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Singapore Exchange Limited (SGX)
Markets
SGX lists first three-month SORA-linked futures
The contract closely resembles short-term interest rate (STIR) futures that reference other overnight rates.
August 01, 2024
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.
July 30, 2024
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.
July 19, 2024
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.
July 15, 2024
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.
July 10, 2024
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.
July 05, 2024
IPO
Malaysia-listed LYC Healthcare drops plan to list Singapore subsidiary on SGX
The group cites “prevailing market conditions in the Singapore equity market” as reason; might list on other exchanges.
June 13, 2024
Broker's Calls
RHB lifts SGX’s TP to $10.40 after strong operating data in May
Analyst Shekhar Jaiswal has kept his "neutral" call as he sees limited upside in the near term amidst a lack of catalysts.
June 13, 2024
Broker's Calls
SGX's recent recovery in turnover not priced in by the street yet, says Citi Research
Citi Research analyst Tan Yong Hong is keeping his “buy” call on SGX with an unchanged target price of $10.70.
June 10, 2024
Banking & finance
Lion-OCBC Securities APAC Financials Dividend Plus ETF listed on SGX
At its launch, the ETF has assets under management (AUM) of $47 million.
May 13, 2024