【SGX S68 交流专区】新加坡交易所 SINGAPORE EXCHANGE LIMITED

icy97

11月份在新交所转手的股票成交量回升，但转手率依旧疲弱
http://www.sharesinv.com/zh/articles/35988/

2012年12月05日
11月份在新加坡交易所(Singapore Exchange)转手的股票的平均每日成交量稍微回升，但备受瞩目的股票流通量依旧疲弱。今年11月份的平均每日成交价值年比增8%至13亿元，由于每日成交量激增77%至21亿股。但总体转手率依旧保持在48%的疲弱状态，去年同期则是52%。转手率是反映每1股的概略转手次数。月比方面，转手率略高于10月份的43%。转手率是新交所密切关注的一个衡量指标，并希望能提高市场深度及股票流通量。新交所的总裁Magnus Bocker表示，理想的转手率应介于100-150%。11月的总市值比10月微增0.7%至9,107万元。

启示：证券市场的活动复苏适逢年底，显示基金经理正开始探讨他们的组合，同时物色下跌股。衍生品市场仍是新交所的亮点，其每日期货与期权平均成交量年比提高22%。

新交所11月交投增8％

财经 天下  2012-12-09 13:03
（新加坡8日讯）新加坡交所（SGX）的月度统计数据显示，11月份的证券交易总额按年增加8%，按月也上扬5%，达到273亿新元（约682.5亿令吉）。

同时，日均交易值也按年攀高8%，按月则增长10%至13亿新元（约32.5亿令吉）。

上市债券的价值飙涨91%。

35个上市债券共筹集资金153亿新元（约382.5亿令吉），远高于去年仅有16个债券上市以及所筹集的80亿新元（约200亿令吉）。

和记黄埔集团是最大的发行者，其10亿美元（约30.52亿令吉）担保票据将在2017年到期，同时还有5亿美元（约15.26亿令吉）的担保票据将在2022年到期。

不过，11月份新交所基金交易的总值同比下滑39%至3亿2700万新元（约8亿1750万令吉）。[Nanyang]

icy97

全年交易额虽跌 新交所市值增20％

财经 天下  2013-01-07 21:14
（新加坡7日讯）新加坡去年的股票交易疲弱，全年交易额下滑12%至3215亿元（7941亿令吉），但股市总市值在去年却增长了20%，达9350亿元（2.31兆令吉）。

根据新加坡交易所最新数据，当地股票市场去年每日平均证券交易值（SDAV）为13亿元（32.11亿令吉），按年下滑12%。

金融股交易额最大
不过，去年12月的交易还是相当活跃，交易额比一年前同期高出39%，达232亿元（573亿令吉）；每日平均证券交易值也增长46%至12亿元。

以股票市场类型来分类，新元计算主板上市股票的交易额是2924亿元（7222亿令吉），非新元计算主板上市股票为149亿元（368亿令吉），凯利版上市股票79亿元（195亿令吉），全球报价板10亿元（24.7亿令吉），挂牌基金（ETF）52亿元（128亿令吉），以及凭单1亿7800万元（4亿3966万令吉）。

以公司所属国家来分类，新加坡公司的交易额最大，达1911亿元（4720亿令吉）；海外公司（不包括中国）次之，为1043亿元（2576亿令吉）；中国公司则是261亿元（645亿令吉）。

以行业领域来说，交易额排在前三位的依次是金融领域，847亿元（2092亿令吉）、工业领域，676亿元（1670亿令吉），以及消费品领域，485亿元（1198亿令吉）。

至于以交易流通速度来说，新交所整体股票达到47%，其中主板上市股票也是47%，凯利版上市股票则高达108%。

交易流通速度是反映市场的流通量表现，计算方法是以市场的总成交量除以总市值。

另一方面，新交所的衍生产品和商品交易市场活跃，不论是去年全年或者12月都打破记录，双双创下新高。

其中，衍生产品在去年12月的交易量达到800万宗，同比增加55%，每天平均成交量创下纪录，增长67%至40万2920宗；全年也创新高，至802万宗，增加了11%。

商品交易方面，农业商品期货全年增长56%，达到25万多宗；商品掉期（swap）全年也增加74%，达到33万多宗。其中，商品掉期在去年12月的交易量更猛增80%，至2万2036宗。[Nanyang]

icy97

新交所的2Q13盈利跃升16.7%至7,630万元
http://www.sharesinv.com/zh/articles/36979/

2013年01月23日
新加坡交易所(Singapore Exchange)在截至2012年12月31日的第二季度录得盈利跃升16.7%至7,630万元，由于证券及衍生品市场均取得广泛增长。证券市场的第二季度表现良好，每日成交总值为12亿元，年比提高8%。衍生品市场的每日平均成交量激增30%至35万8,532份合约的新高，由于中国A50期货及日本日经225(Japan Nikkei 225)期权的买卖提高。公司董事会宣布于2013年2月6日派发每股4分的中期股息。

启示：辉立证券研究(Philip Securities Research)认为，公司将从日益诱人的证券市场中受惠。但联昌国际研究(CIMB Research)表示，公司仍面对提高证券转手率和零售成交价值及吸引企业前来挂牌上市等挑战。

icy97

Singapore Exchange says open to deals after LCH talks report: Updated
http://www.theedgesingapore.com/the-daily-edge/business/42625-singapore-exchange-says-open-to-deals-after-lch-talks-report-updated.html

Tue, 5 Feb 16:02
Singapore Exchange, operator of Southeast Asia’s biggest stock market, said it is open to partnerships after the Financial Times reported it was in talks to buy a stake in LCH.Clearnet.

Singapore Exchange is in negotiations to buy a stake in LCH.Clearnet, Europe’s biggest clearinghouse, or to become part of the deal in which the London Stock Exchange Group Plc is set to take a controlling 60%, the FT reported, citing three people it said were familiar with the situation. Singapore Exchange shares slipped 1.4% to $7.72 as of 3:02 p.m. in the city state.

“As the Asian gateway, SGX is open to partnerships and alliances for the benefit of shareholders, the company and our customers,” Carolyn Lim, a spokeswoman for the Singapore bourse, said in an e-mail. “However, we do not comment on media reports or speculation.”

Clearinghouses, which help to mitigate risks by requiring collateral from members who execute buy and sell orders, have become attractive as new global rules require central processing of more types of transactions. Singapore Exchange’s shares fell 5.3% through today after Australian Treasurer Wayne Swan quashed its bid for that country’s main exchange operator in April 2011.

ASIAN EXCHANGES
Asian bourses have been seeking acquisitions. Hong Kong Exchanges & Clearing completing its US$2.2 billion ($2.7 billion) purchase of London Metal Exchange in December. Japan’s two biggest stock exchanges completed a merger last month while the Tokyo Commodity Exchange Inc. said it’s talking with U.S. competitors to integrate trading systems and attract more overseas participants.

Hong Kong Exchanges’ LME owns 8.1% of LCH.Clearnet, according to the London metal-trading venue’s website. While LME uses LCH.Clearnet to manage risk, it is developing its own clearing platform, LME Clear, set to open in 2014.

“With no debts, a high cash balance and steady free cash flow, SGX has the financial capabilities to buy a stake in LCH.CLearnet,” said Ken Ang, a Singapore-based analyst at Phillip Securities “The potential purchase would benefit SGX in providing a diversified source of revenue, although the attraction would depend on the purchase price.”

The London Stock Exchange provisionally agreed to pay 15 euros a share for a majority stake in LCH.Clearnet in December. The two companies extended the deadline for takeover negotiations until Feb. 28. LSE reduced the bid from 20 euros a share amid concern European regulations will force LCH.Clearnet to boost capital.

LSE scrapped its US$3.4 billion bid for TMX Group Inc., owner of the Toronto Stock Exchange, in June 2011 after failing to win support from TMX shareholders. Singapore’s US8.8 billion bid for ASX Ltd. collapsed after Australian Treasurer Wayne Swan said in April 2011 the deal wasn’t in the national interest.

An SGX-LCH-Clearnet deal would diversify revenue: Phillip
http://www.theedgesingapore.com/the-daily-edge/business/42620-an-sgx-lch-clearnet-deal-would-diversify-revenue-phillip.html

Tue, 5 Feb 12:51
If SGX (S68.SG) acquires a stake in LCH.Clearnet, with the Financial Times reporting the exchange-operator is in talks, it would provide another source of revenue geographically, says Ken Ang, an analyst at Phillip Securities.

But whether the move would become a game-changer, would depend on the purchase price and whether it would be a joint-control bid or if SGX gets a controlling stake, he says.

"The best option for them would be joint control, rather than just a minority stake," he says. He expects clearing revenue to rise as deals cleared through an approved clearing house wouldn't need as much capital under Basel requirements.

SGX declined to comment to Dow Jones. The stock is down 1.3% at $7.73, underperforming the STI's 0.6% fall.

icy97

新加坡交易所2013年取得开门红
http://www.sharesinv.com/zh/articles/37225/

2013年02月06日
新加坡交易所(Singapore Exchange)1月份的交易活动增加，为新的一年带来了好的开始。1月份的每日平均成交金额年比提高42%至18亿元，由于每日平均成交量从12亿9,000万股增加超过2倍至47亿7,000万股。产业兼饮品集团星狮集团(Fraser & Neave)收购战在1月中结束，相关交易量占1月份总交易量的6%，是海峡时报指数的30只成份股中交易量比率最高。1月份的总体转手率从去年同期的51%提高至62%。新股上市活动淡静，只有1家公司在1月份上市，并集资1,000万元；债券发行活动年比提高48%至200亿元。衍生品市场也表现强劲，每日平均成交量年比提高75%至46万3,561份合约。

启示：马来亚银行金英(Maybank Kim Eng)表示，公司的表现提高并不是由于“1月份效应”，因为表现增幅非常大。通常基金经理在1月份度完假回到工作岗位后，市场上的交投量和成交额都会被推高。因此，马来亚银行金英对股市在今年首个月份便表现强劲表示乐观。

icy97

传新交所洽购欧最大清算所

财经 天下  2013-02-07 12:14
（新加坡6日讯）市场传出新加坡交易所正商讨收购欧洲最大的独立清算所LCH.Clearnet的消息。

它可能会参与伦敦证券交易所收购LCH.Clearnet的交易，或单独购入LCH股权。

对此新交所发言人在答复《联合早报》询问时指出：“新交所对任何有益于股东、公司和客户的伙伴、联盟关系秉持开放的态度，但不会对媒体报道或传闻发表评论。”

据英国《金融时报》昨日报道，有知情人士透露，新交所、伦敦证交所和LCH.Clearnet正商讨收购LCH.Clearnet股权交易的框架。

若交易能达成，将是继去年香港交易所以13亿8800万英镑（67亿1792万令吉）收购伦敦金属交易所（LME）之后，亚洲又一交易所为进入伦敦市场所展开的大宗收购。

同时，这也显示不少交易所都对全球衍生品市场所带来的商机感到兴趣。[南洋商报财经]

icy97

SGX posts 26% rise in Q3 earnings to $98mil
http://www.theedgesingapore.com/the-daily-edge/business/43492-sgx-posts-26-rise-in-q3-earnings-to-98mil.html

Tue, 16 Apr 18:59  
Singapore Exchange said it recorded earnings for three months to the end of March 2012 (3QFY13) rose 25.6% to $98 million from $78 million a year ago (3QFY12). Earnings per share (EPS) rose to 9.1 cents compared to 7.3 cents. Revenue rose 16.5% to $191 million for the quarter compared to $164 million a year ago.

Magnus Bocker, SGX CEO, said, “We are reporting a net profit of $98 million, an increase of 26% from a year ago. A stronger market during the third quarter saw Securities daily average traded value of $1.7 billion, up 17% year-on-year. Our Derivatives market delivered a second consecutive record quarter with daily average traded volume of 479,235 contracts, up 52% year-on-year.”

Securities daily average traded value (SDAV) for the quarter was $1.7 billion, up 17% year-on-year ($1.5 billion) and up 41% quarter-on-quarter ($1.2 billion). Derivatives daily average traded volume (DDAV) for the quarter was a record 479,235 contracts, up 52% year-on-year (315,919 contracts), and up 34% quarter-on-quarter (358,532 contracts). Several other records were also set this quarter, including monthly DDAV of 512,551 contracts in February and single-day Open Interest of 3.2 million contracts on 7 March 2013.

Total equity funds raised were $2.4 billion, up from $484 million a year ago. Primary equity funds of $955 million ($36 million) were raised from five (two) Initial Public Offers (IPOs) and one Global Depository Receipts (GDR). Secondary equity funds of $1.5 billion were raised, up from $448 million a year earlier. There were 107 (105) new bond listings, raising $48.6 billion ($54.7 billion).

SGX has declared an interim dividend of 4.0 cents per share, payable on May 2, 2013.

icy97

SGX may face weaker fiscal-4Q: OSK-DMG
http://www.theedgesingapore.com/the-daily-edge/business/43502-sgx-may-face-weaker-fiscal-4q-osk-dmg.html

Wed, 17 Apr 11:51
Singapore Exchange's (S68.SG) fiscal-3Q13 showed a good pickup, with net profit of $98 million, up 26% on-year, at the upper end of the estimate range, led by stronger securities and derivatives, OSK-DMG says.

The house raises its FY13-14 net profit forecast by 4% each after lowering operating cost projections as the company continued to show good cost discipline and maintained its operating expense guidance.

It raises its fair value to $6.80 from $6.50. But it adds, while the stock's current 24.5x 2013 PER isn't particularly expensive, it prefers Bursa Malaysia (1818.KU) on its cheaper 22x 2013 PER valuation and stronger earnings growth.

"Furthermore, we note that April's average daily turnover has softened to around $1.26 billion, potentially suggesting a weaker 4Q13 is in store. Thus, despite the commendable results, we have maintained our Sell call." The stock is up 1.0% at $7.78.

icy97

SGX and China Beijing International Mining Exchange collaborate to develop iron ore market
http://www.theedgesingapore.com/the-daily-edge/business/43773-sgx-and-china-beijing-international-mining-exchange-collaborate-to-develop-iron-ore-market.html

Tue, 7 May 21:37
Singapore Exchange (SGX) and China Beijing International Mining Exchange (CBMX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of both Chinese and international iron ore markets.

The agreement was signed in Singapore at the Singapore Iron Ore Week 2013, between Dong Chaobin, President of CBMX and Magnus Böcker, CEO of SGX.

CBMX operates the iron ore spot trading platform in China, which was jointly initiated by China Iron and Steel Association (CISA) and China Chamber of Commerce of Metals Minerals and Chemicals Importers and Exporters (CCCMC). Since its opening on 8 May 2012, more than 13 million metric tonnes of iron ore have been traded. The trading pattern of the platform and the base price it generates, are gradually gaining market influence. SGX AsiaClear is the pioneer commodities OTC clearing service in Asia and enjoys over 90% global market share in the clearing of iron ore swaps.

Under the MOU, both exchanges will jointly explore areas of cooperation including product development, market development and information sharing. CBMX and SGX will also explore a medium-term roadmap towards improvement of interaction and risk-transfer between the spot and derivatives markets.

The landmark agreement brings together an international derivatives clearing platform with a Chinese physical spot trading platform. The physical iron ore seaborne market in Asia has seen significant growth in the last few years, driven by China’s continued industrial development and consequent demand for steel production. The derivatives market has developed alongside as the complementary risk-management and hedging tool against price volatility. SGX cleared a record 109 million metric tonnes of iron ore swaps in 2012, representing growth of almost 2.5 times over the previous year.

“As the only iron ore spot trading platform in China, we hope that through cooperation with SGX, we can promote the use of both the spot and derivatives platforms as trading and risk management tools. This will help iron ore market participants to achieve effective and efficient interaction between the spot and financial derivatives markets”, said Dong.

“Through this agreement, we continue to build on our commitment to expand the reach of our markets and clearing capabilities to Asia and globally. Closer collaboration between the various physical marketplaces and our derivatives market sets an ideal foundation for growth. It also aligns our respective platforms more effectively to the benefit of all market participants. We look forward to working closely with CBMX,” said Böcker.

icy97

新交所擬年底推出自動停盤機制

財經環球13 Jun 2013 20:04
（新加坡13日訊）新加坡交易所（SGX）提議在證券市場引入自動停盤機制（circuit breaker）。

新加坡交易所週三發佈文告指出，計劃于年底前在該國證券市場引入自動停盤機制。

文告指出，該交易所提議引入自動停盤機制，將股票價格漲跌幅限制在最后成交價的10%以內。

一旦交易報價突破上述價格區間，就會啟動為時5分鐘的“冷卻期”，此間鎖定現有停盤價格區間，且交易價格須維持在該區間內。

在“冷卻期”過后，停盤價格區間將進行調整，以反映價格的變動。

新加坡交易所指出，自動停盤機制可防範無序交易的發生，為市場人士在價格波動劇烈時，提供冷靜思考的時間。

美國、英國和澳洲已實行這一制度。

公眾可在7月3日前針對上述提議發表意見。[中国报财经]

SGX proposes circuit breakers for securities market

icy97

SGX posts 15% higher full-year net profit of $336 mil
http://www.theedgesingapore.com/the-daily-edge/business/44811-sgx-posts-15-higher-full-year-net-profit-of-336-mil.html

Tue, 23 Jul 18:12
Singapore Exchange said it recorded revenue of $715.1 million ($647.9 million in FY2012) and a net profit of $335.9 million ($291.8 million) in FY2013. Earnings per share (EPS) was 31.4 cents (27.3 cents) and return on equity (ROE) was 39% (35%).

SGX’s underlying profit was $350.9 million ($303.9 million) excluding an impairment charge of $15 million ($11 million) on its investment in the Bombay Stock Exchange (BSE).

The Board of Directors has proposed a final dividend of 16 cents (15 cents) per share, bringing total dividend to 28 cents per share (27 cents). This represents an 89% (99%) pay-out of the reported net profit in FY2013.

Magnus Böcker, SGX CEO, said, “We are pleased to report a net profit of $336 million and underlying profit of $351 million, both up 15% over the previous year. This is our best performance since FY2008. Our continuing investments in new products and wider distribution enabled us to benefit from increased market activities. Securities total traded value increased 10% to $363 billion. Our Derivatives market continued to deliver growth with a number of records including total traded volumes of 101 million contracts, up 32% year-on-year.”

Business Highlights
Securities: Total stock market capitalisation was $954 billion at the end of June, an increase of 13% from $842 billion a year ago. Improved market activities during the second half raised the Securities daily average value (SDAV) by 11% to $1.5 billion ($1.3 billion) and total turnover by 10% to $363.4 billion ($331.2 billion).

Derivatives: We had a record year for our Derivatives business, with total traded volumes up 32% to a record 100.6 million contracts (76.0 million). Average month-end open interest for the year grew 86% from 1.4 million contracts to a record 2.6 million contracts. Iron Ore swaps volumes grew 198% to 370,240 contracts (124,193 contracts), accounting for more than 90% of global exchange-cleared volumes.

Issuer Services: Total equity funds of $13.5 billion were raised, up 120% from $6.1 billion a year ago. Primary equity funds of $8.1 billion ($1.0 billion) were raised from 30 (24) new listings. Secondary equity funds of $5.4 billion were raised, comparable to the $5.2 billion raised a year earlier. The number of new bond listings grew 41% to 424 (300), raising $196 billion, up 21% from $161 billion a year ago.

icy97

新加坡交易所取得FY08以来的最佳业绩
http://www.sharesinv.com/zh/articles/40536/

2013年07月24日
新加坡交易所(Singapore Exchange)截至6月30日的全年收入增加10.4%至7亿1,510万元，净利提高15.1%至3亿3,590万元。公司的业绩大致上与分析师的预测相若。彭博社对17名分析师所作的调查显示，净利共识预估为3亿3,580万元。公司总裁Magnus Bocker高兴地表示，这是新交所自FY08以来最佳的业绩，因为它不断投资于新产品和扩大分销网络，并因市场活动增加而受惠。新交所的增长主要是来自2013年上半年的业务活动，由于投资情绪好转带动6月份的总市值升至新高。不容忽视的是，第四季度来自证券活动的收入激增40%至7,660万元。首次公开售股(IPO)市场也好转，在FY13共有30只新股上市，集资81亿元。FY12则是24个IPO，集资额为10亿元。新交所建议派发每股0.16元的末期股息，全年派息合共为每股0.28元。

启示：尽管取得卓越的表现，新交所指出，全球经济局势不明朗依旧是一个隐忧。它希望能提高新加坡散户投资者的参与，因目前这个市场只占稍微高于8%的份额。新交所也希望能维持每季度每股0.04元的基本股息。

icy97

Name of Announcer *	SINGAPORE EXCHANGE LIMITED
Company Registration No.	199904940D
Announcement submitted on behalf of	SINGAPORE EXCHANGE LIMITED
Announcement is submitted with respect to *	SINGAPORE EXCHANGE LIMITED
Announcement is submitted by *	Loh Wei Ling
Designation *	Vice President
Date & Time of Broadcast	05-Aug-2013 18:17:49
Announcement No.	00143

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

SGX derivatives volumes grow in July

Description

Attachments

20130805_SGX_derivatives_volumes_grow_in_July.pdf

icy97

明年首季推行 新交所最低交易减至100个单位

财经 天下  2013-08-20 11:45
（新加坡19日讯）新加坡交易所（SGX）计划将股票交易的最低整数（Board Lot），从目前的1000个单位，减少至100个单位。

《联合早报》报道，新交所将针对有关计划向公众征询反馈及意见，并会在之后正式向新加坡金融管理局提出申请。新交所预计最快会在明年第一季正式推行该计划。

新交所证券部主任费莱士表示，将股票交易的最低整数减少至100单位，可让更多零售投资者以更低的投资额进场投资蓝筹股，协助他们买进范围更广的股票，将投资组合的风险分散。

新交所的长期目标，是将最低交易整数减少为一个单位，不过它估计，现阶段将交易整数调低至100单位，须推行及进行检讨至少两年。[南洋网财经]


SGX consults public on reduced board lot size
http://www.theedgesingapore.com/the-daily-edge/business/45140-sgx-consults-public-on-reduced-board-lot-size.html

Publish date: Mon, 19 Aug 17:56  
Singapore Exchange (SGX) is consulting the public on its proposal to reduce the standard board lot size of securities listed on SGX from 1,000 to 100 units, with a view to reducing it to 1 unit in the longer term. The reduction of the board lot size to 100 units as a first step will allow SGX to assess the market impact before unitising the standard board lot.

SGX believes the reduced board lot size will benefit the public as individuals will find it easier to invest in higher-priced shares, instead of limiting themselves to lower-priced ones. Many of the index component stocks and blue chips tend to be higher-priced. This will enable retail investors to more easily build balanced and diversified portfolios to grow their savings.
Institutional investors will also be better able to manage their risk exposures through finer asset allocation of funds.

The proposed standard board lot size of 100 units will apply to ordinary shares, real estate investment trusts, business trusts, company warrants, structured warrants, extended settlement contracts and shares on GlobalQuote. Existing board lot sizes of less than 100 units will remain unchanged.

The board lot sizes for exchange traded funds, American Depository Receipts and fixed income instruments, including Singapore Government Securities and preference shares will also remain unchanged.

Amendments are proposed to the Listing Rules, to cater for the reduction of the board lot size. These include:
* Removal of Mainboard Listing Rules specifying the minimum board lot size for structured warrants, given the adoption of the standard board lot size of 100 for structured warrants; and
* Amendments to Mainboard and Catalist Listing Rules to require issuers to specify in the annual report, the number of shareholders who hold less than 100 shares.
SGX seeks the views of the public and market participants on this proposal. Subject to regulatory approval and member readiness, we target to introduce this by the first quarter of 2014.

The consultation paper is available on SGX’s website at www.sgx.com from today. Market participants and members of the public can submit their comments and suggestions until 6 September 2013 via email to rules@sgx.com

Name of Announcer *	SINGAPORE EXCHANGE LIMITED
Company Registration No.	199904940D
Announcement submitted on behalf of	SINGAPORE EXCHANGE LIMITED
Announcement is submitted with respect to *	SINGAPORE EXCHANGE LIMITED
Announcement is submitted by *	Loh Wei Ling
Designation *	Vice President
Date & Time of Broadcast	19-Aug-2013 17:15:21
Announcement No.	00033

>> ANNOUNCEMENT DETAILS

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SGX consults public on reduced board lot size

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20130819_SGX_consults_public_on_reduced_board_lot_size.pdf

icy97

SGX announces new admission rules for mineral, oil and gas companies
http://www.theedgesingapore.com/the-daily-edge/business/45352-sgx-announces-new-admission-rules-for-mineral-oil-and-gas-companies.html

Publish date: Thu, 5 Sep 20:10   
The Singapore Exchange has announced new Mainboard admission rules that apply to the listing of mineral, oil and gas (MOG) companies that are not yet in production.

SGX says the new rules will enable a wider spectrum of MOG companies to tap into capital markets via SGX, as they require funding for exploration, development and production.

According to the new rules, MOG companies that are not in production but is seeking a listing are required to have a market capitalisation of $300 million based on the issue price and post-invitation issued share capital, and disclose milestones and capital expenditure as part of plans to advance to production stage.

Companies are also required to have at least achieved “indicated resources” for mineral companies or “contingent resources for oil and gas companies, and have sufficient working capital for 18 months from listing.

The new rules will be effective from Sept 27.

icy97

博可：更多东协企业狮城上市

财经 天下  2013-09-21 10:26
（新加坡20日讯）新加坡交易所（SGX）总执行长博可告诉股东，新交所今后将有更多东协公司前来首次公开募股（IPO）上市，新加坡已开始吸引日本公司前来上市，并将继续欢迎中国公司前来上市。

博可昨日在新加坡交易所的常年股东大会上向股东说，新交所2013财年业绩是5年来最佳的，而且正当全球交易所去年营收下跌10%之时，新交所上财年的营收增加了10%，净利增加15%，因此全年派发28分（71.12仙）股息给股东。

但商业周期越来越短，交易所行业竞争也越来越激烈，新交所因此将在多方面继续创新以便维持竞争力，包括推出更多产品、提高IPO售股给散户投资者的比率、降低每张交易的股数、推行动态断路器机制等。

博可并没有提到并购其他交易所，新交所主席周俊成在会上回答询问时也表示，跨境并购在交易所这个行业面对保护主义障碍，因此现在新交所只有专注于靠自身业务的发展来推动增长。[南洋网财经]

icy97

新交所 中国银行合作 开发人民币产品与服务

财经 天下  2013-09-22 10:27
（新加坡21日讯）中国银行与新加坡交易所签署合作备忘录，共同开发人民币产品和服务，以及互助扩展在中国和狮城的业务。

根据协议，中国银行及旗下的中银国际将与新交所展开清算会员、结算银行、人民币清算等方面的合作。

中行新加坡分行也成为新交所第一家具有中资背景的结算银行。

满足投资者需求

新交所总执行长博可指出，通过合作，新交所将为客户提供更多与中国相关的产品和服务，以及更多的工具来管理他们的风险。

新交所将不断推出产品和服务以满足企业和投资者的需求。

自2010年离岸人民币债券在新交所挂牌以来，已吸引约90个债券，融资规模达1000亿元人民币。在当地上市的近800家公司中，有141家属于龙筹股。

新交所也是世界首个提供人民币远期合同场外交易清算服务的交易所。[南洋网财经]

icy97

首三季筹479亿 狮城证券市场活跃

财经 天下  2013-09-27 10:20
（新加坡26日讯）新加坡证券资本市场今年十分活跃，首三季总集资额达到149亿美元（约479亿令吉），不仅按年激增43.9%，也是自2007年以来的新高。

不过，今年第三季的表现略显逊色，集资规模只有约44亿美元（约141亿令吉），不如去年第三季。

汤森路透的数据显示，可转换证券在首三季的集资规模最大，达到69亿美元（约222亿令吉），其次是后续发行的45亿美元（约144亿令吉），首次公开募股（IPO）则占34亿美元（约109亿令吉）。

从增幅来看，后续发行的集资额按年激增73.3%，可转换证券增51.8%，IPO则增加8.4%，其中主要是受益于丰树大中华商业信托的上市。

此情况下，产业领域成为集资额最高行业，首三季总集资额达58亿美元（约186亿令吉），其中大部分产业投资信托，占46亿美元（约148亿令吉）。

新加坡当地企业首三季的总集资额约为85亿美元（约273亿令吉），按年激增超过90%；星展集团是最主要的承销商（bookrunner）（占16%份额），接着为摩根大通（14.7%）、花旗集团（10.3%）、高盛（8.1%）、大华银行（6.4%）和华侨银行（6.1%）。[南洋网财经]


第3 季增39%达55亿 狮城新股上市集资全球第2

财经 天下  2013-09-28 10:48
（新加坡27日讯）全球的首次公开募股活动（IPO）虽滑落，新加坡的新股上市却呈现不俗增长，其第三季估计按季增39%至17亿美元（约54.74亿令吉）集资总额更居全球第二，仅次于美国。

据安永会计师事务所（Ernst & Young）刚发布的《全球IPO趋势报告》，新加坡交易所主板（SGX Mainboard）在第三季迎来四只新股，集资总额15亿美元（约48.3亿令吉），在全球交易板当中位列第三。

凯利板（SGX Catalist）则迎来七只新股，集资1亿3790万美元（约4.44亿令吉），集资总额也远高于上一季的仅仅400万美元（约1288亿令吉）。

安永的统计显示，截至9月19日止第三季，全球共有160只新股上市，另外还有37只新股预计也会在9月结束前挂牌；新股总数197只，按季减少4%，集资总额也大跌37%至244亿美元（约785.68亿令吉）。

亚洲新股热度跌

美国在本季的新股活动最为旺热，集资总额达118亿美元（约379.96亿令吉），占全球总额的49%，包办首10名最大宗新股中的六只。

另一方面，上一季表现强劲的亚洲新股，在本季热度滑落，虽然有78只新股上市，数量比上一季增加26%，惟集资总额估计只达64亿美元（约206.08亿令吉），大减59%。

中国股市续冻结IPO

安永东协与新加坡执行合伙人罗锦伟表示，中国的证券交易所依旧冻结新股上市，继续影响亚洲市场的整体表现；日本市场经历了次季的高峰之后回落，也导致亚洲新股市场第三季的热度减弱。

整体亚洲市场最活跃的新股领域同样来自房地产市场，共有11只新股上市，总共集资21亿美元（约67.62亿令吉）；必需消费（consumer staples）和能源领域则紧随其后。

安永策略性高增长市场全球副主席宾纳利表示，全球新股上市活动在第三季滑落符合金融市场在夏季进入淡季的历史走势，预期新股活动接下来将回升，并持续到明年；其中，以美国、英国、德国和东南亚市场最受看好。

罗锦伟也称，经历近期激烈的市场动荡之后，为东协市场的泰国、马来西亚、印尼和新加坡接下来预计将看到更多新股活动。[南洋网财经]

icy97

Singapore Exchange to launch thermal coal futures in Oct
http://www.theedgesingapore.com/the-daily-edge/business/45663-singapore-exchange-to-launch-thermal-coal-futures-in-oct.html

SPublish date: Tue, 1 Oct 18:55
The Singapore Exchange (SGX) said it will launch two thermal coal futures contracts on Oct. 21, hoping to tap into a growing demand for hedging tools in Asia amid a steep drop in coal prices this year.

Last week, China’s first thermal coal futures contract debuted strongly on the Zhengzhou Commodity Exchange with volume for the most-traded January contract reaching more than 30 million tonnes on Sept. 26 and rising further to 43 million tonnes the following day.

SGX said the two contracts — SGX API 8 CFR China Coal Index Futures and SGX His McCloskey Indonesian Sub-bit FOB Index Futures — will each have a lot size of 100 tonnes, half the contract size in Zhengzhou, and can be settled in cash. They will be fungible with the corresponding swaps that the bourse currently clears.

“With a choice of futures or swaps, Asian thermal coal miners, consumers and traders can fulfill their risk management and trading needs during Asian time zone,” the exchange said in a statement on Tuesday.

Sluggish demand from China, the world’s top coal importer, has sent benchmark prices to near four-year lows below US$80 ($100) a tonne in early September.

China is also the world’s top producer and in 2012 churned out 2.74 billion tonnes of thermal coal, which accounts for nearly 80% of its total power output.

icy97

9月衍生品飙扬26% 新交所交易额增6%

财经 天下  2013-10-05 11:01
（新加坡4日讯）新加坡交易所（SGX）9月份的证券交易总额和衍生品交易量，较去年同期都有所增加，增幅分别为6%和26%。

据新交所的月度统计数据，9月份的证券交易总额年增6%至303亿新元（约773亿令吉），主要因为今年的交易日比去年同月多了一个；日均证券交易额（SDAV）也微涨1%至14亿新元（约35.75亿令吉）。

凯利板的交易额共年增四倍至29亿新元（约74.06亿令吉）；挂牌债券的融资额也年增28%至228亿新元（约582.31亿令吉），其中最大额融资为印尼发行的15亿美元（约47.95亿令吉）主权债券。[南洋网财经]