SGX Group

SGX says companies ‘preparing to list on Mainboard’, commits to working with MAS’s equities review group - THE EDGE SINGAPORE

Singapore economy

SGX says companies ‘preparing to list on Mainboard’, commits to working with MAS’s equities review group

SGX recorded seven new equity listings in FY2024 ended June 30, down from eight new listings in FY2023.
SGX posts 4.5% higher adjusted net profit for FY2024, raises quarterly DPS to 9 cents - THE EDGE SINGAPORE

Results

SGX posts 4.5% higher adjusted net profit for FY2024, raises quarterly DPS to 9 cents

SGX last raised its quarterly dividend at the end of FY2023 after 12 consecutive quarters of paying 8 cents per share.
MAS launches review group to strengthen equities market; recommendations to come within a year - THE EDGE SINGAPORE

Singapore economy

MAS launches review group to strengthen equities market; recommendations to come within a year

The review group will be chaired by Chee Hong Tat, Minister for Transport, Second Minister for Finance and MAS board member.

Markets

SGX lists first three-month SORA-linked futures

The contract closely resembles short-term interest rate (STIR) futures that reference other overnight rates.

Insider moves

BlackRock becomes substantial shareholder of SGX after buying 18,800 shares from the market

Shares in SGX closed 5 cents lower or 0.51% down at $9.67 on July 30.
Web services of SGX and certain payment methods in CDG app affected amid global IT outage (update) - THE EDGE SINGAPORE

Company in the news

Web services of SGX and certain payment methods in CDG app affected amid global IT outage (update)

The first glitches emerged in the US, Bloomberg reported, attributing the disruption to a failure of Microsoft services.
Potential scenarios when general offers lead to the loss of public float - THE EDGE SINGAPORE

Regulator's column

Potential scenarios when general offers lead to the loss of public float

In its column, SGX RegCo says it will not permit trading in an issuer’s securities to be suspended for a prolonged period.

Broker's Calls

SGX's forward yield of 3.7% remains 'unexciting' says RHB; keeps 'neutral' call with TP of $10.40

Ahead of SGX’s FY2024 result after market close on Aug 7, Jaiswal estimates the 2HFY2024 core patmi at $259 million, +4.4% h-o-h.

Markets

SGX total securities market turnover value down 11.2% y-o-y to $21.06 bil in June

Securities daily average value (SDAV) on SGX securities fell by 6.6% y-o-y to $1.11 billion.
TNFD adoptees cross 400; nature-related disclosures body releases guidance for eight sectors - THE EDGE SINGAPORE

Environmental, Social and Governance

TNFD adopters cross 400; nature-related disclosures body releases guidance for eight sectors

The TNFD also announced an update to its Taskforce members, with Singapore’s CDL replacing the Singapore Exchange (SGX).
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