4 million contracts in March. This was largely due to a &ldquo flight to quality&rdquo activity by investors amid tariff volatility, SGX said. The derivatives daily average volume climbed 24 per cent on year to 1.5 million contracts.
&ldquo In a month of tariff-driven volatility, global investors leaned on SGX Group&rsquo s liquid marketplace to tap opportunities and risk-manage across asset classes,&rdquo it added.
US President Donald Trump unveiled tariffs on trading partners on Apr 2, and eventually hiked those on China to 145 per cent, with retaliatory rates of 125 per cent. Singapore, on the other hand, was subject to a baseline 10 per cent tariff rate, which came into effect on Apr 5.
In particular, US dollar/offshore Chinese renminbi FX futures traded volume gained 57 per cent year on year on the SGX in April to 4.4 million contracts as investors weighed US-China trade tensions.
Additionally, SGX Indian rupee/US dollar FX futures volume also grew on the back of renewed foreign-investment flows into India bolstering the domestic economy.
The two benchmark contracts led a 70 per cent year-on-year surge in total SGX FX futures volume to a record high of 8.2 million contracts.
Next, the combined assets under management of ETFs rose to a record S$13.8 billion in April, with daily average turnover up 62 per cent year on year at S$37.5 million &ndash a five-year high.
SGX witnessed the listing of Amova MSCI AC Asia ex-Japan ex-China Index ETF in April, the first ETF globally that tracks the MSCI AC Asia ex Japan ex China Index.
In April, Singapore was the most-traded South-east Asian cash market, leading regional peers with 2025 year-to-date SDAV growth of 22 per cent.
The Straits Times Index also outperformed other South-east Asian benchmarks year to date with a 1.2 per cent price return and 2.9 per cent total return for the month.
Retail SDAV in particular climbed more than 50 per cent month on month to the highest level achieved since January 2021.
In the top position, DBS : D05 +1.19% made up 19 per cent of total trading value of STI constituent stocks for the month of April, with a market capitalisation of around S$120.6 billion. This was followed by UOB : U11 +1.55% at 10 per cent, recording a market capitalisation of around S$57.9 billion.
Both OCBC&rsquo s : O39 +0.74% and national telco provider Singtel&rsquo s : Z74 -4.87%total trading value of STI constituent stocks stood at 9 per cent.
India equity derivatives recorded its best performance in April, where Gift Nifty 50 Futures hit a record volume of 2.1 million contracts, up from two million contracts the previous month. Its daily average volume of 112,113 contracts in April demonstrated strong trading momentum, with India outperforming its emerging market peers amid the tariff uncertainty.
Meanwhile, the traded volume of SGX FTSE China A50 Index Futures stood out last month, increasing 32 per cent year on year in April to 9.4 million contracts, with 1.2 million lots changing hands on Apr 7. This was at the peak of the global sell-off triggered by concerns over the impact of US tariffs.
Broad-based commodities also grew: commodity derivatives traded volume increased 11 per cent on year in April to 6.3 million contracts, with iron ore leading the gains across other products.
The volume of SGX Sicom rubber derivatives &ndash its global physical benchmark for rubber future contracts &ndash increased 49 per cent on year to a record of more than 454,000 lots, while petrochemicals volume more than doubled, driven by heightened risk management.
Due to increased options activity, dairy derivatives increased to a record of more than 170,000 lots, too.
Institutional investors also turned to SGX Equity Derivatives to manage their Asian portfolio risk during onshore holidays in China and Taiwan and to hedge their positions during US hours. A record 85,270 lots of SGX FTSE Taiwan Index Futures were traded during the overnight session of Apr 9.
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