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21-Oct-2013 17:23

SGX / SGX

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SGX and Shanghai Futures Exchange to collaborate on commodity derivatives

Singapore Exchange (SGX) and the Shanghai Futures Exchange are cooperating in the development of the commodity derivatives markets in both China and Singapore.

The two exchanges signed a memorandum of understanding on the cooperation in Shanghai, China, on Saturday, 19 October 2013. They will jointly explore areas of cooperation including the development of derivatives for energy, metals, chemicals and commodity indexes. The MOU also covers exchange of ideas and information sharing.

" This cooperation with Singapore Exchange will help the internationalisation of China?s futures market and Shanghai Futures Exchange. It will increase market efficiency, and promote the development of the derivatives markets and the economies of both China and Singapore. We attach great importance to our cooperation with SGX and look forward to mutual benefits in areas such as information exchange, experience sharing and engagement between our executives under the MOU," said Liu Nengyuan

" We are delighted to partner Shanghai Futures Exchange in developing new products and services

(刘能元 ), President and CEO of Shanghai Futures Exchange.

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21-Oct-2013 17:06

Others / What?s Happened to Blumont, Asiasons and LionGold

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A Cat is transformed into a Lion!

Octavia ( Date: 21-Oct-2013 15:08) Posted:

Peter_Pan ( Date: 21-Oct-2013 11:55) Posted:

asia blue lion's lunchtime..

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21-Oct-2013 13:27

Global Logistic / GLP

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GLP has been climbing from $2.65 since 28/8 ...........

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21-Oct-2013 13:13

Others / What?s Happened to Blumont, Asiasons and LionGold

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Singapore shares crawl higher as small, mid-caps stocks top trading: Reuters

Singapore shares edged up on Monday, buoyed by the market regulator's decision to lift trading restrictions in three small and mid-cap stocks.

Shares of Asiasons Capital Ltd more than doubled in value, while Blumont Group Ltd and LionGold Corp Ltd jumped about 90 percent in heavy trading, after SGX lifted trading restrictions on these stocks and restored their full access to the equity market. ...

The benchmark Straits Times Index inched up 0.2 percent to 3,197.50, in line with a 0.2 percent gain in MSCI's broadest index of Asia-Pacific shares outside Japan.

The FT ST Small Cap Index has risen more than 3 percent so far this year, while the FT ST Fledgling Index, which covers companies with smaller market capitalisations, jumped nearly 20 percent. Both outran the benchmark index's 0.9 percent rise year-to-date.

" We believe that small mid caps will continue to attract investors interest with its superior growth," DBS said in a research report.

DBS's picks include Nam Cheong Ltd, Goodpack Ltd, Centurion Corp Ltd and Yoma Strategic Holdings.

DBS also recommended Ezion Holdings Ltd, Kreuz Holdings Ltd and Rex International Holding Ltd in the oil and gas space, as well as palm oil stocks Bumitama Agri Ltd and Indofood Agri Resources Ltd

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21-Oct-2013 12:57

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Market Recap

US equities ended the week with gains as better-than-expected corporate earnings from Google and Morgan Stanley boosted investor sentiment.

19 of the Dow components finished with gains with GE (+3.5%) the best performer. For the week, the Dow gained 1.1%. The S& P 500 saw all ten industry groups advance and it gained 2.4% for the week. Rounding off the major indices, the tech-heavy NASDAQ Composite fared the best with a 3.2% gain for the week. NYSE Composite volume came in at 3.7b....

WTI Crude for Nov added 14 cents, or 0.1%, to end at US$100.81/barrel while Dec Brent gained 83 cents, or 0.8%, to settle at US$109.94/barrel. For the week, both WTI and Brent fell 1.2% and 0.5% respectively.

Gold for Dec delivery lost US$8.40, or 0.6%, to end at US$1,314.60/ounce. Dec Silver shed 3 cents, or 0.2%, to end at US$21.91/ounce. Nonetheless, for the week, gold and silver gained 3.7% and 3.1% respectively.

Implications for Singapore

The optimistic display by the US indices last Friday night and the still-positive US index futures (up 0.2% now) could provide some inspiration to the local bourse this morning.

As a recap, the STI managed a 0.2% gain in the last session, although investors were still hesitant about pushing it beyond the 3200 psychological obstacle.

But with today?s tone likely to remain more upside biased, we could potentially see the index initiating another attempt to overcome this hurdle today.

Should the 3200 level be taken out, the index will likely head to the 3260 level (key peaks) next. On the downside, 3155 minor trough is still the immediate base, with the next support lying at the 3125 key trough.

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21-Oct-2013 10:47

Others / What?s Happened to Blumont, Asiasons and LionGold

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Important Notice - ?Designated Securities?

Singapore Exchange (SGX) will end the designation of stocks in Asiasons Capital Limited (?Asiasons?), Blumont Group Ltd and its related securities (?Blumont?), and Liongold Corp Ltd and its related securities (?LionGold?) on Monday, 21 October 2013, at 8.30am.

Attached SGX Regulatory Announcement on ending of the designation for your attention.

We have also prepared an FAQ to assist you on this matter.

Please note that poems internet trading for the designated securities will be available from 22 Oct 2013 (Tue). No amendment to internet rates will be entertained.

QUESTIONS AND ANSWERS

1. For stocks bought during the period of designation, will investors be allowed to

sell the stocks before the purchases are settled on T+3?

Yes. Following the ending of the designation, stocks bought during the period of

designation can be sold prior to the settlement of the trades on T+3.

2. Do sellers of the stocks still have to show satisfactory evidence that they own

sufficient quantities before brokers can execute a sell order?

No. There is no longer a requirement for sellers to show proof of ownership of stocks

before brokers can execute a sell order.

3. For purchases of the stocks, do investors still need to make cash payment

upfront before brokers can execute a buy order?

No. Upfront cash payment is no longer required by SGX before brokers can execute a

buy order. This is subject to trading restrictions that brokers may impose as part of their

credit risk management policy.

4. Is short selling now allowed?

Yes. Short selling will now be allowed.

5. Is contra trading now allowed?

Yes. Contra trading will now be allowed.

6. Is trading on margin financing now allowed?

Yes. Trading on margin financing will now be allowed, subject to individual broker?s risk

management policy.

7. Is internet trading now allowed?

Poems internet trading will be available from 22 Oct 2013 (Tue).

8. How will SGX treat breaches of trading restrictions imposed on the designated

stocks?

Trades done during the period of designation are subject to trading restrictions. Any

breach of such restrictions will be reviewed by the SGX to determine the appropriate

regulatory action.

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21-Oct-2013 10:10

Vard / Vard Holdings

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No news is Good news............ Huat arhhhhhhh

WanSiTong ( Date: 17-Oct-2013 09:17) Posted:

Yes ! Hopefully no profit guidance for this quarter. Huat arh........
Scheduled date for release of Financial Results for the Third Quarter ended 30 September 2013
Vard Holdings Limited will be announcing its financial results for the third quarter ended 30 September 2013 on Wednesday, 6 November 2013, before market opens.
The financial statements, presentation and news release will be available for viewing at

www.sgx.com as well as the company?s website www.vard.com.

SFGuyRuleZ ( Date: 16-Oct-2013 19:28) Posted:

Vard's results will be released on 6th of Nov.. No profit guidance, most likely should be good ba, I hope (fingers crossed). Just added more again today at 0.83. But still have to see how the US drama unfolds. Hopefully my bargain hunt is an early christmas present and not a disaster. Lol..

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21-Oct-2013 09:41

Others / Any Stocks Also Can Discuss Forum

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Haha....... total 52 counters

yummygd ( Date: 21-Oct-2013 09:37) Posted:

Wtf might as well put the whole of market in there.

evildd ( Date: 21-Oct-2013 09:33) Posted:

hello, huge updates on uob curb list. fyi

http://sg.uobkayhian.com/page/announcement/uk_restrictedstk.html

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21-Oct-2013 09:18

Others / What?s Happened to Blumont, Asiasons and LionGold

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For those who did not pay cash topick up these 3 counters, script should be changed to :

" 裙子 " 換成 " 股票 " ................haha........

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20-Oct-2013 23:07

COSCO SHP SG / CoscoCorp

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Cosco Corporation - One step forward, two steps back

Written By Stock Fanatic on Sunday, October 20, 2013 |

We doubt the simultaneous string of order wins announced by Cosco, amounting to US$400m, will mask the negative impact of the termination of a contract worth more than US$500m.

Cosco?s only drillship order, due to be delivered in 3Q12, has been terminated by its owner, which is now seeking a US$110m refund. We keep our EPS estimates for now, pending more clarity regarding the arbitration and potential provision to be made. Maintain Underperform and target price based on 22x CY14 P/E (five-year mean). We see re-rating catalyst from consistent quarterly earnings.

What Happened

Cosco announced three contracts worth a total of about US$400m, with one cancellation of an order worth more than US$500m. The contracts it won are

1) the US$170m conversion of a semi-completed hull to a high-end floating accommodation unit due for delivery in 2015

2) a US$180m jack-up rig from an Asian owner for delivery in 3Q15 and

3) Rmb325m (US$53m) for a 30,000dwt cargo & training ship.

The cancelled contract is a drillship awarded in Jul 2010 to convert the hull of a vessel originally built as part of a floating production drilling storage and offloading (FDPSO) unit for MPF Corp, which sought protection from bankruptcy in 2008.

The drillship owner served Cosco Dalian a notice on 5 Aug 2013 to terminate the contract on the grounds of delay in the vessel?s delivery, although the construction is mostly complete. On 5 Sep, the owner claimed a refund for the first instalment (US$110m) and other advances paid. Cosco's without prejudice proposal to settle the matter was rejected on 7 Oct. Several potential buyers have expressed interest in buying the vessel.

What We Think

YTD, the order win reached US$2.5bn. According to Riglogix, Odjfell is the drillshp?s owner and the vessel?s status is ?under inspection?. Cosco could sell the vessel for US$500m (vs. about US$600m built in Korea), but the sale may prove to be a loss as it could cost Cosco more than US$500m to complete the vessel. More modifications may be required to suit the new owner's requirements. Arbitration is likely to take long to reach a settlement and we expect any provision made in this regard to wipe out its FY13 or FY14 profits.

Intra Day

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Technical Analysis

Daily Chart

What You Should Do

There is no reason to own the stock for now. (Read Report)

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20-Oct-2013 20:38

Global Logistic / GLP

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Compared to CapitaLand or even CMA, GLP is overvalued:

	1 Qtr	2 Qtr	2 Qtr
	GLP	Capitaland	CMA
	(US)	S$	S$

EPS (cents)	4.11	13.4	8.2
NTA ($)	1.69	3.58	1.78
PAT ($'M)	208	782	325
Last closing price (S$)	3.1	3.18	1.98

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19-Oct-2013 10:47

Others / What?s Happened to Blumont, Asiasons and LionGold

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Trade with care!!

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19-Oct-2013 10:41

Others / What?s Happened to Blumont, Asiasons and LionGold

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For UOBKH

WanSiTong ( Date: 19-Oct-2013 10:36) Posted:

	Restricted Stocks for Online Trading
	16 October 2013

	Please note that only the following stocks are restricted from online trading:

	Albedo Group (5IB) Asiasons (5ET) Blumont (A33) Cedar (530) Chaswood Resources Holdings Ltd (5TW) Digiland (G77) EMS Energy Ltd (5DE) Innopac Holdings Ltd (I26) Ipco Intl Ltd (I11) IP Comdty.ETN.100US$ (J1QZ) ISR Capital Ltd shares (5EC) LionGold (A78) Metech Int^ (QG1) Mirach Ener (C68) NexGenSCom^ (B07) Rowsley Ltd (A50) Rowsley W161003 (T5MW) Transcu (E15) Vallianz (545) WE Holdings (5RJ) YHM Group Ltd (5QT) Covered Warrants

	Please contact your Trading Representatives for trading assistance.

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19-Oct-2013 10:36

Others / What?s Happened to Blumont, Asiasons and LionGold

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	Restricted Stocks for Online Trading
	16 October 2013

	Please note that only the following stocks are restricted from online trading:

	Albedo Group (5IB) Asiasons (5ET) Blumont (A33) Cedar (530) Chaswood Resources Holdings Ltd (5TW) Digiland (G77) EMS Energy Ltd (5DE) Innopac Holdings Ltd (I26) Ipco Intl Ltd (I11) IP Comdty.ETN.100US$ (J1QZ) ISR Capital Ltd shares (5EC) LionGold (A78) Metech Int^ (QG1) Mirach Ener (C68) NexGenSCom^ (B07) Rowsley Ltd (A50) Rowsley W161003 (T5MW) Transcu (E15) Vallianz (545) WE Holdings (5RJ) YHM Group Ltd (5QT) Covered Warrants

	Please contact your Trading Representatives for trading assistance.

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19-Oct-2013 10:35

Others / What?s Happened to Blumont, Asiasons and LionGold

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UOBKH 17.10.13

Revised List of Small Cap Stocks (SCS)

In our continuing effort to manage and safeguard the interest of our clients, we have revised the SCS List, with effect from 17 October 2013.

Please click here for the SCS listing.

We urge you to exercise caution when trading in these SCS counters.

The following guidelines will continue to be applicable to trading in SCS counters:

(a) Single Exposure per Counter

- Not more than $50K (if clients' approved trading limits are less than $150K)
- Not more than $100K (if clients' approved trading limits are more than $150K or greater)

(b) Cumulative Exposure per Client

- Not more than $300K

Please click here for the list of SCS Listing

handongni ( Date: 19-Oct-2013 08:34) Posted:

Any house restriction on Monday for these counters

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19-Oct-2013 10:29

Others / Thought of the Moment

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贊！

兄弟姊妹别忘记，扬眉吐气星期一。

Acl2013 ( Date: 18-Oct-2013 20:53) Posted:

下半部：
六分直奔两磈四，股友兴叹不敢拾
富人買低死不放，欲求发迏就这次，

交所截入博渃墜，三日只剩毛几厘
黄金汽车房产失，仰天兴叹愁肠醉。

波涛汹涌九日里，有时几毛有时厘
勇者现金收來買，惧者悲观万呼离，

黑暗日子已过去，现今交所解凍已
兄弟姊妹别忘记，扬眉吐气星期一。

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19-Oct-2013 07:30

Straits Times Index / STI to cross 3000 boosted by long-term investors

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S& P 500 Extends Record Amid Stimulus Bets as Google Jumps

By Nick Taborek - Oct 19, 2013 4:49 AM GMT+0800

Click chart for more markets data.

U.S. stocks rose, giving the Standard & Poor?s 500 Index its best weekly gain since July, as results from Google Inc. topped estimates and speculation grew that the Federal Reserve will delay cutting monetary stimulus.

The S& P 500 added 0.7 percent to 1,744.50 at 4 p.m. in New York, extending an all-time high. The gauge has rallied 2.4 in the past five days, for its biggest weekly advance since July 12. The Dow Jones Industrial Average added 28 points, or 0.2 percent, to 15,399.65. About 6.6 billion shares changed hands on U.S. exchanges, 12 percent higher the three-month average.

?People are looking at earnings but they?re also looking at what they think is going to happen next,? Sarah Hunt, an associate fund manager and analyst who helps oversee $4.5 billion at Purchase, New York-based Alpine Woods Capital Investors LLC,said in a phone interview. ?After this political problem no one is expecting this to happen again in January. People are just looking for a little bit of a better economic backdrop to continue what?s been a pretty decent environment for stocks.?

Taper Estimates

The S& P 500 closed yesterday at a record of 1,733.15 after Congress ended the standoff over the federal budget and borrowing authority. The 16-day government shutdown government reduced growth by 0.3 percentage point this quarter, economists said in a Bloomberg News survey.

The slower growth and delayed reporting of economic data will prevent Fed policy makers from paring the monthly pace of asset buying until their March 18-19 meeting, according to the median of 40 responses by economists in the survey conducted yesterday and today. Economists had expected the central bank to reduce purchases to $80 billion last month, according to a Bloomberg survey before the September meeting.

The Fed stimulus has helped propel the S& P 500 (SPX) up by more than 150 percent from its March 2009 low. The gauge has surged 22 percent this year and jumped to its previous intraday record of 1,729.86 on Sept. 19, a day after the central bank unexpectedly delayed tapering.

Data Delay

Investors will have to wait until Oct. 21 to get the next snapshot of economic activity, when data on sales of existing homes is released. The September U.S. jobs report, originally scheduled to be released on Oct. 4, will be issued on Oct. 22. The report was delayed by the partial shutdown. October employment data will come out on Nov. 8, rather than Nov. 1.

A report today from China showed the world?s second-largest economy grew by 7.8 percent in the July-September period, accelerating for the first time in three quarters, as Premier Li Keqiang spurred factory output and investment. Industrial production (CHVAIOY) advanced in September by 10.2 percent as predicted by economists.

?The numbers out of China are supporting markets today after recent disappointing data,? Plassard said. ?While sentiment is still positive, the rally may be short-lived as the debt-ceiling issue will come back to haunt us again soon.?

In the absence of U.S. economic reports, investors have been watching third-quarter corporate earnings. Thirteen S& P 500 companies released results for the period today. Analysts have raised their forecasts for profits and now forecast an average increase of 2.5 percent for all companies in the gauge, according to estimates compiled by Bloomberg today. That compares with an expected gain of 1.4 percent as of Oct. 11.

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19-Oct-2013 07:21

Straits Times Index / STI to cross 3000 boosted by long-term investors

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World Markets

North and South American markets finished higher today with shares in U.S. leading the region. The S& P 500 is up 0.65% while Mexico's IPC is up 0.53% and Brazil's Bovespa is up 0.04%.

North and South American Indexes

Index	Country	Change	% Change	Level	Last Update
Dow Jones Industrial Average	United States	+28.00	+0.18%	15,399.65	4:36pm ET
S& P 500 Index	United States	+11.35	+0.65%	1,744.50	4:36pm ET
Brazil Bovespa Stock Index	Brazil	+20.33	+0.04%	55,378.46	6:02pm ET
Canada S& P/TSX 60	Canada	+6.02	+0.80%	754.40	4:20pm ET
Santiago Index IPSA	Chile	-6.72	-0.21%	3,267.51	3:16pm ET
IPC	Mexico	+213.22

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18-Oct-2013 22:40

SGX / SGX

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To be more exact....... should be listing fees instead of maintenance fees. Huat arh.....

WanSiTong ( Date: 26-Jul-2013 10:35) Posted:

and don't forget they are going to increase the maintenance fees for the listed Cos. Huat ah !

Bottom line will be boosted !!

Mr_SGX ( Date: 26-Jul-2013 10:28) Posted:

Make no mistake, SGX is one of the better good quality stock around.. very good growth potential, reasonably good dividend payout, zero debt etc.

MrSGX like like.. Smiley

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18-Oct-2013 22:03

SGX / SGX

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CIMB TP : 8.69 Outperform

Many little positives

SGX kicked off its FY14 by beating expectations handsomely. Securities clearing fees rate was higher-than-expected. Listing fees crept up and tech expenses growth was curbed. With new products to cement its position as the derivatives exchange of Asia, we turn positive.

1Q14 profit (S$92.3m) was 10% above our expectations and 11% above the Street?s. 1Q was 25% of FY14 estimates, more than we expected as 3Q (Jan-Mar) is typically stronger. The beat came from a variety of factors, which we think can keep up. We raise our FY14-16 EPS by 10-17%, roll forward our DDM-based target price to S$8.69 and upgrade from Underperform to Outperform. Catalysts include new derivatives products gaining traction.

What went right?

1) Securities revenue (38% of the total) came in strong as the clearing rate rose to 3.2bp (vs. average of 2.9bp). The higher rate was due to a low proportion of capped trades as retail activity rose and institutional trades shifted to a more diversified pool of smaller stocks. Although the 3.2bp rate is a little high and will recede, the focus on smaller names in Singapore means that the clearing rate should be higher than before.

2) Listing fees (6% of total) crept up. This was due to a phased increase of listing fees and more rights and bonds issuances. The full effect of the fees hike is yet to be felt.

3) Technology expenses did not rise as guided. SGX has guided for a rise in costs in FY14, but we think the original cost guidance was too high.

Earnings drivers in 2H14

We believe there are two key earnings catalysts to look for in 2H14-FY15. The first is the increase in listing fees which will come into full effect in 2H14. The second is the launch of new derivative products (Thai and the Philippines index futures) and further traction in the derivative space.

Our favourite: derivatives

Interestingly, derivative open interest rose 6% qoq in a quarter where volumes fell 16%. As products come on and add to client stickiness, there are clear signs that SGX is becoming the derivatives exchange of choice in Asia. We believe that is the key reason to buy SGX.

https://brokingrfs.cimb.com/iJFFMxRR2H2p1-2SDnfdKfkyAsXLnryKdTaymeI-R8gxPW9Gud0QLvuF1d3nhRZ515AlTGYYw5c1.pdf

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Cosco Corporation - One step forward, two steps back

Written By Stock Fanatic on Sunday, October 20, 2013 |

S& P 500 Extends Record Amid Stimulus Bets as Google Jumps By Nick Taborek - Oct 19, 2013 4:49 AM GMT+0800

S& P 500 Extends Record Amid Stimulus Bets as Google Jumps

Taper Estimates

Data Delay

World Markets

North and South American Indexes

S& P 500 Extends Record Amid Stimulus Bets as Google Jumps

By Nick Taborek - Oct 19, 2013 4:49 AM GMT+0800