SGX    Last:22.58    +0.33

SGX

STI is due to the banks only ? others esp catalist are mainly pennies or fraudulent loss making companies..
Sgx under pressure.. dyodd

 

The  Straits Times Index (STI) reached a milestone of sorts early last week. When the market opened on Monday (Feb 10), the benchmark index hit a new all-time high of 3,921.30.

This surpassed the preceding record high of 3,906.16 set in October 2007, noted the Singapore Exchange (SGX).

WE CLOSED at just over 3,925 pts today and set a new closing all time high!

Poised to extend run in the coming months and years!

 

50%. Corporate tax rebates ..great for small cosy...but Biggie wonderful for big coy..

stlimst      ( Date: 18-Feb-2025 18:19) Posted: Yes, after PM Wong briefly spoke on the tax rebates/incentives to boost our stock market, I think it is going to help. At least steps taken and hopefully we get more details and more proposals to lift SGX out of the doldrum. Maybe there' s hope.... MrBear12      ( Date: 18-Feb-2025 16:37) Posted: I think the 50% tax rebates for corporates is gonna be very helpful for small companies.

 

There is always hope... ...

Hope is something we must never let go of in our lives. Remember

Hope, even in the face of despair.

It keeps all living creatures going

stlimst      ( Date: 18-Feb-2025 18:19) Posted: Yes, after PM Wong briefly spoke on the tax rebates/incentives to boost our stock market, I think it is going to help. At least steps taken and hopefully we get more details and more proposals to lift SGX out of the doldrum. Maybe there' s hope.... MrBear12      ( Date: 18-Feb-2025 16:37) Posted: I think the 50% tax rebates for corporates is gonna be very helpful for small companies.

 

Yes, after PM Wong briefly spoke on the tax rebates/incentives to boost our stock market, I think it is going to help.
At least steps taken and hopefully we get more details and more proposals to lift SGX out of the doldrum.

Maybe there' s hope....

MrBear12      ( Date: 18-Feb-2025 16:37) Posted: I think the 50% tax rebates for corporates is gonna be very helpful for small companies.

 

I think the 50% tax rebates for corporates is gonna be very helpful for small companies.

 

We want good capital that is stable and that is not so easily just withdrawn. Easy capital in, easy out also... ... We also want good companies to list that can improve our employment and add value to our economy, not just any tom dick or harry.

MrBear12      ( Date: 18-Feb-2025 16:01) Posted: Patient capital... ... Wait as our PM has a plan to attract fund managers and investments here with lower taxes. It will take some time to garner the capital. Our EDB will continue to draw investments at the same time. JessTrang      ( Date: 18-Feb-2025 15:31) Posted: That' s what we are hving currently, bro. But look at the situation. 5 companies delisted/delisting at this point of time. What message is this driving? I' m just waiting to see how they going to lure money and park it here because that' s the main ingredient to boost valuations for those undervalued companies which in turn boost retailers' confidence.

 

Patient capital... ...
Wait as our PM has a plan to attract fund managers and investments here with lower taxes.
It will take some time to garner the capital.
Our EDB will continue to draw investments at the same time.

JessTrang      ( Date: 18-Feb-2025 15:31) Posted: That' s what we are hving currently, bro. But look at the situation. 5 companies delisted/delisting at this point of time. What message is this driving? I' m just waiting to see how they going to lure money and park it here because that' s the main ingredient to boost valuations for those undervalued companies which in turn boost retailers' confidence.  MrBear12      ( Date: 18-Feb-2025 14:37) Posted: Good governance, low taxes, stable political situation (unless WP wins), low corruption, etc.....

 

That' s what we are hving currently, bro. But look at the situation. 5 companies delisted/delisting at this point of time. What message is this driving? I' m just waiting to see how they going to lure money and park it here because that' s the main ingredient to boost valuations for those undervalued companies which in turn boost retailers' confidence. 

MrBear12      ( Date: 18-Feb-2025 14:37) Posted: Good governance, low taxes, stable political situation (unless WP wins), low corruption, etc...... JessTrang      ( Date: 18-Feb-2025 14:29) Posted: Yes bro. Then why companies want to list here when money going abroad?

 

no matter what SGX is a darling dividend paying local blue chip

 

Good governance, low taxes, stable political situation (unless WP wins), low corruption, etc......

JessTrang      ( Date: 18-Feb-2025 14:29) Posted: Yes bro. Then why companies want to list here when money going abroad?  MrBear12      ( Date: 18-Feb-2025 14:11) Posted: Me thinks it better for them to invest abroad to spread the risks.

 

Yes bro. Then why companies want to list here when money going abroad? 

MrBear12      ( Date: 18-Feb-2025 14:11) Posted: Me thinks it better for them to invest abroad to spread the risks. moonsun      ( Date: 17-Feb-2025 09:50) Posted: Even local SWF dare not invest in local equities.. (rightly so given the risks) Wonder if any in review committee invest in local equities? Or they are just vested parties like accountants, lawyers, etc paid by current listed companies to be nice ? The elephant in the room is getting bigger

 

Me thinks it better for them to invest abroad to spread the risks.

moonsun      ( Date: 17-Feb-2025 09:50) Posted: Even local SWF dare not invest in local equities.. (rightly so given the risks) Wonder if any in review committee invest in local equities? Or they are just vested parties like accountants, lawyers, etc paid by current listed companies to be nice ? The elephant in the room is getting bigger ? Joelton      ( Date: 15-Feb-2025 13:35) Posted: SGX falls 5.8% as initial MAS review group proposals dampen earlier optimism Citi downgrades stock to &lsquo sell&rsquo The counter could potentially give up much of its gains since unveiling its first-half results   SHARES of Singapore Exchange (SGX) fell as much as 6.3 per cent or S$0.85 to S$12.62 on Friday (Feb 14) as investors were less than impressed with the initial proposals to revive the equities market.   The counter closed at S$12.69, down S$0.78, or 5.8 per cent, on turnover of 7.2 million shares.   Citi Research downgraded its call on the SGX to a &ldquo sell&rdquo on Friday, as it expects the recent optimism priced into the counter&rsquo s valuation to unwind. It also lowered the price target of the stock to S$11.90.   The bank&rsquo s downgrade come a day after the equities market review group of the Monetary Authority of Singapore (MAS) announced its first set of measures.   The review group had proposed introducing tax incentives to attract enterprises and fund managers to list in Singapore. It also aims to encourage the launch and growth of funds with substantial investment in local equities.   The first set of measures has already been submitted to Prime Minister and Minister for Finance Lawrence Wong. A fuller update on these measures will come on Feb 21.   The group will continue to work on its next set of measures to foster the longer-term development and sustainable growth of Singapore&rsquo s equities market, and provide more details in the second half of this year.   Citi analyst Tan Yong Hong said that although the research house said previously that SGX&rsquo s 12-month forward price-to-earnings multiple of 23.4 times reflected optimism over the recommendations of the review group, commentaries that advised against investments by GIC and the Central Provident Fund in domestic equities &ldquo likely disappointed markets&rdquo .   Second Minister for Finance Chee Hong Tat, who chairs the review group, said that &ldquo GIC&rsquo s mission is to preserve and enhance the international purchasing power of Singapore&rsquo s reserves&rdquo .   He said the sovereign wealth fund should thus not be required to have a specific allocation to local equities if such investments could result in lower overall returns, as doing so would not be in the best interests of Singapore and Singaporeans.   Analysts yesterday after the review group&rsquo s proposal also said that tax incentives likely won&rsquo t address fundamental issues facing the Singapore market, as decisions behind where a company chooses to list will include trading liquidity, valuations.   Citi&rsquo s Tan said in his research note that assuming SGX could de-rate to an average price-to-earnings multiple of 21 times, that implies a potential 8 per cent downside risk to its current share price.   This would entail the counter giving up &ldquo much of (its) gains&rdquo since announcing its results for the first half.   Citi&rsquo s revised target price implies a 21 times 12-month forward price-to-earnings multiple &ndash roughly at the mean level &ndash but this is ahead of the 19 times trough in May last year, when the research house upgraded the counter, it said.   The bourse operator posted a net profit of S$340 million for the first half ended December, up 20.7 per cent from S$281.6 million in the previous corresponding period.   Earnings per share (EPS) stood at S$0.318, up from S$0.263 in the year-ago period.

 

Me thinks it better for them to invest abroad to spread the risks.

moonsun      ( Date: 17-Feb-2025 09:50) Posted: Even local SWF dare not invest in local equities.. (rightly so given the risks) Wonder if any in review committee invest in local equities? Or they are just vested parties like accountants, lawyers, etc paid by current listed companies to be nice ? The elephant in the room is getting bigger ? Joelton      ( Date: 15-Feb-2025 13:35) Posted: SGX falls 5.8% as initial MAS review group proposals dampen earlier optimism Citi downgrades stock to &lsquo sell&rsquo The counter could potentially give up much of its gains since unveiling its first-half results   SHARES of Singapore Exchange (SGX) fell as much as 6.3 per cent or S$0.85 to S$12.62 on Friday (Feb 14) as investors were less than impressed with the initial proposals to revive the equities market.   The counter closed at S$12.69, down S$0.78, or 5.8 per cent, on turnover of 7.2 million shares.   Citi Research downgraded its call on the SGX to a &ldquo sell&rdquo on Friday, as it expects the recent optimism priced into the counter&rsquo s valuation to unwind. It also lowered the price target of the stock to S$11.90.   The bank&rsquo s downgrade come a day after the equities market review group of the Monetary Authority of Singapore (MAS) announced its first set of measures.   The review group had proposed introducing tax incentives to attract enterprises and fund managers to list in Singapore. It also aims to encourage the launch and growth of funds with substantial investment in local equities.   The first set of measures has already been submitted to Prime Minister and Minister for Finance Lawrence Wong. A fuller update on these measures will come on Feb 21.   The group will continue to work on its next set of measures to foster the longer-term development and sustainable growth of Singapore&rsquo s equities market, and provide more details in the second half of this year.   Citi analyst Tan Yong Hong said that although the research house said previously that SGX&rsquo s 12-month forward price-to-earnings multiple of 23.4 times reflected optimism over the recommendations of the review group, commentaries that advised against investments by GIC and the Central Provident Fund in domestic equities &ldquo likely disappointed markets&rdquo .   Second Minister for Finance Chee Hong Tat, who chairs the review group, said that &ldquo GIC&rsquo s mission is to preserve and enhance the international purchasing power of Singapore&rsquo s reserves&rdquo .   He said the sovereign wealth fund should thus not be required to have a specific allocation to local equities if such investments could result in lower overall returns, as doing so would not be in the best interests of Singapore and Singaporeans.   Analysts yesterday after the review group&rsquo s proposal also said that tax incentives likely won&rsquo t address fundamental issues facing the Singapore market, as decisions behind where a company chooses to list will include trading liquidity, valuations.   Citi&rsquo s Tan said in his research note that assuming SGX could de-rate to an average price-to-earnings multiple of 21 times, that implies a potential 8 per cent downside risk to its current share price.   This would entail the counter giving up &ldquo much of (its) gains&rdquo since announcing its results for the first half.   Citi&rsquo s revised target price implies a 21 times 12-month forward price-to-earnings multiple &ndash roughly at the mean level &ndash but this is ahead of the 19 times trough in May last year, when the research house upgraded the counter, it said.   The bourse operator posted a net profit of S$340 million for the first half ended December, up 20.7 per cent from S$281.6 million in the previous corresponding period.   Earnings per share (EPS) stood at S$0.318, up from S$0.263 in the year-ago period.

 

Totally agreed.
Why regulate the market so much when most of the small and mid cap stocks are way way below their book value and their PE ratios are so pathetic compared to our overseas peers? Let them run freely... If you regulate when price go up so much, then you have to skin them alive why price goes down too for what reasons...
If GIG and Temasick dont particpate, mandate the Family offices here to step up higher percentage of their funds in the stock market to make up the shortfall in vol and liquidity. Already China Xi understood the fundamental principles of generating wealth via private capital in their stock market and humble himself to speak to the techno tycoons they will not regulate like before. See the money all flowing back both locally n overseas...
The longer we delay, the tougher for it to rise no matter how much viagra you inject..vicious cycle.. more and more good small and mid caps delist and eventually all of SGX management staff need to resign except a few ones to manage ll suffice as zero IPOs/lesser member annual fees biz for the industry of FA, IFA and corporate finance professionals as well as the big 3 auditors... So sad....

moonsun      ( Date: 18-Feb-2025 13:09) Posted: Change entire SgX board and mgt.. do a spore style doge.. Set up a independent regulator to regulate stick mkt and being back investor confidence.. prosecute rogue directors, ceo and board in strict accordance to rules.. The mkt will react positively in the long run as we weed out the fraudulent companies and attract better one to be listed here. The view out there is spore is easy to get listed and gd ones dun want to be together with the rotten ones.. Birds of feather remember? Dyodd

 

The entire board anyone from the stock broking industry? I think none.

CEO Loh Boon Chye was from bank, ex Deutsche Bank, who was in charge of interest rates and currency products ( " Global Markets" )

moonsun      ( Date: 18-Feb-2025 13:09) Posted: Change entire SgX board and mgt.. do a spore style doge.. Set up a independent regulator to regulate stick mkt and being back investor confidence.. prosecute rogue directors, ceo and board in strict accordance to rules.. The mkt will react positively in the long run as we weed out the fraudulent companies and attract better one to be listed here. The view out there is spore is easy to get listed and gd ones dun want to be together with the rotten ones.. Birds of feather remember? Dyodd

 

Just put money into bank stocks( will push up STI easily), no need find new listings (since most likely will pull down STI). Done deal, lol

stlimst      ( Date: 18-Feb-2025 13:40) Posted: The review committee' s first proposal sinks the SGX share price. MAS said not easy to achieve what is needed to revive the half-dead stock market. SGX said not easy and some senior leaders quitted. Minister Chee also said not easy. How ah? moonsun      ( Date: 18-Feb-2025 13:09) Posted: Change entire SgX board and mgt.. do a spore style doge.. Set up a independent regulator to regulate stick mkt and being back investor confidence.. prosecute rogue directors, ceo and board in strict accordance to rules.. The mkt will react positively in the long run as we weed out the fraudulent companies and attract better one to be listed here. The view out there is spore is easy to get listed and gd ones dun want to be together with the rotten ones.. Birds of feather remember? Dyodd

 

The review committee' s first proposal sinks the SGX share price.
MAS said not easy to achieve what is needed to revive the half-dead stock market.
SGX said not easy and some senior leaders quitted.
Minister Chee also said not easy.

How ah?

moonsun      ( Date: 18-Feb-2025 13:09) Posted: Change entire SgX board and mgt.. do a spore style doge.. Set up a independent regulator to regulate stick mkt and being back investor confidence.. prosecute rogue directors, ceo and board in strict accordance to rules.. The mkt will react positively in the long run as we weed out the fraudulent companies and attract better one to be listed here. The view out there is spore is easy to get listed and gd ones dun want to be together with the rotten ones.. Birds of feather remember? Dyodd

 

Change entire SgX board and mgt..
do a spore style doge..
Set up a independent regulator to regulate stick mkt and being back investor confidence..
prosecute rogue directors, ceo and board in strict accordance to rules..
The mkt will react positively in the long run as we weed out the fraudulent companies and attract better one to be listed here.
The view out there is spore is easy to get listed and gd ones dun want to be together with the rotten ones..
Birds of feather remember?
Dyodd

 

Well said. Even our own sovereign funds not supporting SGX. 
So what to expect?
Really need one of Elon Musk' s DOGE young gungho tech staff to overhaul SGX.
 

JessTrang      ( Date: 18-Feb-2025 11:16) Posted: Even gov also feel GIC unable to get a favourable returns by putting money here, so what' s make them feel market will revive with their proposal? Plain rubbish.. JessTrang      ( Date: 18-Feb-2025 11:07) Posted: Thunder very loud but no rain, lol. That' s the best they can do? lets see whats the avg PE across the board after 3yrs compare to other bourses... wonder how the new listings will help to entice investors when privatisation offers are fair but unreasonable...