SGX    Last:22.25   -

SGX

We are on the way to 7.85 :)

 

As long as it does not close below 6.95, expect it to test 7.85.

Note: Earnings announcement on 24Jul.

 

*chants 8,8,8!

 

Bought.

Notice the daily trading volume pretty decent.

stevenk      ( Date: 24-Jun-2013 10:59) Posted: PhillipCapital removes Boustead Singapore (F9D.SG) and SIA Engineering (S59.SG) from its top picks list for Singapore and replaces them with Singapore Exchange Limited (S68.SG) and Keppel Corp. (BN4.SG). The house likes Singapore Exchange for three reasons: higher securities revenue continued derivatives revenue growth an expected increase in free cash flow and dividend yields. It has an Accumulate rating and S$8.00 target on the stock.

 

PhillipCapital removes Boustead Singapore (F9D.SG) and SIA Engineering (S59.SG) from its top picks list for Singapore and replaces them with Singapore Exchange Limited (S68.SG) and Keppel Corp. (BN4.SG). The house likes Singapore Exchange for three reasons: higher securities revenue continued derivatives revenue growth an expected increase in free cash flow and dividend yields. It has an Accumulate rating and S$8.00 target on the stock.

 

Open $7, Close 7.18, Day High 7.18, Day Low 6.98


 


 

 

Any one get in yet? :)

 

BUY BUY BUY NOW ....

 

Trading data for 2013 continues to remain positive, as latest updates showed that securities and derivatives activities grew in May. Total securities turnover was $37.3b, +45% y/y and +22% m/m, with Daily average value at $1.8b, +52% y/y and +28% m/m. Bond listings almost tripled to $21.9b, while Total futures and options volume was a record 11.0m contracts, +59% y/y and +13% m/m.

 

buy and hold

 

Still do not see any catalyst fundamentally for SGX to breakout from the current resistance.

http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/singapore-exchange-sgx-can-it-go-higher/ 

 

SGX broke out from the range. Watch $7.41 support!

http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/singapore-exchange-sgx-start-down-trend/

 

marubozu1688      ( Date: 21-Apr-2013 23:34) Posted: A bit tough to reach $8.00 at the moment. If the support is broken, trend will reverse. Watch the stock price movement after XD date. http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/sgx-range-bound-for-now/   Lifeisgreat      ( Date: 08-Apr-2013 10:12) Posted: had missed the chance to offload when it hit $10.16 in 2010. will be the first one to let go when the price is $8

 

A bit tough to reach $8.00 at the moment. If the support is broken, trend will reverse. Watch the stock price movement after XD date.

http://mystocksinvesting.com/singapore-stocks/singapore-exchange-sgx/sgx-range-bound-for-now/

 

Lifeisgreat      ( Date: 08-Apr-2013 10:12) Posted: had missed the chance to offload when it hit $10.16 in 2010. will be the first one to let go when the price is $8

 

SGX signs MOU with China Financial Futures Exchange (CFFEX) to develop derivatives mkts in China and Singapore. Both will jointly explore possible areas of cooperation including product and mkt development, info sharing and human resources training. With the agreement, both exchanges will also consider synergies to better address the demands and needs of market participants in China and Singapore. CFFEX is the sole exchange established for financial derivatives trading in China. Its main product is the Futures on CSI 300 Index, which tracks the performance of 300 A-share stocks listed on Shanghai and Shenzhen stock exchanges. Group is releasing its 3QFY13 results on 16 Apr, and Maybank KE recently noted that it will be SGX's most profitable quarter since the GFC in 2008 House believes SGX should be re-rated, given its decreasing reliance on securities revenue (29% of Group revenue from derivatives for FY13 compared to 26% in FY12) Maybank KE has a BUY rating, with TP of $9.00, pegged to 29x FY13F, +1 std dev above historical mean The Street is still divided on SGX, with 6 Buys, 7 Holds, 6 Sells- with TP of $7.54 The past 4 weeks saw EPS upgrades of 0.6% and 0.9% for FY13 and FY14 respectively

 

had missed the chance to offload when it hit $10.16 in 2010. will be the first one to let go when the price is $8  

 

Singapore Daily SGX: Bright Start To 2013 Maintain Buy TP $9.00 We are highlighting that the upcoming set of 3QFY13 results will be of major significance. Our street-high net profit forecast of $94.5m for the quarter will represent SGX’s most profitable since the Great Financial Crisis. The expected 22% yoy growth will be driven by an uptick in trading volume since the start of 2013 a surprising growth momentum in derivatives trading. We reiterate BUY with a TP of $9.00, pegged to 29x FY13F, 1-standard deviation above historical mean.

...Last Done: $7.58... 

 

The Singapore Exchange has pushed to April the launch of its iron ore futures contract, to give clients and member firms more time to prepare for the new product, the exchange said on Friday.

SGX, which clears more than 90 percent of globally traded iron ore swaps, had earlier planned to launch futures contracts, including iron ore and freight, on Feb. 25. It is now considering April 8 as the date.

" This will provide member firms sufficient time to prepare their trading and clearing support, including conducting necessary systems testing," the exchange said in a statement.

The iron ore futures contracts will allow SGX to keep and attract more U.S. clients faced with tougher rules on trading over-the-counter derivatives such as swaps.

The exchange earlier said the U.S. Commodities and Futures Trading Commission had allowed it to continue clearing iron ore swaps for U.S clients while in the process of registering with the regulatory body as a derivatives clearing organisation.

Under Washington's Dodd-Frank Act, the CFTC requires all clearing houses that clear swaps for U.S. customers to be registered with the regulator.

SGX said it cleared a record 18.2 million tonnes of iron ore swaps in January, trumping an earlier record set in September. 

 

SGX continue to climb again......Do not ignore the trend, it's your best friend......

 

The luck of timing :)

 

SGX moves in tandem with trading volumns which are in the uptrend.  Ride on the uptrend.

warrenbegger      ( Date: 14-Feb-2013 21:58) Posted: Sold all at 7.81. Shoik like siao...