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MrBear12
Supreme |
14-Aug-2024 13:52
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Dear bro hokpin, You have been a very astute investor on SGX/Share Junction and I' ve seen you grow sharper every year since I met you many moons ago. I am but a shadow that will pass, but you will shine through the gloom, and dispel my shadow. All the best! Trade SGX as it is a monopoly
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hokpin
Supreme |
14-Aug-2024 13:43
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Bear Bear, every here and there can see your shadow...
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MrBear12
Supreme |
14-Aug-2024 10:58
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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As predicted. 9 cents a quarter making 36 cents a year.
3.6 percent yield. Not bad
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MrBear12
Supreme |
14-Aug-2024 10:56
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0 Alert Admin |
1000 reached.
Forgotten stock. Reviving. Trade SGX |
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moonsun
Veteran |
10-Aug-2024 08:53
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Profits would be much higher if sgx regco is being hived off to a independent watchdog party under MAS.. then no need spend so much $$ to maintain sgx regco? dyodd
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Joelton
Supreme |
09-Aug-2024 11:41
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SGX H2 profit up 10.5% to S$316.3 million proposes Q4 dividend of S$0.09 per share
EPS for the half-year period stands at S$0.296, an increase from S$0.268 for H2 FY2023
THE Singapore Exchange : S68 +0.31%&rsquo s (SGX) net profit for the second half ended June 2024 rose 10.5 per cent to S$316.3 million, from S$286.3 million a year prior.
Earnings per share (EPS) for the half-year period stood at S$0.296, up from S$0.268 for H2 FY2023.
Its board has proposed a final quarterly dividend of S$0.09 per share, up from S$0.085 per share in the same quarter a year ago.
If approved, this would represent an annualised increase of 5.9 per cent, which SGX on Thursday (Aug 8) said was in line with its target of growing its per-share dividend at a mid-single digit percentage compound annual growth rate (CAGR) in the medium term.
The proposed final quarterly dividend will be payable on Oct 25, upon approval by shareholders at SGX&rsquo s upcoming annual general meeting on Oct 10.
Operating revenue for H2 grew 2.6 per cent to S$639.4 million from S$623 million in H2 FY2023.
This was driven mainly by a 17.6 per cent year-on-year surge in operating revenue from fixed income, currencies and commodities (FICC), which was offset in part by an 8.1 per cent decline in contributions from derivatives.
Cash equities increased by 1.4 per cent and platform and other revenue increased by 3.3 per cent over the same period.
The Singapore bourse&rsquo s net profit for the full year stood at S$597.9 million, up 4.7 per cent from S$570.9 million in FY2023 and translating to a full-year EPS of S$0.559.
After adjustments to exclude certain non-cash and recurring items which SGX deems to have less bearing on the group&rsquo s operating performance, adjusted FY2024 net profit was S$525.9 million, up 4.5 per cent year on year with an adjusted full-year EPS of S$0.492.
Operating revenue for FY2024 (*see amendment note) was up 3.1 per cent to S$1.23 billion as opposed to S$1.19 billion, amid higher contributions from FICC as well as platform and others which more than offset declines in both cash equities and derivatives.
Total expenses also increased on a year-on-year basis, rising S$20.4 million or 3.4 per cent, to S$625.3 million. This was due to higher staff costs as well as a S$8 million one-time provision to fund an initiative to improve the vibrancy of the securities market.
&ldquo Monies will be channelled to our industry partners for initiatives that can help and improve market vibrancy. This could include areas like growing distribution channels for investor outreach, new services to enhance or engage investors and support the expansion of our product shelf and regional connectivity,&rdquo said Ng Yao Loong, chief financial officer of SGX Group, at the financial results briefing on Thursday.
SGX&rsquo s chief executive Loh Boon Chye attributed the revenue growth in FY2024 to strong volumes in SGX&rsquo s currencies and commodities businesses as the bourse expanded its customer base and drove higher activity.
&ldquo Our currencies and commodities franchises are on a healthy growth momentum, with volumes doubling over the last three years,&rdquo he added.
SGX aims to increase its group revenue, excluding Treasury income, to a 6 to 8 per cent CAGR range over the medium-term.
Loh said that he expects this to be driven mainly by low- to mid-teens percentage growth in its over-the-counter foreign exchange and exchange-traded derivatives businesses.
&ldquo We expect to achieve positive operating leverage as group expense growth (excluding transaction-based expenses, such as processing and royalties) is expected to be in the low to mid-single digit percentage CAGR in the medium term,&rdquo he added.
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Joelton
Supreme |
09-Aug-2024 11:34
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SGX will represent broader views in MAS review group: CEO
It also includes other public and private sector representatives
THE review group set up by the regulator to improve Singapore&rsquo s stock market will engage a wider group beyond its own members, said Loh Boon Chye, the chief executive officer of the Singapore Exchange (SGX) Group.
Currently, the review group includes a representative from SGX, as well as other public and private sector representatives.
Some other members of the review group are Dilhan Pillay, chief executive of Temasek, and Lai Chung Han, permanent secretary for development in the Ministry of Finance.
But Loh assured that the group will seek the views of those outside the group. &ldquo We will obviously represent what we hear and what is being suggested to us by the broader ecosystem,&rdquo he said.
Loh was responding to questions by the media at SGX&rsquo s financial results briefing on Thursday (Aug 8) about the composition of the review group and if industry players such as brokers and remisiers should be part of the group.
SGX&rsquo s chairman Koh Boon Hwee is a member of the 10-person group which was convened last Friday. The group is chaired by Second Minister for Finance and Monetary Authority of Singapore (MAS) board member Chee Hong Tat.
The group will recommend measures to aid in the development of the equities market in Singapore and complete a report within 12 months.
Several industry players had questioned the composition of the review group.
For instance, S Nallakaruppan, president of The Society of Remisiers (Singapore) told The Business Times that market practitioners such as brokers would be better able to address the issues in the public equity market compared to policymakers who may have no direct experience in the public equity market.
&ldquo If they want to have solutions, they need to include people in the frontline who are tackling the market day-to-day,&rdquo said Nallakaruppan.
Loh said at the briefing that SGX will seek views outside the group.
&ldquo Look, the group has just been formed. SGX will be part of the group and the work stream, and we will also welcome feedback as we engage the broader ecosystem and their inputs for consideration,&rdquo he said.
His comments reiterated what MAS&rsquo Chee said when the announcement of the review group was made last week.
Chee had assured that the group will engage stakeholders who are not on the committee but have strong interests, views and ideas to contribute to the review process.
On how the review group&rsquo s efforts to improve the stock market would differ from efforts taken by SGX alone, Loh said that the group will look at issues beyond the regulatory aspects of the equity market.
It will involve the overall public equity ecosystem in its review, and look at improving the liquidity of the stock market at both the demand and supply sides, said Loh.
&ldquo I think (the group will look at) demand for stocks on the stock market and active constant price discovery, which would also enhance liquidity,&rdquo he added.
On whether the group would also engage sovereign wealth funds such as Temasek and GIC, Loh acknowledged broader calls made for these funds to invest in the local market.
However, he said that their mandates on what they can invest in are &ldquo very clear&rdquo . For instance, GIC invests outside Singapore, in line with its mandate to preserve and enhance the international purchasing power of the Singapore reserves it manages over the long term.
&ldquo I think what we&rsquo re (the group) trying to look at is not just supply, but how to have very focused demand into the stock market,&rdquo said Loh.
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moonsun
Veteran |
09-Aug-2024 11:33
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Damning if true? about time sgx regco roles are to be re examined as conflict of interest and pro business..
The Whistleblowing Office of the Singapore Exchange Regulatory Corporation (SGX Regco) has reportedly launched an internal review after the whistleblower's identity was nearly leaked while handling a report. According to information obtained by Lianhe Zaobao, the whistleblower, an employee of a local company that is about to go public, wrote to SGX because of his reservations about the company's way of doing things. The whistleblower alleged that the contents of the letter were quickly known to the company's supervisors, and the whistleblower accused SGX of negligence in the whistleblowing confidentiality mechanism and lodged a protest with SGX online and offline. https://www.zaobao.com.sg/finance/singapore/story20240808-4430531 |
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moonsun
Veteran |
02-Aug-2024 16:29
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Who dare to rock the boat ?
Dyodd? keep cash 💰 .. FD? |
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joe1991
Veteran |
02-Aug-2024 15:31
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https://www.channelnewsasia.com/singapore/mas-review-group-boost-singapore-stock-market-sgx-4521916 This review will take 12 months...think I better avoid this not well place....FD...the only choice now
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moonsun
Veteran |
15-Jul-2024 15:46
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Good listing all seeking to be delisted..
Latest local firm 2nd chance seeking to be delisted.. Sgx still sleeping? soon left the rotten catalist stocks.. Dyodd |
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Joelton
Supreme |
12-Jul-2024 09:33
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Is SGX nobody&rsquo s child?
It&rsquo s never good for a country&rsquo s stock market when private companies contemplating going public think a rival exchange elsewhere is a better place to list on.
It&rsquo s just as bad when a government shuns the stock market of its own country and opts instead to invest state resources in other places.
Unfortunately, such is and will remain the predicament of the Singapore Exchange S68 -0.1% (SGX) after it became apparent in recent days that reviving the moribund local equities market ranks low on the government&rsquo s to-do list.
Temasek Holdings, wholly owned by the Ministry of Finance, is the latest to chime in on a recent public discourse on what else could be done to resuscitate the stock market, which has seen only one IPO so far this year.
Despite renewed calls for the government and its investment entities to do more to help shake off SGX&rsquo s stupor, a senior Temasek executive told a media briefing on July 9 that the Singapore state investor has no plans to do so. Temasek&rsquo s primary focus, according to the executive, is to generate sustainable long-term returns.
That&rsquo s all well and good in and of itself. But one can infer from the executive&rsquo s remarks that such returns are elusive in the local stock market. If there&rsquo s really good money to be made on the Singapore bourse, surely Temasek would have no hesitation in pumping money &mdash and more of it &mdash into more SGX-listed companies.
The same can be said of GIC. Some in the investment community have been hoping the sovereign wealth fund could channel a part of Singapore&rsquo s foreign reserves to local stocks in a bid to jolt the market back to life. But such hopes were put to rest when Second Finance Minister Chee Hong Tat told parliament on July 2 that getting GIC to invest in SGX-listed companies is not the way to go.
Instead, getting a pipeline of good companies to list on SGX is a better approach, according to Chee. Again, a quick read between these lines will lead one to the conclusion that the lack of good-quality companies &mdash and hence the lack of decent returns &mdash is the reason for the Singapore market&rsquo s sad state of affairs.
On that note, those who are against the idea of GIC getting into Singapore stocks are not wrong in saying this would be akin to throwing good money after bad. In any case, the reluctance of GIC and Temasek to help prop up the local market shouldn&rsquo t come as a surprise.
Chee&rsquo s boss, Prime Minister Lawrence Wong, had already told lawmakers in May that the challenges facing the Singapore bourse &mdash such as better returns from other asset classes given higher-for-longer interest rates &mdash are also affecting other equities markets and are unlikely to go away anytime soon.
While Wong&rsquo s assessment is true, there&rsquo s no denying that other stock markets in Asia are generally in better shape than Singapore&rsquo s.
Our closest neighbour, for instance, saw its market cap soar above RM2 trillion ($573.4 billion) in May for the first time and stay above that level the following month. For a country that faced acute political uncertainty not that long ago and with one of the worst-performing currencies in Asia last year, Malaysia hasn&rsquo t done too badly for investors lately.
Hong Kong, too, is starting to stir, after being written off by many investors following widespread pro-democracy demonstrations by its citizens some years back. A renewed commitment by China to shore up the former British colony&rsquo s fortunes is beginning to rub off on its equities market, which had more than 70 new listing applications in the first half of 2024, up some 50% from the second half of last year.
The point here is that while a number of markets in the region have had their share of misses in recent years, they are starting to pick up. Singapore, on the other hand, has been largely listless for many years and is still not showing any sign of stirring. That&rsquo s despite a slew of initiatives by SGX to try to inject excitement into the market.
Meanwhile, delistings continue to outnumber IPOs on SGX and more homegrown private companies are heading abroad to list.
In addition, many companies already listed here are stranded with such depressed valuations that it no longer makes commercial sense for them to raise additional funds after their IPOs. Some are also feeling the heat from activist shareholders demanding a shakeup of their boards and even business models.
These issues afflict not only business owners and investors but also, if left unresolved, other stakeholders including stockbrokers, research analysts, corporate lawyers, auditors and investment bankers. All these roles are at risk if there&rsquo s no light at the end of the tunnel for the stock market.
Sadly, the reluctance of the government and its investment arms to get more involved in the equities market here only reaffirms what many investors have long come to terms with: That SGX will carry on languishing and remain a cog in the wheel even as Singapore continues to pull ahead as a global financial hub.
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moonsun
Veteran |
03-Jul-2024 22:06
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Guess GIC throw in the towel when they realise how bad the spore stock mkt have deteriorated..
Better keep the $ and accountable to stake holders then to get burn 🔥 Something drastic have to be done on state of governance here..
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pasttime
Supreme |
03-Jul-2024 19:01
Yells: "gold silver are real money. not others iou." |
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market overall traded vol/value increasing with price increases. looks like a potential start of an up trend. hope to see more short covering and money continue to flow in. big shorts are professional. they run at the first sight of potential change in trend. |
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Alignment
Elite |
03-Jul-2024 18:55
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There are a lot of companies on SGX trading way below book value because of mismanagement. What they need is a shakeup by a determined activist investor. GIC could fulfill this role which would benefit everyone because share prices would go up. Meanwhile managements won' t dare fight GIC.
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alanchee
Senior |
03-Jul-2024 10:52
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Will not direct means Indirect la, lol
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moonsun
Veteran |
02-Jul-2024 23:53
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https://www.straitstimes.com/singapore/politics/singapore-will-not-direct-gic-to-invest-in-locally-listed-companies-chee-hong-tat
Wise choice.. even swf dare not touch sgx totally.. Dyodd |
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alanchee
Senior |
02-Jul-2024 19:32
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Yes 9 cents
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moneynoenough
Senior |
02-Jul-2024 18:28
Yells: "ikan bilis " |
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read those running the show still clueless what concrete action plans to make .sg market tick more like alive than zombieing.. https://www.businesstimes.com.sg/companies-markets/investing-gic-funds-not-solution-make-singapores-equity-market-more-attractive-chee-hong-tat
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MrBear12
Supreme |
18-Jun-2024 08:34
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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x 0 Alert Admin |
Maybe 9 cents a quarter
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